IG Group has announced that, following its previous share buyback initiatives, it is launching the third tranche of its ongoing share buyback programme. This follows the announcement of a £150 million buyback programme on 25 July 2024 and the £50 million extension announced on 23 January 2025.
The latest buyback tranche, valued at up to £50 million, will be executed in partnership with Morgan Stanley & Co International Plc, which has been instructed to conduct the buyback in a non-discretionary manner. This means that Morgan Stanley will have the autonomy to make all trading decisions independently of IG Group, ensuring the programme operates within set parameters.
IG Group Launches Third £50 Million Share Buyback Programme
The primary objective of the share buyback programme is to reduce the company’s share capital. As part of this initiative, IG Group is ready to buy back a maximum number of 28,922,621 shares, as authorized during the company’s annual general meeting on 18 September 2024.
The third tranche is ready to commence on 3 February 2025 and will run until or before 10 June 2025. The buyback will be in full compliance with the conditions by the Board of IG Group and within the authority granted to the company at its recent AGM.
This continued buyback effort highlights IG Group’s commitment to enhancing shareholder value by returning excess capital to shareholders while maintaining operational flexibility.
IG Group’s ongoing share buyback programme demonstrates the company’s strong financial position and its commitment to returning value to shareholders. Morgan Stanley will carefully execute the third tranche, valued at up to £50 million, ensuring transparency and adherence to pre-set parameters.
As the buyback programme progresses, it reinforces IG Group’s strategic approach to managing its capital efficiently, while maintaining flexibility to support future growth. Investors can expect this move to positively impact the company’s share capital and overall shareholder value in the coming months.
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