IG Group Holdings plc (IGG.L, IGGHY), an online trading and financial services company, on Wednesday announced the commencement of its previously disclosed share buyback programme of up to 125 million pounds.
The programme will be carried out in two tranches of up to 62.5 million pounds each, with the first tranche commencing on April 1 and expected to be completed by September 30.
The company said the purpose of the programme is to reduce its share capital, with repurchased shares to be held in treasury.
The buyback will be conducted under the authority granted by shareholders at the annual general meeting held on September 17, 2025, with up to 36.16 million shares available for repurchase.
On Tuesday, IGG.L closed trading 0.14% higher at GBp 1,432 on the London Stock Exchange.
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