IG Group initiates £50M share buyback programme to reduce share capital, continuing its commitment to enhancing shareholder value.
IG Group initiates £50M share buyback programme to reduce share capital, continuing its commitment to enhancing shareholder value.
IG Group has launched the third phase of its £50M share buyback programme, following previous announcements in July 2024 and January 2025. This initiative will repurchase up to £50 million worth of shares. The buyback continues IG Group’s strategy to reduce its share capital. The programme highlights the company’s commitment to returning value to shareholders.
IG Group has entered into a non-discretionary agreement with Morgan Stanley & Co. International Plc to complete this program phase. Under the arrangement, Morgan Stanley will independently make trading decisions within the predefined parameters IG Group sets, ensuring that the buyback is orderly and compliant.
IG Group will begin the third tranche of the program on 3 February 2025 as part of its broader capital management strategy. The firm plans to complete the repurchase process by 10 June 2025, with a maximum aggregate market value of £50 million.
Moreover, the buyback will be conducted per the authority granted to IG Group’s Board at the Annual General Meeting held on 18 September 2024. According to the buyback terms, 28,922,621 shares remain available for repurchase under the current tranche. The company solely intends to buy back to reduce its share capital without impacting its operational strategy or core business activities.
This share repurchase initiative forms part of IG Group’s ongoing efforts to return value to shareholders and maintain financial flexibility. Investors will closely monitor the buyback’s progress, which could impact the company’s share price in the coming months. Lastly, IG Group’s commitment to enhancing shareholder value and managing capital efficiently highlights its continued confidence in its business outlook and long-term growth strategy.
In Conclusion, the £50 million buyback programme reflects IG Group’s ongoing commitment to enhancing shareholder value. By reducing its share capital, the company strengthens its financial position. Investors can expect continued focus on capital efficiency and long-term growth.
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