3rd Apr 2023 10:39
(Alliance News) - IG Group Holdings PLC on Monday said that it has commenced the third tranche of its share buyback programme, worth up to GBP50 million.
IG Group is a London-based contracts-for-difference trading platform.
It has entered non-discretionary instructions with Morgan Stanley to conduct the third tranche of the programme. It will begin on Monday, and end on or before August 31.
IG previously announced a buyback programme of up to GBP150 million in July, before declaring a GBP50 million extension in January. This third tranche takes the total size of the programme up to GBP200 million.
IG shares were trading 0.4% higher at 701.00 pence each in London on Monday morning.
By Holly Beveridge, Alliance News reporter
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