Following the announcement of a new share buyback programme of up to £150 million, IG Group Holdings plc (LON:IGG) today announced that it has instructed Morgan Stanley & Co. International Plc to conduct the first tranche of the programme of up to £75 million.

The sole purpose of the programme is to reduce share capital.

The first tranche will be for a maximum aggregate market value of £75 million, will commence on 12 August 2024 and is expected to be completed by 31 October 2024.

The First Tranche will take place within the limitations of the authority granted to the Board of IG Group at its annual general meeting, held on 20 September 2023. Pursuant to that authority, the maximum number of shares which remain available for purchase under the First Tranche is 19,990,397.