Electronic trading major IG Group Holdings plc (LON:IGG) has instructed UBS AG London Branch to conduct the second tranche of the share buyback program announced in July 2024.

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

The Second Tranche, which will be for a maximum aggregate market value of £75 million, will commence on 25 September 2024 and is expected to be completed by 31 January 2025. It is intended that the purchased shares will be held in treasury.

The Second Tranche will take place within the limitations of the authority granted to the Board of IG Group at its annual general meeting, held on 18 September 2024. Pursuant to that authority, the maximum number of shares which remain available for purchase under the Second Tranche is 36,934,031.