Following the announcement of a share buyback programme of £250 million on 20 July 2023, IG Group Holdings plc (LON:IGG) today announced that it has entered into non-discretionary instructions with J.P. Morgan Securities plc to conduct the second tranche of the Programme of up to £150 million (in accordance with certain pre-set parameters) and to make trading decisions in relation to the Programme independently of IG Group.

The purpose of the programme is to reduce share capital.

The Second Tranche will be for a maximum aggregate market value of up to £150 million, will commence on 7 November 2023 and will end on or before 31 July 2024.

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 20 September 2023. Pursuant to that authority, the maximum number of shares which remain available for purchase under the Second Tranche is 40,452,304.