IG Group said Monday that it has commenced the third tranche of its share buyback programme, with up to £50 million allocated to repurchasing shares in a move aimed at reducing share capital.
IG Group Starts Share Buyback Programme
The tranche, which began on 3 February 2025, is set to conclude by 10 June 2025.
The buyback forms part of a broader programme first announced in July 2024, initially valued at £150 million. It was later extended by an additional £50 million in January 2025, bringing the total buyback amount to £200 million.
The company revealed it has engaged Morgan Stanley to execute the buyback under non-discretionary instructions, meaning trading decisions will be made independently of IG Group and in line with pre-set parameters.
The share repurchase will be conducted within the limits of the authority granted at IG Group’s annual general meeting on 18 September 2024. Under this authorisation, up to 28,922,621 shares remain available for purchase.
IG Group stated that the buyback’s “sole purpose is to reduce share capital,” a move often seen as a way to enhance shareholder value by decreasing the number of outstanding shares.
The FTSE 250-listed online trading firm continues to execute its capital return strategy amid evolving market conditions.
