IG Group Holdings ( (GB:IGG) ) has shared an announcement.
IG Group Holdings plc has announced the repurchase of 108,933 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a buyback program initiated on 31 January 2025. The shares will be held in treasury, increasing the total treasury shares to 9,764,655, with 351,793,213 shares remaining in issue. Since the start of the buyback program, IG Group has acquired a total of 1,753,245 shares at a cost of £17,047,296.92. This move is part of IG Group’s strategy to manage its capital structure effectively, potentially enhancing shareholder value by reducing the number of shares in circulation.
More about IG Group Holdings
IG Group Holdings plc operates in the financial services industry, offering trading and investment services. The company is known for providing online trading platforms and services to retail and institutional investors, with a focus on derivatives trading and spread betting.
YTD Price Performance: -2.56%
Average Trading Volume: 1,012,476
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.35B
For detailed information about IGG stock, go to TipRanks’ Stock Analysis page.