IG Group Holdings (GB:IGG) has released an update.
IG Group Holdings plc has announced the repurchase of 124,030 of its ordinary shares at an average price of 819.5063 pence each, with the intent to cancel them, thereby reducing the outstanding shares to 372,077,455. The share buy-back, conducted through J.P. Morgan Securities plc on 26 June 2024, is part of an ongoing program that has seen the company spend over £127 million since November 2023. This action represents IG Group’s continued investment in its own stock, signaling confidence in the company’s value.
For further insights into GB:IGG stock, check out TipRanks’ Stock Analysis page.
