IG Group Holdings plc (LON:IGG) has provided further details on its previously announced share buyback programme of up to £125 million, confirming that it has instructed Morgan Stanley & Co. International Plc to conduct the transactions in line with pre-set parameters. The company stated that the sole purpose of the programme is to reduce its share capital.
The programme, first announced on 19 March 2026, will be implemented in two tranches of up to £62.5 million each. IG Group said the first tranche will commence on 1 April 2026 and is expected to be completed by 30 September 2026. An announcement will be made ahead of the start of the second tranche, which will be subject to share price performance and other demands on capital.
Structure and execution of the buyback
Under the instruction given to Morgan Stanley & Co. International Plc, the broker will execute the share repurchases within certain predefined parameters. These parameters were not detailed in the announcement but are designed to govern the pace and pricing of purchases within the scope of the company’s existing authority.
IG Group confirmed that all shares repurchased under the programme will be held in treasury. Holding shares in treasury rather than cancelling them immediately provides the company with flexibility over their potential future use, while the stated overall objective of the programme remains the reduction of share capital.
Authority and limits
The buyback will take place within the limits of the authority granted to the Board of IG Group at its annual general meeting held on 17 September 2025. Under this authority, the maximum number of shares that remain available for purchase under the programme is 36,155,787.
The company emphasised that the progression to the second tranche of up to £62.5 million will depend on factors including the share price performance and other capital requirements. Further details on the second tranche will be communicated closer to its commencement through a separate announcement.
With the appointment of Morgan Stanley & Co. International Plc and the defined timetable for the first tranche, IG Group has moved from programme announcement to execution phase for its share buyback initiative.
