IG Group launches first tranche of GBP125 million buyback plan

Wed, 01st Apr 2026 11:48

(Alliance News) - IG Group Holdings PLC on Wednesday launched the first tranche of a new share buyback programme, announced last month.

The London-based provider of online trading platforms will repurchase up to GBP125 million in shares across the full programme. The first of two tranches will be worth up to GBP62.5 million and runs from Wednesday to September 30.

A separate announcement will be made before the second tranche is launched, IG Group added.

The company has appointed Morgan Stanley & Co International PLC to carry out the buyback scheme, which follows the appointment of IG Group's new Chair Andrew Barron on Tuesday.

When IG Group outlined the buyback plan in March, it also announced a strategic review. It will consider ways to maximise shareholder value such as acquisitions, the company's domicile and listing venues, and possible business combinations.

The outcome of the review will be published in autumn.

IG Group shares rose 1.1% to 1,448.00 pence on Wednesday morning in London and are up 52% over the past year.

By Holly Munks, Alliance News reporter

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