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IG Group kicks off second phase of GBP 250 million share buyback
Spread betting and CFDs broker IG Group plc today launched the second tranche of its expanded £250 million buyback program. This plan was announced back in July and began with a £100 million repurchase of listed ordinary shares in August. The UK-listed online trading platform broker released a statement that it has entered into non-discretionary instructions with Morgan Stanley to conduct the second tranche, which will be limited to a maximum aggregate market value of £150 million. The buyback activity is scheduled to start on November 7, 2023 and will be completed on or before July 31, 2024. IG Group added that ... (full story)