By Staff Writer
IG Group launches £125m share buyback, appointing Morgan Stanley to execute the program.
The buyback is expected to run until January 30, 2026, subject to market conditions.
This follows £200m in previous buybacks, highlighting IG’s ongoing capital return strategy.
IG Group has officially kicked off a new £125 million share buyback program, appointing Morgan Stanley as the executing broker to manage the multi-month process.
The FTSE 250 trading company first announced the plan in July, confirming today that Morgan Stanley will handle the purchases under pre-set parameters. The primary goal of the program is straightforward: to reduce IG Group’s share capital. All shares repurchased will be moved into treasury rather than cancelled, in line with the company’s capital strategy.
The buyback is expected to run until January 30, 2026, though the exact end date will depend on market conditions, the company’s share price and also broader capital requirements.
The authority for the buyback was granted at IG’s September 2024 annual general meeting, with about 23.8 million shares still available for purchase under the current board approval.
This isn’t IG’s first time using buybacks as a capital management tool. The company completed a £150 million program last year, followed by another £50 million initiative at the start of 2025. The new round highlights IG’s continued commitment to returning value to shareholders while managing its balance sheet effectively.
In other related news, IG also recently announced the appointment of Gavin Chia as CEO of Singapore Office.
