IG Group Enhances Shareholder Value with Stock Buyback

IG Group Holdings (GB:IGG) has released an update.

IG Group Holdings has repurchased 424,409 of its own shares, paying between 887.5p and 909p per share, to hold as treasury stocks. This move is part of a larger buyback strategy that has seen the company acquire over 4.6 million shares since September, spending £42.56 million. Such buybacks often aim to boost shareholder value by reducing the number of shares available in the market.

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