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An announcement from IG Group Holdings ( (GB:IGG) ) is now available.
IG Group Holdings plc announced the purchase of 96,242 of its ordinary shares from UBS AG London Branch, with prices ranging from 1009p to 1019p, and an average price of 1015.1343p. These shares will be held in treasury, increasing the total treasury shares to 7,543,245. This move is part of a broader share repurchase initiative, with the company having repurchased a total of 7,736,268 shares since September 2024 at a cost of £72.19 million. The repurchase strategy could influence IG Group’s market positioning by potentially enhancing shareholder value and optimizing capital structure.
More about IG Group Holdings
IG Group Holdings plc operates in the financial services sector, offering trading and investment solutions primarily in derivatives, foreign exchange, and other financial instruments. The company focuses on providing services for individual and institutional investors across global markets.
YTD Price Performance: 4.40%
Average Trading Volume: 918,834
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.6B
For detailed information about IGG stock, go to TipRanks’ Stock Analysis page.
