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IG Group Holdings Confirms Share Buyback and Cancellation

IG Group Holdings Confirms Share Buyback and Cancellation

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

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IG Group Holdings plc has announced the buyback of 476,625 of its own shares, with plans to cancel them, which will reduce the total number of shares in issue to 362,566,014. The shares were purchased at prices ranging from 952.50 to 970.50 pence per share, resulting in a volume weighted average price of 965.68 pence. Since August 12, the company has acquired a total of 6,774,296 shares, spending over £65 million.

For further insights into GB:IGG stock, check out TipRanks’ Stock Analysis page.

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