It expects to complete program by January 2026, will hold purchased shares in treasury.

IG Group (LSE: IGG) has started a new £125 million share buyback program, appointing Morgan Stanley as the executing broker for the multi-month initiative.

The FTSE 250 company announced the program in July and confirmed today (Wednesday) that Morgan Stanley will handle purchases according to predetermined parameters. The buyback aims solely to reduce IG Group's share capital, with all purchased shares moving into treasury rather than being canceled.

IG Group expects the program to wrap up by January 30, 2026, though completion depends on share price movements and other capital requirements. The company authorized the buyback at its September 2024 annual meeting, with 23.8 million shares remaining available for purchase under current board authority.

IG Group Schedules Quarterly Update

IG Group plans to release its first-quarter fiscal 2026 trading update on September 25, which could provide insight into business performance and the rationale behind the timing of the buyback program.

Source: Finance Magnates