IG Group Holdings has
cancelled 24,522,153 ordinary shares held in its treasury account, reducing its
issued share capital to 337,035,715 shares.
The cancellation took
place on 5 November 2026, according to a regulatory announcement issued under
UK Listing Rule.
London’s trading industry is coming home!
IG has previously used
share buybacks to return capital to shareholders. In March 2026, the company
announced a
£125 million repurchase programme, which began on 1 April and was split
into two tranches of up to £62.5 million each. Morgan Stanley was appointed to
execute the purchases, with the acquired shares initially held in treasury.
IG Cancels Treasury Shares, Voting
Rights Fall
The programme was
subsequently cancelled after IG announced its proposed acquisition of US
prediction markets operator Underdog in July. By 3 August, IG had repurchased
1,994,774 shares under the programme for approximately £32.9 million.
Each cancelled share
had a nominal value of 0.005 pence. Following the cancellation, IG no longer
holds any shares in treasury.
The company’s total
number of shares carrying voting rights therefore stands at 337,035,715.
IG said shareholders
should use this figure as the denominator when calculating whether they need to
notify the company of their shareholdings or changes to their interests under
the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The cancellation
relates to shares already held in treasury and does not represent a new share
purchase or sale by the company.
IG CEO and CFO Buy
£756,000 in Shares
The cancellation
follows recent share purchases by IG’s senior executives. CEO Breon
Corcoran bought 70,000 shares in two transactions in October, spending
approximately £661,913. He purchased 30,000 shares at £9.45 each and a further
40,000 at an average of £9.46. Separately, CFO Clifford Abrahams bought
10,000 shares at £9.44 each, paying approximately £94,399.
Both executives made
their purchases on the London Stock Exchange. Their combined purchases totalled
80,000 shares worth approximately £756,312. The transactions followed a
27% fall in IG’s share price, after the company lowered its revenue growth
outlook for 2026. The regulatory filings did not disclose the reasons for the
purchases.
This article was written by Tareq Sikder at www.financemagnates.com.
