IG Cancels 24.5 Million Treasury Shares After £32.9 Million Buyback
By Tareq Sikder
AI summary of the source article
IG Group Holdings has cancelled 24,522,153 ordinary shares held in treasury, reducing its issued share capital and voting rights to 337,035,715. The action follows executive share purchases totaling approximately £756,312 by the company's CEO and CFO.
Key facts
- IG cancelled 24,522,153 treasury shares on 5 November 2026, reducing total voting shares to 337,035,715 and leaving zero shares in treasury.
- The company previously repurchased 1,994,774 shares for approximately £32.9 million before cancelling the buyback programme due to a proposed acquisition of Underdog.
- CEO Breon Corcoran and CFO Clifford Abrahams bought a combined 80,000 shares worth around £756,312 on the London Stock Exchange.
Source excerpt · Finance Magnates
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 com…