IG Group reported on 11 November that the court had approved its Jersey holding company scheme. Jenkins Topco plc is due to take the IG Group Holdings plc name. The FCA approved the prospectus for the new parent's proposed admission to the Official List and trading on the London Stock Exchange's main market.
The published timetable placed the shareholder record at 6:30 p.m. UK time on 13 November, with the scheme due to take effect at 8 p.m. if the court order was delivered to the registrar. It scheduled delisting of the old shares and trading of the new ones at 8 a.m. UK time on 16 November. IG said it would issue an announcement when the scheme became effective.
The prospectus reaffirmed IG's 2026 guidance of mid-single-digit annual revenue growth and a low-40s EBITDA margin excluding specified one-off and pending acquisition costs. It puts 2026 redomicile and restructuring costs at about £30 million, of which £16.4 million was recorded in the first half. The new board is expected to include independent director Kathleen DeRose.
Sources IG Group RNS · IG Group · FX News Group
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