Publication of Prospectus Court Approval of Scheme
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM ANY RESTRICTED JURISDICTION OR WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF ANY SUCH JURISDICTION
FOR IMMEDIATE RELEASE
11 November 2026
IG GROUP HOLDINGS PLC
(the "Company", the "Group")
COURT APPROVAL OF THE SCHEME OF ARRANGEMENT TO EFFECT REDOMICILIATION TO JERSEY
and
PUBLICATION OF PROSPECTUS
Further to the announcement on 8 July 2026 relating to the proposals to establish, by means of a scheme of arrangement under Part 26 of the Companies Act 2006, a new Jersey company, Jenkins Topco plc (to be renamed IG Group Holdings plc) (“IG Jersey”), as the holding company of the Group in connection with the proposed redomiciliation of its parent company from England and Wales to Jersey (the “Scheme”), and the announcement on 3 September 2026 in relation to the results of the Court Meeting and the Extraordinary General Meeting, the Company is pleased to announce that the Court has today made the Court Order sanctioning the Scheme.
Capitalised terms used in this announcement, unless otherwise defined, shall have the meanings given to them in the scheme circular published on 16 July 2026 in relation to the Scheme (the “Scheme Circular”).
Next steps and timetable
The Scheme remains conditional on the Court Order being delivered to the Registrar of Companies which is expected to occur at 8.00 p.m. (UK time) on 13 November 2026.
The expected timetable of principal events for the implementation of the Scheme, the de-listing of the Company’s shares and the listing of IG Jersey Shares is as follows:
|
Event |
Time and date |
|
Publication of U.K. Prospectus |
11 November 2026 |
|
Last day of dealings in, and for registration of transfers of, and disablement in CREST of, IG Group Holdings Shares |
13 November 2026 |
|
Scheme Record Time (the time at which the record of the register of members of the Company is taken) |
6.30 p.m. UK time on 13 November 2026 |
|
Scheme Effective Time (the time at which the Scheme becomes effective in accordance with its terms) |
8.00 p.m. UK time on |
|
Cancellation of the entire existing share capital of IG Group Holdings, issuance of new shares in IG Group Holdings to IG Jersey and issuance of IG Jersey Shares to IG Group Holdings Shareholders |
After 8.00 p.m. UK time on 13 November 2026 |
|
De-listing of IG Group Holdings Shares |
8.00 a.m. UK time on 16 November 2026 |
|
Admission of the entire issued share capital of IG Jersey to the Equity Shares (Commercial Companies) Category on the Official List and to trading on the London Stock Exchange’s main market for listed securities, being the Listing Effective Time |
8.00 a.m. UK time on 16 November 2026 |
|
Despatch of cheques and/or crediting of CREST accounts of Scheme Shareholders with any cash due in relation to the sale of Overseas Shareholders entitlements (if applicable) |
No later than 14 days after the Listing Effective Time |
If any of the key dates set out in the timetable change, the Company will give notice of this change by issuing an announcement through a Regulatory Information Service and by making such announcement available on the Company's website at https://www.iggroup.com/
A further announcement will be made once the Scheme becomes effective.
Publication of Prospectus
The Company is pleased to announce that a prospectus in relation to the proposed admission to listing of IG Jersey’s ordinary shares in the equity shares (commercial companies) category of the UK Financial Conduct Authority's (the “FCA”) Official List and to trading on the London Stock Exchange's Main Market for listed securities (“Proposed Admission”) (“Prospectus”) has been approved by the FCA and published by IG Jersey today.
A copy of the Prospectus will shortly be available on IG Group’s website at https://www.iggroup.com/investor-relations/shareholder-information/redomicile and will be uploaded to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Prospectus reaffirms the Group’s guidance, issued on 2 October 2026. For 2026, the Group continues to expect total revenue growth in a mid-single-digit per cent range year-on-year. Non‐recurring costs relating to the Group’s redomicile to Jersey and the restructuring associated with the refreshed organisational model announced on 8 July 2026 are expected to be approximately £30 million for 2026, of which £16.4 million was reported in H1 2026. Excluding these non-recurring costs and expenses related to the acquisition of Underdog, which are contingent on closing, the Group EBITDA margin for 2026 is expected to be in the low-40s per cent range.
Over the medium term, and excluding Underdog, the Board expects organic total revenue growth at a compound annual rate of 10% or more from a 2025 base of approximately £1,100 million, and a Group EBITDA margin in the mid-40s per cent range. The Board expects the proposed acquisition of Underdog, if completed, to lift the combined group’s medium-term revenue growth rate above IG Group’s standalone organic rate and that Group EBITDA margin will be initially below IG Group’s standalone margin and will increase over the medium term as Underdog scales. This guidance reflects IG Group’s expectations for performance over time and not for any specific year.
It is expected that Admission to trading of IG Jersey’s ordinary shares on the London Stock Exchange will become effective and that unconditional dealings will commence at 8.00 a.m. (UK time) on 16 November 2026.
Board of Director Changes
Further to the announcement on 30 October regarding the appointment of Kathleen DeRose as an independent Non-Executive Director of IG Jersey on the date the Scheme becomes effective, from 13 November 2026, the Board of IG Jersey will comprise Andrew Barron, Clifford Abrahams, Breon Corcoran, Jonathan Moulds, Rakesh Bhasin, Andrew Didham, Marieke Flament, Wu Gang, Sally-Ann Hibberd, Susan Skerritt, Helen Stevenson and Kathleen DeRose.
|
Company Secretariat |
IG Group Investor Relations |
Media |
|
Paula Watts |
Martin Price |
Sodali & Co |
|
020 7896 0011 |
020 7573 0020 |
020 7100 6451 |
About IG
IG Group (LSEG:IGG) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands - IG, tastytrade, Freetrade, Independent Reserve and IG Prime - the Group serves over 1.4 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information visit iggroup.com
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