IG Group Secures Court Approval for Jersey Move as FCA Approves New Listing Prospectus
By Tareq Sikder
AI summary of the source article
IG Group has received court approval to redomicile from England and Wales to Jersey under a new holding company. Following FCA approval of its new prospectus, trading in the new entity's shares will begin on 16 November.
Key facts
- The court sanctioned a scheme of arrangement establishing Jersey-incorporated Jenkins Topco plc (to be renamed IG Group Holdings plc) as the new parent company.
- Existing shares will be delisted and new company shares will begin trading on the London Stock Exchange on 16 November.
- The FCA approved the new listing prospectus as IG Group reaffirmed its 2026 financial guidance projecting mid-single-digit revenue growth.
Source excerpt · Finance Magnates
IG Group has received court approval for its proposed redomiciliation from England and Wales to Jersey. The move will replace its existing parent company with a new Jersey-incorporated holding company, with the transition scheduled for 13 November. London's trading industry is coming home! The company announced today (Wednesday) that the Court had sanctioned the scheme of arrangement to establish…