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Confidence in IG Group’s strong performance remains as two senior figures reinvest £21,000 of dividends

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

British spread betting and CFD company IG Group Holdings plc (LON:IGG) is well recognized as a very stable company among London’s long-standing electronic trading firms, and is continuing to perform in a manner that is attractive to its major shareholders and directors. Yesterday, it was reported via a filing with the London Stock Exchange that […]

British spread betting and CFD company IG Group Holdings plc (LON:IGG) is well recognized as a very stable company among London’s long-standing electronic trading firms, and is continuing to perform in a manner that is attractive to its major shareholders and directors.

stephen_hill_0
Stephen Hill

Yesterday, it was reported via a filing with the London Stock Exchange that non-executive director Stephen Hill has purchased 2,702 shares in the company, and Head of Investor Relations Kieran McKinney has purchased 76 shares as part of the firm’s dividend reinvestment plan.

The transactions, which took place on October 30, 2015, involved Mr. Hill purchasing 2,702 shares and Mr. McKinney purchasing his 76 shares at a value of £7.5782 per share.

Whilst it has not been reported as to how many shares Mr. McKinney currently holds in IG Group, Mr. Hill’s stake in the firm is growing. Following this particular transaction, he now holds 82,779 ordinary shares in IG Group, equating to a monetary value of £623,325 at today’s value of £7.53 per share.

Mr. Hill has been a non-executive director of IG Group since April 2011, when he joined the board.

Whilst his role at IG Group is non-executive, it is very likely that many industry professionals are very familiar with his professional standing, as he was previously CEO of the Financial Times Group, and Chairman of US conglomerate Interactive Data Corporation.

Additionally, Mr. Hill was previously CEO of Betfair PLC and has held several senior execugive positions at Pearson PLC and has held board membership positions at Royal Sun Alliance Insurance Group, Psion PLC and Channel 4.

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