IG applies for additional listing of one million ordinary shares

Maria Nikolova

A listing application has been made to The London Stock Exchange for a block listing of 1,000,000 ordinary shares of 0.005p each in IG Group.

The Board of electronic trading major IG Group Holdings plc (LON:IGG) announces that a listing application has today been made to the Financial Conduct Authority and to The London Stock Exchange for a block listing of 1,000,000 ordinary shares of 0.005p each in IG to be admitted to the premium listing section of the Official List of the UK Listing Authority and admitted to trading on the main market of The London Stock Exchange.

The Ordinary Shares will be issued and allotted under the IG Group Sustained Performance Plan and will rank equally in all respects with the existing issued Ordinary Shares of the Company.

It is expected that admission will become effective on or around July 29, 2019.

On Tuesday, July 23, 2019, IG Group posted its preliminary results for the twelve months to the end of May 2019, with the numbers revealing a drop in revenues and profits. Profit after tax for the period was £158.3 million, down 30% from the preceding year.

Total operating costs for the year to May 31, 2019 amounted to £284.3 million, down 2% from the year before. Operating profit was £192.9 million, down 31% from £281.1 million registered in FY18.

The Group’s net trading revenue in FY19 was £476.9 million, 16% lower than the £569 million in FY18. This result is in line with previous guidance. Revenue generated from clients in the ESMA region in FY19 was 26% lower than in FY18, with 2% growth in revenue from clients in the Group’s businesses in the rest of the world.

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