LSE admits one million IG Group shares to trading

Maria Nikolova

The admission follows an application submitted by the brokerage last week for a block listing of 1,000,000 ordinary shares of 0.005p each in IG to be admitted to LSE trading.

The London Stock Exchange has earlier today published a notice of admission to trading, with the notice concerning, inter alia, the latest block listing of shares in online trading major IG Group Holdings plc (LON:IGG).

In its notice, the LSE says 1,000,000 shares (one million) of IG’s ordinary shares of 0.005p each are admitted to trading on the LSE with effect from 8am (London time) today.

Let’s recall that, on July 24, 2019, the Board of IG Group announced that a listing application had 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 are issued and allotted under the IG Group Sustained Performance Plan and rank equally in all respects with the existing issued Ordinary Shares of the Company.

Speaking of IG’s shares, let’s note that, on July 24, 2019, IG was notified of transactions carried out in respect of its ordinary shares of 0.005p each by June Felix, Chief Executive Officer. Ms Felix purchased 25,800 Ordinary Shares at a price of £5.7656 each. This results in an aggregated price of £148,752.48. The transaction was conducted on the same day on which IG reported its preliminary results for the twelve months to the end of May 2019, with profit after tax for the period at £158.3 million, down 30% from the preceding year.

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