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 Jenkins Topco plc, which will be renamed IG Group Holdings plc. The new entity will become the Group’s parent company.

IG Group Sets Jersey Listing Switch Date

The scheme remains conditional on delivery of the Court Order to the Registrar of Companies, which is expected at 8:00 p.m. UK time on 13 November. The restructuring follows shareholder approval at the Court Meeting and Extraordinary General Meeting on 3 September. IG Group first announced the proposal on 8 July 2026.

Under the timetable, 13 November will be the last day of dealings in the existing shares. The current share capital will then be cancelled, and new shares will be issued through the Jersey entity.

The existing shares are scheduled to be delisted from the London Stock Exchange on 16 November. Shares in the new company are expected to begin trading on the exchange‘s main market at 8:00 a.m. on the same day.

FCA Approves New Listing Prospectus

IG Group has published an FCA-approved prospectus for its proposed Jersey listing, reaffirming its financial guidance issued on 2 October.

The company expects mid-single-digit revenue growth in 2026 and around £30 million in non-recurring costs, including £16.4 million reported in H1. Excluding these costs and expenses related to the proposed Underdog acquisition, its 2026 EBITDA margin is expected to be in the low-40s percentage range.

Over the medium term, IG Group targets annual organic revenue growth of at least 10%, based on its 2025 revenue of approximately £1.1 billion, and an EBITDA margin in the mid-40s. If completed, Underdog is expected to lift revenue growth but initially reduce the combined group’s margin.

This article was written by Tareq Sikder at www.financemagnates.com.Retail FXRead More

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