June Felix, CEO of electronic trading major IG Group Holdings plc (LON:IGG), has acquired more shares in the broker. This becomes clear from a regulatory filing issued by IG on January 22, 2021. A transaction was carried out in respect of IG’s ordinary shares of 0.005p each.
June Felix bought a total of 6,300 shares at a price of £7.896 per share. This results in an aggregate transaction price of £49,744.80. The date of the transaction is January 22, 2021.
The report about the shares transaction was issued on the day after IG reported its financial results for the first half of fiscal year 2021. For the six month period to November 30, 2020, IG reported £416.9 million in revenue – topping the £399 million IG saw in 2H-2020 – and profits of £187.1 million, also better than the company’s previous best of £158 million seen over the previous six-month period.
Let’s also note the announcement about IG’s acquisition of US online broker tastytrade. IG paid about 10x revenues and 20x profits for tastytrade.
Let’s recall that, back in July 2020, June Felix bought 6,200 shares in a series of purchases averaging £7.429, for a total cost of £46,061.08. That transaction was made after IG announced its results for the year to end-May 2020.