Court approves IG Group move to Jersey
Further to our report from early July that leading UK online broker IG Group (LON:IGG) intends to establish a new Group holding company incorporated in Jersey, as part of a reorganization and streamlining of its operating model, IG has announced that the Court has today made a Court Order sanctioning the Scheme.
A new Jersey company, Jenkins Topco plc (to be renamed IG Group Holdings plc, or “IG Jersey”), will become the holding company of the Group in connection with the proposed redomiciliation of its parent company from England and Wales to Jersey.
The expected timetable of principal events for the implementation of the Scheme, the delisting of the Company’s shares and the listing of IG Jersey Shares is as follows:
|
Event |
|
Time and date |
|
Publication of U.K. Prospectus |
|
11 November 2026 |
|
Last day of dealings in, and for registration of transfers of, and disablement in CREST of, IG Group Holdings Shares |
|
13 November 2026 |
|
Scheme Record Time (the time at which the record of the register of members of the Company is taken) |
|
6.30 p.m. UK time on 13 November 2026 |
|
Scheme Effective Time (the time at which the Scheme becomes effective in accordance with its terms) |
|
8.00 p.m. UK time on 13 November 2026 |
|
Cancellation of the entire existing share capital of IG Group Holdings, issuance of new shares in IG Group Holdings to IG Jersey and issuance of IG Jersey Shares to IG Group Holdings Shareholders |
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After 8.00 p.m. UK time on 13 November 2026 |
|
De-listing of IG Group Holdings Shares |
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8.00 a.m. UK time on 16 November 2026 |
|
Admission of the entire issued share capital of IG Jersey to the Equity Shares (Commercial Companies) Category on the Official List and to trading on the London Stock Exchange’s main market for listed securities, being the Listing Effective Time |
|
8.00 a.m. UK time on 16 November 2026 |
|
Despatch of cheques and/or crediting of CREST accounts of Scheme Shareholders with any cash due in relation to the sale of Overseas Shareholders entitlements (if applicable) |
|
No later than 14 days after the Listing Effective Time |
Board of Director Changes
Further to the announcement on 30 October regarding the appointment of Kathleen DeRose as an independent Non-Executive Director of IG Jersey on the date the Scheme becomes effective, from 13 November 2026, the Board of IG Jersey will comprise Andrew Barron, Clifford Abrahams, Breon Corcoran, Jonathan Moulds, Rakesh Bhasin, Andrew Didham, Marieke Flament, Wu Gang, Sally-Ann Hibberd, Susan Skerritt, Helen Stevenson and Kathleen DeRose.
