IG Group Holdings plc said on Wednesday it intends to establish a new holding company incorporated in Jersey, a move presented as part of a broader strategic review of the business.
The proposed reorganisation would be effected through a scheme of arrangement under the Companies Act 2006 and requires both shareholder approval and the sign-off of relevant regulators. Under the proposal, existing ordinary shareholders of IG Group Holdings plc would exchange their shares for ordinary shares in the new Jersey holding company on a one-for-one basis.
Rationale and scope
The company described the new structure as a means to achieve greater financial and strategic flexibility that better reflects its international operations. IG Group said around two-thirds of its revenue is now generated outside the UK. The firm emphasised that its shares would remain listed on the London Stock Exchange and that eligibility for existing indices would be preserved.
IG Group also stated the reorganisation would not change its UK tax residence, and that it does not expect any alteration to its effective tax rate as a result of the move. The firm added that its London presence and employees would not be affected by the change in holding company domicile.
Timeline and approvals
The company expects to publish a shareholder circular with a timetable in the third quarter of 2026. Subject to approval by the Financial Conduct Authority and certain other international financial regulators, the scheme is projected to become effective in the fourth quarter of 2026.
Operational restructuring
As part of a parallel streamlining of its operating model, IG Group plans to combine three regional commercial divisions - UK & Ireland, Europe, and APAC & Middle East - into a single commercial business unit. The group announced that Michael Healy will lead the consolidated unit as CEO of IG Consumer. These organisational changes are scheduled to take effect in the second half of 2026.
Financial performance for the half-year
IG Group said it expects to report total revenue of approximately a3643 million for the half year ended June 30, 2026, an increase of about 18% compared with the prior year. On an organic basis, total revenue is expected to be approximately a3624 million, an increase of about 16%.
Trading metrics showed notable expansion in customer activity: first trades increased by around 107% on a reported basis and 74% on an organic basis, while active customers rose by approximately 66% reported and 13% organically year-on-year.
IG Group said it continued to trade well in the second quarter of 2026 and expects full-year results to be in line with market expectations.
Guidance
The Board confirmed its 2026 guidance. It reiterated that organic total revenue excluding Freetrade and Independent Reserve is expected to grow 10-15% year-on-year from a 2025 base of approximately a31,100 million.
The reorganisation and the consolidation of commercial divisions are presented as structural changes to align the company's corporate form and operating model with its international revenue profile, while management retains its previously communicated financial outlook.