IG Group intends to establish new Group holding company incorporated in Jersey, to streamline operating model

Electronic trading major IG Group Holdings plc (LON:IGG) has announced a proposal to establish a new Group holding company, incorporated in Jersey, subject to shareholder and regulatory approval. The new structure is designed to provide greater financial and strategic flexibility and to better reflect the Group’s international footprint, with roughly two-thirds of revenue now generated outside the UK. The proposal will not alter IG’s listing on the London Stock Exchange, its UK tax residence, or its London operations.

The reorganisation will be implemented via a Court-approved scheme of arrangement. Shareholders will exchange their IG Group Holdings plc shares for New HoldCo shares on a one-for-one basis, with IG Group Holdings plc becoming a sub-group of New HoldCo while remaining the head of the FCA-supervised regulatory group. A shareholder circular is expected in Q3 2026, and the scheme is anticipated to become effective in Q4 2026, pending approvals from the FCA and other international regulators.

In tandem with the holding company change, IG is streamlining its operating model by merging three regional commercial divisions—UK & Ireland, Europe, and APAC & Middle East—into a single commercial business unit. Michael Healy will lead this division as CEO, IG Consumer, with customer-facing technology, operations, and Independent Reserve moving into the unit alongside Freetrade. North America and Institutional will remain separate business units, led respectively by Michael Vaughan and Andy Biggs. These changes take effect in H2 2026.

The Group expects H1 2026 total revenue of approximately £643 million, up 18% year-on-year, with organic total revenue of approximately £624 million, up 16%. First trades surged 107% on a reported basis and 74% organically, while active customers rose 66% and 13%, respectively. The Board reiterated its 2026 guidance, forecasting organic total revenue growth of 10-15% from a 2025 base of about £1,100 million, EBITDA margins in the mid-40s percent range, and net interest income of £110-120 million. Beyond 2026, the Board is confident in compounding organic revenue at least 10% annually with sustained EBITDA margins.

The strategic review also includes evaluating acquisitions, listing venues, and potential combinations with industry peers to maximise shareholder value. IG will report its H1 2026 results on 31 July 2026.