Directorate Change

RNS Number : 1225W

IG Group Holdings plc

15 April 2019

 

15 April 2019

LEI No: 2138003A5Q1M7ANOUD76

IG GROUP HOLDINGS PLC

Chairman to step down at AGM

IG Group Holdings plc ("IG", "the Group", "the Company"), a global leader in online trading, announces that Andy Green has informed the Board of his intention to step down as Chairman at IG's AGM in September 2019. 

Malcolm Le May, as Senior Independent Director will lead the Nominations Committee in the search for the next Chairman of IG.

Malcolm Le May said 'The Board would like to record its appreciation for Andy's contribution over 5 plus years. He has overseen a period of significant regulatory and business change. We thank him for his wisdom and sound counsel throughout his tenure.'

Andy Green said 'With the completion of the CEO succession, this feels like a good moment to hand over the reins. I wish all the great people of IG success. I look forward to watching the company grow and prosper under June Felix's leadership'. 

This announcement is made in accordance with Listing Rule 9.6.11.

For further information, please contact:

IG Group Investors                                         IG Group Press                                 FTI Consulting

Liz Scorer                                                          Ramon Kaur                                       Neil Doyle / Ed Berry    

020 7573 0727                                                 020 7573 0060                                  020 3727 1141 / 1046

[e-mail]                                           [e-mail]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

About IG

IG empowers informed, decisive, adventurous people to access opportunities in over 15,000 financial markets. With a strong focus on innovation and technology, the company puts client needs at the heart of everything it does.

IG's vision is to be a global leader in retail trading and investments. Established in 1974 as the world's first financial spread betting firm, it continued leading the way by launching the world's first online and iPhone trading services.

IG is an award-winning, multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex. It provides leveraged services with the option of limited-risk guarantees, and offers an execution-only share dealing service in the UK, Australia and Continental Europe. IG has recently launched a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.

It is a member of the FTSE 250, with offices across Europe, including a Swiss bank, Africa, Asia-Pacific, the Middle East and the US, where it offers on-exchange limited risk derivatives via the Nadex brand.

* Based on revenue excluding FX (from published financial statements, February 2018)

 

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