IG Group Holdings plc
02 October 2006
2 October 2006
IG Group Holdings plc ('IG', the 'Company' or the 'Group')
AGM Trading Update
Jonathan Davie, non-executive Chairman of IG Group Holdings plc, will make the
following statement at the Company's Annual General Meeting of shareholders to
be held at 10.30 this morning.
'The first four months of our financial year have seen continued strong
performance. Both our financial and sports businesses have enjoyed revenues and
levels of account opening substantially higher than for the equivalent period in
the previous financial year.
'Against a backdrop of continuing high rates of growth from our UK business we
continue to pursue our strategy of developing IG into a multi-national
operation. Our Australian business has recently seen a significant increase in
the rate of client recruitment, benefiting from the conclusion of an important
introducing relationship. Our Singapore office continues to recruit clients at a
satisfactory rate. Within the last month we have opened a German office and
established an Italian desk operating out of our London office. Initial
marketing has begun in both Germany and Italy and will increase over the coming
weeks. We continue to make good progress with introducers in other countries.
'In light of recent developments in the betting industry it is, perhaps, worth
re-iterating our policy of not accepting bets of any kind from US residents.
'Finally, I am pleased to welcome Steve Clutton, our new Finance Director, to
the Board today. As announced previously, Tim Howkins will now move to the role
of CEO and Nat le Roux will move to the position of non-executive Deputy
Chairman. Your Board remains confident of the Group's prospects for the current
year.'
For further information please contact:
IG Group +44 20 7896 0011
Tim Howkins, Chief Executive
Steve Clutton, Finance Director
Financial Dynamics +44 20 7269 7200
Rob Bailhache
Nick Henderson
This information is provided by RNS
The company news service from the London Stock Exchange
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