Statement re Worldspreads Limited

RNS Number : 6059Z

IG Group Holdings plc

19 March 2012

 



19 March 2012

IG GROUP HOLDINGS PLC
Statement re Worldspreads Limited

IG Group Holdings plc ("IG" or the "Group") notes that Worldspreads Limited ("Worldspreads") has appointed Joint Special Administrators following the identification of a material shortfall in client money.

The Group has no direct financial exposure to Worldspreads.  Worldspreads had a UK market share of approximately 3%, compared to the Group's share of 41%, according to the most recently available market research.  

IG Group fully segregates all individual client funds, even where regulation permits otherwise and does not utilise client money for its own purposes.

For further information please contact:

IG Group 020 7896 0011

Tim Howkins, Chief Executive

Chris Hill, Chief Financial Officer

FTI Consulting

Neil Doyle 020 7269 7237
Ed Berry 020 7269 7297

 

END

 

 

MSCUKUARUNAOAAR