IG Group Holdings plc (LON:IGG) has announced that, following the sanction by the High Court of Justice in England and Wales of the reduction of capital by way of (i) release the Company’s merger reserve (in the amount of £300,000,000) by issuing and then cancelling the New Deferred Shares (as defined in the Circular); (ii) reduction of the Company’s share premium account by £125,747,231; and (iii) reduction of the Company’s capital redemption reserve by £3,501 on 24 June 2025, the order of the Court confirming the Reduction of Capital and a statement of capital approved by the Court, were registered by the Registrar of Companies on 26 June 2025. Accordingly, the Capital Reduction has now become effective.
Details of the Reduction of Capital were set out in the Notice of General Meeting and explanatory circular dated 12 May 2025, and the Capital Reduction was approved by the shareholders of IG Group Holdings plc at a general meeting of the Company on 29 May 2025.
The Capital Reduction does not affect the rights attached to the Ordinary Shares and there is no change in the number of Ordinary Shares in issue (or their nominal value).
