IG Group Secures Court Approval for Jersey Move as FCA Approves New Listing Prospectus

Wednesday, 11/11/2026 | 14:11 GMT by Tareq Sikder
  • The firm's Jersey redomiciliation is expected to take effect on 13 November, subject to a final court filing, ahead of a 16 November listing switch.
  • The company expects £30 million in restructuring costs in 2026, including £16.4 million reported in H1.
IG Group

IG Group has received court approval for its proposed redomiciliation from England and Wales to Jersey. The move will replace its existing parent company with a new Jersey-incorporated holding company, with the transition scheduled for 13 November.

London's trading industry is coming home!

The company announced today (Wednesday) that the Court had sanctioned the scheme of arrangement to establish Jenkins Topco plc, which will be renamed IG Group Holdings plc. The new entity will become the Group's parent company.

IG Group Sets Jersey Listing Switch Date

The scheme remains conditional on delivery of the Court Order to the Registrar of Companies, which is expected at 8:00 p.m. UK time on 13 November. The restructuring follows shareholder approval at the Court Meeting and Extraordinary General Meeting on 3 September. IG Group first announced the proposal on 8 July 2026.

Under the timetable, 13 November will be the last day of dealings in the existing shares. The current share capital will then be cancelled, and new shares will be issued through the Jersey entity.

The existing shares are scheduled to be delisted from the London Stock Exchange on 16 November. Shares in the new company are expected to begin trading on the exchange 's main market at 8:00 a.m. on the same day.

FCA Approves New Listing Prospectus

IG Group has published an FCA-approved prospectus for its proposed Jersey listing, reaffirming its financial guidance issued on 2 October.

The company expects mid-single-digit revenue growth in 2026 and around £30 million in non-recurring costs, including £16.4 million reported in H1. Excluding these costs and expenses related to the proposed Underdog acquisition , its 2026 EBITDA margin is expected to be in the low-40s percentage range.

Over the medium term, IG Group targets annual organic revenue growth of at least 10%, based on its 2025 revenue of approximately £1.1 billion, and an EBITDA margin in the mid-40s. If completed, Underdog is expected to lift revenue growth but initially reduce the combined group's margin.

IG Group has received court approval for its proposed redomiciliation from England and Wales to Jersey. The move will replace its existing parent company with a new Jersey-incorporated holding company, with the transition scheduled for 13 November.

London's trading industry is coming home!

The company announced today (Wednesday) that the Court had sanctioned the scheme of arrangement to establish Jenkins Topco plc, which will be renamed IG Group Holdings plc. The new entity will become the Group's parent company.

IG Group Sets Jersey Listing Switch Date

The scheme remains conditional on delivery of the Court Order to the Registrar of Companies, which is expected at 8:00 p.m. UK time on 13 November. The restructuring follows shareholder approval at the Court Meeting and Extraordinary General Meeting on 3 September. IG Group first announced the proposal on 8 July 2026.

Under the timetable, 13 November will be the last day of dealings in the existing shares. The current share capital will then be cancelled, and new shares will be issued through the Jersey entity.

The existing shares are scheduled to be delisted from the London Stock Exchange on 16 November. Shares in the new company are expected to begin trading on the exchange 's main market at 8:00 a.m. on the same day.

FCA Approves New Listing Prospectus

IG Group has published an FCA-approved prospectus for its proposed Jersey listing, reaffirming its financial guidance issued on 2 October.

The company expects mid-single-digit revenue growth in 2026 and around £30 million in non-recurring costs, including £16.4 million reported in H1. Excluding these costs and expenses related to the proposed Underdog acquisition , its 2026 EBITDA margin is expected to be in the low-40s percentage range.

Over the medium term, IG Group targets annual organic revenue growth of at least 10%, based on its 2025 revenue of approximately £1.1 billion, and an EBITDA margin in the mid-40s. If completed, Underdog is expected to lift revenue growth but initially reduce the combined group's margin.

About the Author: Tareq Sikder
Tareq Sikder
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About the Author: Tareq Sikder
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023. At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London. Education: Honours degree Information Technology, Anfell College, London
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