Directorate ChangeSource: RNS
IG Group Holdings plc
LEI No: 2138003A5Q1M7ANOUD76
28 October 2020
Directorate Change and Change of Chair of Audit Committee
The Board of IG Group Holdings plc (the "Company"), a global leader in online trading, has today received notice from Jim Newman of his intention to retire as a Non-Executive Director of the Company and Chairman of the Audit Committee on 30 December 2020. Jim Newman will also retire from his other committee responsibilities on 30 December 2020. Andrew Didham will assume the responsibilities of the role of Chair of the Audit Committee on that date*.
Commenting on the changes, Company Chairman Mike McTighe said: "I'd like to thank Jim for his significant contribution to the Board since his appointment in October 2013 and for fulfilling the role of Chairman of the Audit Committee since October 2014 which he has done with considerable dedication, skill and professionalism. We wish him every success for the future. I'd also like to welcome Andrew to his new role as Chair of the Audit Committee."
* this is subject to regulatory approval in respect of IG Index Limited and IG Markets Limited.
This announcement is made in accordance with Listing Rule 9.6.11.
For further information, please contact:
Liz Scorer, Head of Investor Relations 0044 20 7573 0727
Ramon Kaur, Head of Communications 0044 20 7573 0060
Ed Berry 0044 20 3727 1141 / 1046
IG empowers informed, decisive, adventurous, people to access opportunities in over 17,000 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 provide the world's best trading experience. Established in 1974 as one of the world's first providers of financial derivatives to retail traders, it continued leading the way by launching the world's first online and iPhone trading services.
IG is an award-winning, multi-product trading company which allows retail, professional and institutional clients to trade 24 hours a day, 7 days a week*. IG is 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 stock trading service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has a range of affordable, fully managed investment portfolios, which provide a comprehensive offering to investors and active traders.
IG is a member of the FTSE 250, with offices across Europe, including a Swiss bank, Africa, Asia-Pacific, the Middle East and North America. IG Group Holdings plc holds a long-term investment grade credit rating of BBB- with a stable outlook from Fitch Ratings.
*Excluding 10pm Friday (GMT) to 8am Saturday (GMT)
** Based on revenue excluding FX (from published financial statements, June 2020)