Business
PLACING OF SHARES IN IG GROUP HOLDINGS PLC
PLACING OF SHARES IN IG GROUP HOLDINGS PLC.
About this update from Ig Group Holdings Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION.\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n28 August 2024\nPlacing of 6.5 million existing shares in IG Group Holdings plc (\"IG Group\" or the \"Company\")\nTom Sosnoff and Scott Sheridan (the \"Selling Shareholders\") have sold 6.5 million ordinary shares in IG Group to a limited number of institutional investors, representing approximately 1.8% of the existing share capital in the Company (the \"Placing\").\nJefferies LLC (the \"Manager\") acted as Sole Global Coordinator and Sole Bookrunner in connection with the Placing.\nSettlement of the Placing is expected on 2nd September 2024. Subject to customary exceptions or obtaining prior consent from the Manager, the Selling Shareholders will be subject to a lock up period of 90 days.\nThe Company will not receive any proceeds from the Placing.\nENQUIRIES\nJefferies\n+44 (0)207 029 8000\n \n \nIMPORTANT NOTICE\nThe publication or distribution or release of this announcement and the Placing of the Placing Shares as set out in this announcement in certain jurisdictions may be restricted by law. This announcement is for information purposes only and shall not constitute or form part of an offer to buy, sell, issue, acquire or subscribe for, or the solicitation of an offer to buy, sell, issue, acquire or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. No action has been taken that would permit an offering of such shares or possession or distribution of this announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions. \nM...