2nd Oct 2006 07:01
IG Group Holdings plc02 October 2006 2 October 2006 IG Group Holdings plc ("IG", the "Company" or the "Group") AGM Trading Update Jonathan Davie, non-executive Chairman of IG Group Holdings plc, will make thefollowing statement at the Company's Annual General Meeting of shareholders tobe held at 10.30 this morning. "The first four months of our financial year have seen continued strongperformance. Both our financial and sports businesses have enjoyed revenues andlevels of account opening substantially higher than for the equivalent period inthe previous financial year. "Against a backdrop of continuing high rates of growth from our UK business wecontinue to pursue our strategy of developing IG into a multi-nationaloperation. Our Australian business has recently seen a significant increase inthe rate of client recruitment, benefiting from the conclusion of an importantintroducing relationship. Our Singapore office continues to recruit clients at asatisfactory rate. Within the last month we have opened a German office andestablished an Italian desk operating out of our London office. Initialmarketing has begun in both Germany and Italy and will increase over the comingweeks. We continue to make good progress with introducers in other countries. "In light of recent developments in the betting industry it is, perhaps, worthre-iterating our policy of not accepting bets of any kind from US residents. "Finally, I am pleased to welcome Steve Clutton, our new Finance Director, tothe Board today. As announced previously, Tim Howkins will now move to the roleof CEO and Nat le Roux will move to the position of non-executive DeputyChairman. Your Board remains confident of the Group's prospects for the currentyear." For further information please contact: IG Group +44 20 7896 0011 Tim Howkins, Chief ExecutiveSteve Clutton, Finance Director Financial Dynamics +44 20 7269 7200 Rob BailhacheNick Henderson This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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