Hulk Hogan, wrestling icon, dies at 71 in Florida home
LONDON - IG Group Holdings plc (LSEG:IGG), the UK-based online trading company, announced it will hold a General Meeting to discuss a proposed capital reduction aimed at increasing the company’s distributable reserves. The meeting is scheduled for 10 a.m. on May 29, 2025, at Cannon Bridge House in London.
The capital reduction, detailed in an explanatory circular now available on the company’s website, is designed to provide IG Group with greater flexibility for future profit distributions and share repurchases. The proposal involves capitalizing the merger reserve and reducing capital, which would not alter the rights associated with ordinary shares or change their number or nominal value.
Shareholders must pass a special resolution at the upcoming General Meeting for the capital reduction to proceed. Subsequent court approval is required, with a final hearing expected on June 24, 2025.
IG Group, a FTSE 250 company, operates online trading platforms and offers educational resources to clients worldwide, providing access to approximately 19,000 financial markets.
The company’s forward-looking statements indicate plans for future growth and performance but are based on current expectations and assumptions, not historical data. These projections are subject to change due to various factors.
The announcement, which is based on a press release statement, also included standard contact information for investor relations and media inquiries.
The Financial Conduct Authority has received a copy of the circular, which will soon be accessible through the National Storage Mechanism, in compliance with UK Listing Rule 6.4.1.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.