Purchasing ordinary shares was performed beneath IG’s Share Incentive Plan (SIP) maintained by the trustees of the SIP, as a portion of the provider’s dividend reinvestment plan. John Austin acquired 127 shares, whereas Paul Mainwaring purchased 36 stocks.
IG was advised on March 7, 2019 of trades carried out in regard to the corporation’s ordinary shares of 0.005p each by Persons Discharging Managerial Responsibilities (PDMRs). On March 5, 2019, IG’s Chief Strategy Officer John Austin and also IG’s Chief Financial Officer Paul Mainwaring bought shares in the broker.
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The purchase price of each share has been #5.858, which leads to an aggregated cost of #99,579.38. This was not the first time that June Felix purchased IG shares following her appointment as Group CEO. On October 30, 2018, she also bought 17,000 shares in IG Group.
Online trading major IG Group Holdings plc (LON:IGG) has reported recent transactions in its own stocks by its own management.
IG has seen some exciting business progress lately. On February 27, 2019, the agent declared the launching of IG US, its own US-based subsidiary offering international exchange trading. IG US clients can exchange over 80 currency pairs, with competitive spreads. The IG platform incorporates news feeds and live TV with real time graphs constructed with HTML5 technology. IG also has its own native mobile apps for iOS along with Android devices and supports MT4.