Monday 19 March, 2012
IG Group Hldgs plc
Statement re Worldspreads Limited
RNS Number : 6059Z
IG Group Holdings plc
19 March 2012
19 March 2012
IG GROUP HOLDINGS PLC
Statement re Worldspreads Limited
Statement re Worldspreads Limited
IG Group Holdings plc ("IG" or the "Group") notes that Worldspreads Limited ("Worldspreads") has appointed Joint Special Administrators following the identification of a material shortfall in client money.
The Group has no direct financial exposure to Worldspreads. Worldspreads had a UK market share of approximately 3%, compared to the Group's share of 41%, according to the most recently available market research.
IG Group fully segregates all individual client funds, even where regulation permits otherwise and does not utilise client money for its own purposes.
For further information please contact:
IG Group 020 7896 0011
Tim Howkins, Chief Executive
Chris Hill, Chief Financial Officer
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