19 sep 25   ig group hldgs plc - acquisition of independent reserve ig group holdings plc | igg | 1,104 13.3 1.2% | mkt cap: 3,839m    rns number : 0371a ig group holdings plc 19 september 2025   19 september 2025 lei no: 2138003a5q1m7anoud76  ig group holdings plc acquisition of independent reserve ig group holdings plc ("ig", "the group") is pleased to announce the acquisition of independent reserve, a leading cryptocurrency exchange based in australia, for an initial enterprise value of a$178.0m (£86.8m)1. the bolt-on transaction accelerates ig's entry into cryptocurrency markets in the asia pacific region and brings a talented team of crypto-native specialists to the group. it complements the strategic progress we have made to enhance our crypto offerings organically in the uk and us. the deal follows an extensive assessment of the cryptocurrency exchange sector and aligns with ig's acquisition framework which evaluates opportunities based on strategic alignment, deliverability and financial returns. matt macklin, managing director of asia pacific & middle east at ig, commented: "this acquisition marks an important step in ig's crypto strategy in a key region. independent reserve is one of australia's largest and fastest-growing digital asset exchanges with established regulatory foundations, proven technology and strong leadership. i am delighted that the independent reserve team will join ig as they embark on their next phase of growth." adrian przelozny, ceo and co-founder of independent reserve, said: "joining ig provides us with the platform to accelerate our growth. ig's vision aligns with our mission to provide secure, regulated crypto trading and this transaction will enable us to expand our product and market reach." strategic rationale for the transaction acquisition closes a key product gap in a priority region ·    independent reserve offers trading in 34 digital assets in multiple currencies, serving retail and institutional customers, with permissions to operate in australia and singapore. the transaction gives ig immediate access to these markets and provides optionality to expand the offering across the asia pacific and middle east regions. ·    the leadership team and employees will remain with independent reserve, and retain a collective 30% shareholding at completion, bringing strong crypto-native expertise to lead future propositions at ig. following completion, the group will retain independent reserve's brand and integrate its product into ig's trading platforms, initially in australia and singapore. strong financial profile and growth momentum ·    independent reserve has strong growth momentum, with revenue in the 12-months ending 30 june 2025 of a$35.3m (£17.7m), increasing 88% on the previous fiscal year and representing a cagr of 70% over the prior two years. approximately 76% of revenue was generated in australia and 24% in singapore. ebitda in the 12-months ending 30 june 2025 was a$9.9m (£5.0m)2. ·    independent reserve had c.11,600 average monthly active customers3 in the 12-months ending 30 june 2025, up 60% on the previous fiscal year and representing a cagr of 60% over the prior two years. key transaction terms and outlook ·    ig will acquire independent reserve for an initial enterprise value of a$178.0m (£86.8m)1 representing a multiple of 5.0x revenue for the 12-months ending 30 june 2025. ·    ig will acquire an initial 70% of independent reserve for a consideration of a$109.6m (£53.4m), excluding the group's expected share of acquired surplus cash of a$8.4m (£4.1m). an additional payment of a$15.0m (£7.3m) is contingent on performance in fy26, taking the consideration for 70% ownership to a$124.6m (£60.8m)1. ·    ig has a call option to purchase the 30% stake that it will not own at closing, with valuation based on performance in fy27 and fy284. ·    completion is subject to regulatory approvals from mas in singapore and firb in australia and currently expected in early 2026. ·    the acquisition is expected to be cash eps accretive in the first full financial year post-closing (fy27) and achieve a return on invested capital in excess of the group's weighted average cost of capital in years three to five (fy29-31). transaction complements ig's organic crypto rollout the acquisition of independent reserve complements the strategic progress ig has made to enhance its crypto propositions in the uk and us. in the uk, the group launched spot crypto trading in may 2025, becoming the first uk-listed company to provide the product to retail investors. launched in partnership with uphold, the offering includes 35 coins and is fully integrated across the ig platform and ig invest app. in the us, tastytrade has expanded its product range to 23 coins and enabled stablecoin account funding for investors across multiple blockchain networks. this innovative funding method allows tastytrade customers around the world to fund their brokerage accounts with stablecoins, 24/7/365, powered by zero hash, the leading on-chain infrastructure provider. reporting calendar as previously announced, ig will issue a q1 fy26 trading update on 25 september.   notes: 1.  exchange rate as at 17 september 2025 of 0.49. 2.  average exchange rate for the 12-months ending 30 june 2025 of 0.50. 3.  active customers classified as customers that opened or closed a position during a month. counts are averages of monthly active customers in the relevant fiscal year. 4.  enterprise value of a$124.6m (£60.8m) for a 70% stake at closing, including deferred consideration of a$15.0m (£7.3m) payable based on performance in fy26. enterprise value for the 30% stake that ig does not own at closing capped at a$160.5m (£78.3m), resulting in a maximum total enterprise value payable for 100% ownership of up to a$285.1m (£139.0m) in the event of strong outperformance versus the base case business plan in fy27 and fy28.     enquiries   ig group investor relations martin price 020 7573 0020 investors@iggroup.com   media sodali & co 020 7100 6451 iggroup@client.sodali.com   disclaimer - forward-looking statements this statement, prepared by ig may contain forward looking about ig and its subsidiaries. such forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "projects", "estimates", "plans", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other various or comparable terminology. forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are beyond ig's control and are based on the group's beliefs and expectations about future events as of the date the statements are made. if the assumptions on which the group bases its forward-looking statements change, actual results may differ from those expressed in such statements. there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including those set out under "principal risks" in the group annual report for the financial year ended 31 may 2025. the annual report can be found on ig's website (www.iggroup.com). forward-looking statements speak only as of the date they are made. except as required by applicable law and regulation, ig undertakes no obligation to update these forward-looking statements. no profit forecasts or estimates no statement in this announcement is intended as a profit forecast or estimate for any period and should not be construed as such. about ig ig group (lseg:igg) provides online trading platforms and educational resources to empower ambitious customers around the globe. headquartered in the uk, ig group is a ftse 250 company that offers customers access to c.19,000 financial markets worldwide.     appendix i additional unaudited financial information on independent reserve1   12-months to 30 june (a$, unless stated) fy23 fy24 fy25         revenue (m) 12.2 18.8 35.3 ebitda (m) (1.6) 2.3 9.9 ebitda margin nm 12.2% 28.2%     assets under custody (bn) 0.6 1.0 1.7 funded accounts ('000)2 81.0 96.1 129.4 average monthly active customers ('000)3 4.5 7.3 11.6 notes: 1. unaudited financial information based on independent reserve accounting policies 2. accounts holding a cash or crypto balance at the end of the relevant period 3. active customers classified as customers trading at least once in a month, with average monthly active customers representing the average of monthly counts in the relevant fiscal year     this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   acqpkcbdpbkkccd return to news summary

Label: Gesunken