REG - IG Design Group PLC - Board Changes

IG DesignAnnouncement

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RNS Number : 6657N  IG Design Group PLC  20 June 2025

20 June 2025

IG Design Group plc

(the 'Group' or 'Design Group')

Board Changes

Following the successful disposal of its DG Americas division, IG Design Group
plc, one of the world's leading designers, innovators and manufacturers across
various celebration and creative categories, announces that Paul Bal is
stepping down from his role as CEO with immediate effect. Current Chair
Stewart Gilliland will assume the role of Executive Chair on an interim basis,
with the support of the broader executive team, until a permanent replacement
has been found.

Stewart Gilliland, Interim Executive Chair, commented: "We would like to thank
Paul for his commitment to the Group since 2022 and his hard work to deliver
the transformation of the Group, which has dominated much of his tenure. The
Board would like to formally acknowledge and thank Paul for his role in the
recent successful divestiture of DG Americas at an important point of the
Group's seasonal peak working capital period, which has protected the wider
Group from further financial and operational impact.  We wish Paul all the
very best in his next endeavours."

Paul Bal commented: "When I joined the Group just over three years ago, it was
clear that there were strong relationships with customers, great products and
a committed team - all of which remain today, notwithstanding the challenges
faced and the transformation that was needed. I leave the business with my
best wishes, pleased that we have protected the wider business with the
disposal of DG Americas and knowing that the focus of the team and the Board
is firmly on driving the success of DG International."

 

As previously announced, the Group expects the publication of its audited
financial results for the financial year ending 31 March 2025 ("FY25") to be
later than under its usual reporting timetable. A further announcement will be
made on the FY25 reporting date in due course.

 

For further information, please contact:

 IG Design Group Plc                            Tel: +44 (0)1525 887310

 Stewart Gilliland, Interim Executive Chair

 Rohan Cummings, Chief Financial Officer

 Canaccord Genuity Limited (Nomad and Broker)   Tel: +44 (0)20 7523 8000

 Bobbie Hilliam

 Elizabeth Halley-Stott

 Alma Strategic Communications                  Tel: +44 (0)20 3405 0209

 Rebecca Sanders-Hewett                         designgroup@almastrategic.com (mailto:designgroup@almastrategic.uk)

 Sam Modlin

 Will Merison

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 (which forms part of domestic UK law
pursuant to the European Union (Withdrawal) Act 2018 ("UK MAR"). With the
publication of this announcement, this information is now considered to be in
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