REG - IG Design Group PLC - Completion of Distribution Facility Sale

IG DesignAnnouncement

12/03/2025 07:00

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RNS Number : 3435A  IG Design Group PLC  12 March 2025

 

12 March 2025

 

IG Design Group plc

(the 'Company' or 'Design Group')

COMPLETION OF DISTRIBUTION FACILITY SALE

IG Design Group plc announces that its subsidiary, Berwick Offray LLC, has
yesterday completed the sale of its former distribution facility at 20 Union
Lane, Bloomsburg, Pennsylvania, U.S.A. to Union PA Holdings LLC Limited for
$8.4 million. The carrying value of the site was $2.9 million and the sale
will realise a profit of $4.9 million (after $0.6m of selling costs and
taxes).

 

For further information, please contact:

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

 Paul Bal, Chief Executive Officer

 Rohan Cummings, Chief Financial Officer

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

 Bobbie Hilliam

 Harry Pardoe

 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 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain.

 

 

 

 

 

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