REG - IG Design Group PLC - EBT Share Purchase

IG DesignAnnouncement

30/09/2022 09:45

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RNS Number : 3371B  IG Design Group PLC  30 September 2022

30 September 2022

IG Design Group Plc

('Design Group' or the 'Company')

EBT Share Purchase

Further to the announcement made on 29 September 2022, the Company was
notified that APEX Financial Services (Trust Company) Limited, the trustee of
the IG Design Group Plc Employee Benefit Trust (the "EBT"), had purchased
1,000,000 Ordinary Shares of 5 pence each in the Company ("Ordinary Shares")
at an average price of 77.50 pence per Ordinary Share on 29 September 2022.
These Ordinary Shares are to be held in the EBT and are intended to be used to
satisfy the exercise of share options by employees. The EBT is a discretionary
trust for the benefit of the Company's employees, including the Directors of
the Company. The purchase of Ordinary Shares by the EBT has been funded by a
loan provided by the Company from its existing financing facilities.

Following this transaction, a total of 1,031,208 Ordinary Shares are held by
the EBT, representing approximately 1.05 per cent of the Company's total
voting rights.

For further information, please contact:

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

 Stewart Gilliland, Interim Executive Chair

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

 Bobbie Hilliam

 Gerel Bastin
 Alma PR                                       Tel:  +44 (0)20 3405 0209

 Sam Modlin                                    designgroup@almapr.co.uk (mailto:designgroup@almapr.co.uk)

 Josh Royston

 Pippa Crabtree

 

 

 

 

 

 

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