REG - IG Design Group PLC - Intended Purchase of Shares by EBT

IG DesignAnnouncement

29/09/2022 07:01

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RNS Number : 0506B  IG Design Group PLC  29 September 2022

29 September 2022

IG Design Group Plc

('Design Group' or the 'Company')

Intended Purchase of Shares by Employee Benefit Trust

The Company announces that APEX Financial Services (Trust Company) Limited,
the trustee of the IG Design Group Plc Employee Benefit Trust (the "EBT"),
has indicated its intention to make market purchases in ordinary shares of the
Company for the benefit of the EBT up to a value of £0.94 million, to help
meet future obligations arising under the Company's long-term incentive plan
(the "Market Purchases").

The Market Purchases are subject to the EBT's discretion as to the purchase
price, in consultation with Canaccord Genuity, the Company's broker, to be
paid up to a pre-agreed maximum price per ordinary share in the Company.

It is expected that the Market Purchases will be funded by amounts advanced by
the Company by way of loan, such funding having been provided for within
recent public announcements as to the Company's outlook.

Further announcements will be made on completion of the Market Purchases.

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

 Alex Aylen - Sales
 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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