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

IG DesignAnnouncement

13/12/2023 17:15

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RNS Number : 6980W  IG Design Group PLC  13 December 2023

13 December 2023

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 £2.80 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.

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

 Paul Bal, Chief Executive Officer

 Rohan Cummings, Chief Financial Officer

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

 Bobbie Hilliam

 Sam Lucas

 Alma Strategic Communications                 Tel:  +44 (0)20 3405 0205

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

                                             (mailto:designgroup@almastrategic.com)
 Sam Modlin

 Josh Royston

 

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