Intended Purchase of Shares by EBT

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

29 September 2022

IG Design Group Plc
('Design Group' or the 'Company')


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

Stewart Gilliland, Interim Executive Chair

Paul Bal, CFO

Tel: +44 (0)1525 887310

 

Canaccord Genuity Limited (Nomad and Broker)

Bobbie Hilliam

Alex Aylen - Sales

Tel:  +44 (0)20 7523 8000

 

Alma PR

Sam Modlin

Josh Royston
Pippa Crabtree

Tel:  +44 (0)20 3405 0209

designgroup@almapr.co.uk

 

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