IG Design Group PLC EBT Share Purchase (3579A)

TIDMIGR

RNS Number : 3579A

IG Design Group PLC

22 January 2024

22 January 2024

IG Design Group Plc

('Design Group' or the 'Company')

EBT Share Purchase

Further to the announcement made on 13 December 2023, 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 749,038 Ordinary Shares of 5 pence each in the Company ("Ordinary Shares") at an average price of 140.0p per Ordinary Share on 15 January 2024. 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 2,515,246 Ordinary Shares are held by the EBT, representing approximately 2.56 per cent of the Company's total voting rights.

For further information, please contact:

 
 IG Design Group Plc                        Tel: [phone] 
  Paul Bal, Chief Executive Officer 
  Rohan Cummings, Chief Financial Officer 
 Canaccord Genuity Limited (Nomad           Tel: [phone] 
  and Broker)                                8000 
  Bobbie Hilliam 
  Alex Orr 
 Alma PR                                    Tel: [phone] 
  Rebecca Sanders-Hewett                     0209 
  Sam Modlin                                 [e-mail] 
  Josh Royston 
 

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January 22, 2024 02:00 ET (07:00 GMT)