IG Design Group PLC Intended Purchase of Shares by EBT (6980W)

TIDMIGR

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 GBP2.80 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: [phone] 
  Paul Bal, Chief Executive Officer 
  Rohan Cummings, Chief Financial Officer 
 Canaccord Genuity Limited (Nomad           Tel: [phone] 
  and Broker)                                8000 
  Bobbie Hilliam 
  Sam Lucas 
 Alma Strategic Communications              Tel: [phone] 
  Rebecca Sanders-Hewett                     0205 
  Sam Modlin                                 designgroup@al mastrategic.com 
  Josh Royston 
 

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(END) Dow Jones Newswires

December 13, 2023 12:04 ET (17:04 GMT)