Sigma Capital Group PLC Recommended offer for i-design group plc (8434X)

TIDMSGM TIDMIDG

RNS Number : 8434X

Sigma Capital Group PLC

14 February 2013

AIM: SGM

SIGMA CAPITAL GROUP PLC

("Sigma" or "the Group")

Recommended offer for i-design group plc

Sigma, the property and urban regeneration specialist, notes the announcement yesterday by i-design group plc ("i-design") of a recommended cash offer for the company at a price of 60p per share, with irrevocable undertakings to accept the offer having been received from holders of approximately 62.2 per cent. of the existing issued share capital of i-design which includes those holdings controlled by Sigma. At 31 December 2012, Sigma's direct holding in i-design and its indirect holdings through its venture funds were valued at the then bid price of 26p per share. Assuming successful completion of the recommended offer, Sigma's direct and indirect holdings will generate cash receipts to Sigma of c. GBP0.2m and profit of c. GBP0.1m.

Enquiries

 
 Sigma Capital Group   Graham Barnet, Chief          T: 0131 220 9444 
  plc                   Executive 
                        Marilyn Cole, Finance 
                        Director 
 
 Biddicks              Katie Tzouliadis/ Alex        T: 020 3178 6378 
                        Shilov 
 
 N+ 1 Singer           James Maxwell/ Nick Donovan   T: 020 7496 3000 
 

Company website: www.sigmacapital.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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