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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ig Design Group Plc | LSE:IGR | London | Ordinary Share | GB0004526900 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 9.00 | 4.48% | 210.00 | 205.00 | 215.00 | 210.00 | 201.00 | 201.00 | 39,843 | 09:35:08 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Convrt Paper,paperbd Pds,nec | 890.31M | -27.99M | -0.2829 | -7.42 | 198.84M |
From Jul 2019 to Jul 2024
TIDMIGR
RNS Number : 1805Z
International Greetings PLC
04 February 2014
4(th) February 2014
International Greetings PLC (the "Group")
Completion of sale of non-licensed division of Alligator Books
International Greetings PLC, one of the world's leading designers, manufacturers, importers and distributors of gift packaging and greetings, stationery and creative play products announces the completion of the sale, to management, of the non-licensed segment of Alligator Books. Alligator Books is a trading division of International Greeting's UK based subsidiary business Anker; Anker will retain and develop the larger, licensed segment of Alligator Books.
The transaction, comprising the sale of the business IP and assets of the non-licensed segment of Alligator Books, will result in an immediate cash inflow of GBP0.6m, with a further opportunity of phased payments totaling up to GBP0.5m to be received by the end of January 2015.
The transaction will have a modest impact on the Group's short term profitability, mitigated by synergy benefits within Anker. Under the terms of the transaction, the Group will provide logistics services to the Purchaser, for a minimum period of 3 years. This is expected to generate over GBP1m of revenue during the period, also therefore mitigating otherwise potentially lost contribution. Additionally, agreement has also been reached with the Purchaser for the Group to cost effectively utilise intellectual property within the non-licensed division in markets outside of the UK.
The sale of the non-licensed segment reflects the Group's strategy to focus on product categories with scope for profitable growth and ongoing commitment to reduce debt and improve leverage.
- Ends-
For further information, please contact: International Greetings plc Tel: 01525 887310 Paul Fineman, Chief Executive Anthony Lawrinson, Chief Financial Officer Cenkos Securities plc Tel: 0207 397 8900 Bobbie Hilliam FTI Consulting Tel: 020 7831 3113 Jonathon Brill Georgina Goodhew
This information is provided by RNS
The company news service from the London Stock Exchange
END
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