29 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 150,962 Ordinary Shares of 5 pence each in the Company ("Ordinary Shares") at an average price of 140.0p per Ordinary Share on 26 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 2,666,208 Ordinary Shares are held by the EBT, representing approximately 2.71 per cent of the Company's total voting rights.
For further information, please contact:
| IG Design Group Plc Paul Bal, Chief Executive Officer Rohan Cummings, Chief Financial Officer | Tel: +44 (0)1525 887310
|
| Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Alex Orr | Tel: +44 (0)20 7523 8000
|
| Alma PR Rebecca Sanders-Hewett Sam Modlin Josh Royston
| Tel: +44 (0)20 3405 0209 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
