TIDMIGR
RNS Number : 4692G
IG Design Group PLC
30 March 2022
30 March 2022
IG Design Group plc
("Design Group", the "Company" or the "Group")
Appointment of Chief Financial Officer
IG Design Group plc, one of the world's leading designers,
innovators and manufacturers of celebrations, craft, gifting,
stationery and creative play products, is pleased to announce the
appointment of Paul Bal as Chief Financial Officer. Paul will join
the Board on 1 May 2022.
Paul joins from Stock Spirits, an international alcoholic
beverage business, where he has been CFO since 2017. Paul was
instrumental in the substantial turnaround of the then LSE-listed
Group, leveraging his experience in the management of a complex
portfolio of over 70 brands selling across 50 markets.
Qualifying as a Chartered Accountant in England & Wales in
1993 and a Fellow since 2005, Paul has had an international career.
He held several global management roles within British American
Tobacco and Rothmans International. From 2014, Paul was
Vice-President: CFO & Strategy - Europe, Africa & Middle
East at Tupperware Brands, listed on the New York Stock
Exchange.
Stewart Gilliland, Non-Executive Chairman, commented:
"We are delighted to have attracted someone of Paul's calibre to
Design Group. His wealth of experience across global consumer
markets could not be more relevant for both now and the long term
future of our Group. I look forward to working with Paul to drive
the business forward and return to delivering value for our
shareholders."
The following details in relation to the appointment of Raj Paul
Singh Bal (aged 55) are disclosed in accordance with Schedule 2(g)
of the AIM Rules:
Current directorships Past directorships held within
last 5 years
Stock Spirits Group Limited
(formerly Stock Spirits Group
plc)*
Stock Finance (Euro) Limited
Stock Finance (Zloty) Limited
Stock Spirits (UK) Limited*
Stock Finance (Koruna) Limited*
Stock Polska Sp. z.o.o.*
Stock BH d.o.o.*
Stock d.o.o.*
Tupperware International Holdings
BV
Tupperware Europe, Africa and
Middle East Sarl
-----------------------------------
*resignation effective on 31 March 2022
Paul Bal has an interest in 26,700 ordinary shares of Design
Group, representing less than 0.1 per cent. of the current issued
share capital of the Company.
There is no further information to be disclosed in relation to
Paul Bal's appointment pursuant to AIM Rule 17 or paragraph (g) of
Schedule Two of the AIM Rules for Companies.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU No. 596/2014) which is part of UK law by virtue of
the European Union (withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
For further information, please contact:
IG Design Group plc Tel: 0152 588
7310
Stewart Gilliland, Non-Executive Chairman
Canaccord Genuity Limited (Nominated Adviser Tel: 0207 523
and Broker) 8000
Bobbie Hilliam, NOMAD
Alex Aylen, Sales
Alma PR Tel: 0203 405
0205
Rebecca Sanders-Hewett
Susie Hudson
Sam Modlin
About IG Design Group plc
IG Design Group plc, the largest consumer gift packaging
business in the world, is a designer, innovator and manufacturer of
products that help people celebrate life's special occasions.
Design Group works with more than 11,000 customers in over 80
countries throughout the UK, Europe, Australia and the USA.
Its products are found in over 210,000 retail outlets, including
several of the world's biggest retailers, for example Walmart,
Target, Amazon, Costco, Lidl and Aldi. Its brand, Tom Smith, also
holds the Royal Warrant for the supply of Christmas crackers and
Christmas wrapping paper to the Royal family. Design Group is a
diverse business operating across multiple regions, categories,
seasons and brands.
Its five major product categories are: Celebrations, Gifting,
Craft & creative play, Stationery and 'Not-for-resale'
consumables. It offers customers a full end-to-end service from
design through to distribution, offering both branded and bespoke
products from the value-focused through to the higher-margin ends
of the market.
The Company was admitted to the Alternative Investment Market of
the London Stock Exchange in 1995 under the name 'International
Greetings plc' and rebranded to IG Design Group plc in 2016. For
further information please visit www.thedesigngroup.com.
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END
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