TIDMIGR

RNS Number : 5318J

IG Design Group PLC

03 April 2018

3 April 2018

IG Design Group plc

(the "Company", the "Group" or "Design Group")

Sale of Property

IG Design Group plc, one of the world's leading designers, innovators and manufacturers of gift packaging, greetings, stationery, creative play products and giftware, is pleased to announce the completion on 29 March 2018 of the sale of one of its sites in Wales for GBP2.5 million.

The site represented excess warehousing capacity for the UK business and following the sale the Group will consolidate operations across its other facilities driving further improvements in operating efficiency.

The site was under a five year option granted by the Group to a power company in 2013 and on 15 February 2018 the power company exercised the option. As a result of the sale, the Group expects to report an exceptional gain in the financial year to 31 March 2018 of between GBP1.1 - GBP1.3 million.

The Company will provide its year end trading update week commencing 16(th) April 2018.

- Ends -

For further information, please contact:

   IG Design Group plc                                       Tel: 01525 887310

Paul Fineman, Chief Executive

Giles Willits, Chief Financial Officer

   Cenkos Securities plc                                     Tel: 0207 397 8900

Bobbie Hilliam

   Alma PR                                                            Tel: 0203 865 9667 
   Rebecca Sanders-Hewett                                  designgroup@almapr.co.uk

Susie Hudson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 03, 2018 02:01 ET (06:01 GMT)

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