IG Design Group PLC Intended Purchase of Shares by EBT (0506B)

TIDMIGR

RNS Number : 0506B

IG Design Group PLC

29 September 2022

IG Design Group Plc

('Design Group' or the 'Company')

Intended Purchase of Shares by Employee Benefit Trust

The Company announces that APEX Financial Services (Trust Company) Limited, the trustee of the IG Design Group Plc Employee Benefit Trust (the "EBT"), has indicated its intention to make market purchases in ordinary shares of the Company for the benefit of the EBT up to a value of GBP0.94 million, to help meet future obligations arising under the Company's long-term incentive plan (the "Market Purchases").

The Market Purchases are subject to the EBT's discretion as to the purchase price, in consultation with Canaccord Genuity, the Company's broker, to be paid up to a pre-agreed maximum price per ordinary share in the Company.

It is expected that the Market Purchases will be funded by amounts advanced by the Company by way of loan, such funding having been provided for within recent public announcements as to the Company's outlook.

Further announcements will be made on completion of the Market Purchases.

For further information, please contact:

 
 IG Design Group Plc                     Tel: +44 (0)1525 887310 
  Stewart Gilliland, Interim Executive 
  Chair 
  Paul Bal, CFO 
 Canaccord Genuity Limited (Nomad        Tel: +44 (0)20 7523 
  and Broker)                             8000 
  Bobbie Hilliam 
  Alex Aylen - Sales 
 Alma PR                                 Tel: +44 (0)20 3405 
  Sam Modlin                              0209 
  Josh Royston                            designgroup@almapr.co.uk 
  Pippa Crabtree

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September 29, 2022 02:00 ET (06:00 GMT)

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