IG Design Group PLC Intended Purchase of Shares by EBT (0506B)
29 Settembre 2022 - 8:00AM
UK Regulatory
TIDMIGR
RNS Number : 0506B
IG Design Group PLC
29 September 2022
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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END
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