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Pin to quick picksDesign Group Share News (IGR)

Share Price Information for Design Group (IGR)

London Stock Exchange
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Share Price: 232.50
Bid: 230.00
Ask: 235.00
Change: 0.50 (0.22%)
Spread: 5.00 (2.174%)
Open: 232.50
High: 233.00
Low: 233.00
Prev. Close: 232.50
IGR Live PriceLast checked at -

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AIM WINNERS & LOSERS: Universe doubles after takeover agreement

Tue, 23rd Nov 2021 10:53

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Universe Group PLC, more than doubled to 11.18 pence, 12-month range 3.25p-11.18p. Agrees deal for takeover by Inform Information Systems Ltd, a wholly-owned subsidiary of Professional DataSolutions Inc. IISL will pay 12p per share for Universe, valuing company at GBP33.1 million. Acquisition price sharply higher than 5.25p closing price on Monday. Universe board unanimously backs deal. "In order to maximise its future potential, PDI believes that Universe will be better suited to a private company environment. This will release Universe from the costs associated with being a listed company as well as short term financial reporting. Further, with appropriate support and assistance from PDI, Universe will be able to concentrate on long term organic growth and strengthen its client proposition," Professional DataSolutions says.

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IG Design Group PLC, up 6.2% at 248.45 pence, 12-month range 224.00p-646.00p. Pretax profit in six months to September 30 rises to USD18.9 million from USD17.1 million. Revenue in first half improves to USD483.9 million from USD434.6 million. Interim dividend drops to 1.25 pence from 3.0p. Notes increased demand with order book at the end of October at 91% of full-year forecast, higher than this time last year. Remains on track to fully recoup the revenues delayed from the first half in the second half of the year.

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AIM - LOSERS

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Transense Technologies PLC, down 5.9% at 104.00 pence, 12-month range 50.00p-122.50p. Says revenues in the financial year to date in line with internal expectations and ahead of the level achieved in the equivalent period last year. Notes company was profitable in period from year-end at June 30 to October 31. "The board is pleased with overall progress and optimistic about the outlook for the full year and beyond," company says. Also appoints Nick Hopkins as chief operating officer and Ryan Maughan as business development director.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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