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Capital Reduction Update

4 Mar 2026 12:15

RNS Number : 3439V
IG Design Group PLC
04 March 2026
 

4 February 2026

IG Design Group plc

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

Capital Reduction Update

The board of directors of IG Design Group plc is pleased to announce that the reduction of capital (the "Capital Reduction") required to effect the cancellation of the Capital Reduction Shares issued by the Company prior to the Court Hearing together with share premium and the capital redemption reserve was approved on 3 March 2026 by the High Court of Justice of England and Wales (the "Court").

The Court order confirming the Capital Reduction and a statement of capital approved by the Court in connection therewith will shortly be sent to the Registrar of Companies. The Capital Reduction will become effective upon the registration of the Court order and associated statement of capital by the Registrar of Companies. Completion of the Capital Reduction will not affect the rights attaching to the Ordinary Shares and will not result in any change to the number of Ordinary Shares in issue (or their nominal value).

The Capital Reduction will allow the Company to potentially make future shareholder distributions.

Full details of the Capital Reduction are set out in the notice of extraordinary general meeting which was sent to shareholders of the Company on 15 January 2026 (the "EGM Circular"). The EGM Circular is also available for inspection on the Company website, Reports and Presentations - Design Group. Unless otherwise stated, defined terms in this announcement are the same as those set out in the EGM Circular. As set out in the EGM Circular, provisional dates were previously obtained by the Company for the required Court Hearings, which were subsequently changed at the discretion of the Company.

 

For further information, please contact:

IG Design Group plc

Tel: +44 (0)1525 887310

Stewart Gilliland, Interim Executive Chair

Rohan Cummings, Chief Financial Officer

Canaccord Genuity Limited (Nomad and Broker)

Tel: +44 (0)20 7523 8000

Bobbie Hilliam

Elizabeth Halley-Stott

Alma Strategic Communications

Tel: +44 (0)20 3405 0205

Rebecca Sanders-Hewett

designgroup@almastrategic.com

Sam Modlin

Will Merison

 

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Date   Source Headline
13th Mar 20127:00 amRNSHolding(s) in Company
13th Mar 20127:00 amRNSHolding(s) in Company
6th Mar 20127:00 amRNSBoard Change
29th Feb 20127:00 amRNSAppointment of Nomad and Joint Broker
24th Feb 20125:15 pmRNSBlocklisting Return and TVR
2nd Feb 20123:46 pmRNSHolding(s) in Company
31st Jan 20127:00 amRNSNon-Executive Board Appointment
13th Jan 20127:00 amRNSTrading Update
6th Dec 20117:00 amRNSInterim Results
1st Nov 20117:01 amRNSDirectorate Change
1st Nov 20117:00 amRNSTrading Statement
29th Sep 20115:46 pmRNSPublication of Results
23rd Sep 20117:00 amRNSDirectorate Change
7th Sep 201111:32 amRNSResult of Annual General Meeting
25th Aug 20117:00 amRNSBlocklisting and TVR
9th Aug 20117:00 amRNSPreliminary Results
4th May 20117:00 amRNSTrading update & Board changes
5th Apr 20118:47 amRNSBlocklisting and TVR
8th Dec 20107:00 amRNSInterim Results
10th Nov 20103:07 pmRNSNotification of Major Interest in Shares
28th Oct 20107:00 amRNSTrading Statement
3rd Sep 20105:30 pmRNSIssue of Equity
25th Aug 20107:00 amRNSBlock Listing Application and TVR
20th Aug 20105:40 pmRNSResult of AGM
15th Jul 20102:32 pmRNSDirector/PDMR Shareholding
14th Jul 20107:00 amRNSPreliminary Results
30th Jun 20107:00 amRNSNotice of Results
23rd Jun 20107:00 amRNSDirector Shareholding
28th Apr 20107:00 amRNSNon-Executive Board Appointment
28th Apr 20107:00 amRNSPre Close Trading Statement
12th Feb 20107:00 amRNSTrading Update
5th Jan 20101:13 pmRNSHolding(s) in Company
4th Jan 20104:00 pmRNSPosting of Interim Accounts
10th Dec 20097:00 amRNSInterim Results
15th Oct 20097:00 amRNSTrading Statement
7th Oct 20091:58 pmRNSHolding(s) in Company
1st Oct 20093:48 pmRNSTotal Voting Rights
29th Sep 20095:12 pmRNSDirector/PDMR Shareholding
29th Sep 20091:24 pmRNSDirector/PDMR Shareholding
24th Sep 20097:00 amRNSAdditional Listing
24th Aug 20095:16 pmRNSDirector/PDMR Shareholding
17th Aug 20093:02 pmRNSAnnual Report
3rd Aug 20091:39 pmRNSDirectors Dealings
29th Jul 20097:00 amRNSPreliminary Results
24th Jul 20092:51 pmRNSNotice of Results
21st May 20097:00 amRNSTrading Statement
8th Apr 20094:20 pmRNSNew Directors
2nd Apr 200912:32 pmRNSBoard Changes
20th Feb 20094:56 pmRNSDirector/PDMR Shareholding
17th Feb 20096:17 pmRNSGrant of Options

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