Last checked at 30 Sep 2022 09:36
30 September 2022
IG Design Group Plc('Design Group' or the 'Company')
EBT Share Purchase
Further to the announcement made on 29 September 2022, the Company was notified that APEX Financial Services (Trust Company) Limited, the trustee of the IG Design Group Plc Employee Benefit Trust (the "EBT"), had purchased 1,000,000 Ordinary Shares of 5 pence each in the Company ("Ordinary Shares") at an average price of 77.50 pence per Ordinary Share on 29 September 2022. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded by a loan provided by the Company from its existing financing facilities.
Following this transaction, a total of 1,031,208 Ordinary Shares are held by the EBT, representing approximately 1.05 per cent of the Company's total voting rights.
For further information, please contact:
IG Design Group Plc Stewart Gilliland, Interim Executive Chair Paul Bal, CFO | Tel: +44 (0)1525 887310
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Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Gerel Bastin | Tel: +44 (0)20 7523 8000
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Alma PR Sam Modlin Josh Royston Pippa Crabtree
| Tel: +44 (0)20 3405 0209 designgroup@almapr.co.uk |