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Replacement: Capital Reduction Update

4 Mar 2026 13:20

RNS Number : 3511V
IG Design Group PLC
04 March 2026
 

The following amendment has been made to the Capital Reduction Update announcement released on 4 March 2026 at 12:15 under RNS No 3439V ("the Announcement").

The Announcement should have been dated 4 March 2026. This amendment has been made below.

All other details remain unchanged.

 

4 March 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
17th Aug 20093:02 pmRNSAnnual Report
3rd Aug 20091:39 pmRNSDirectors Dealings
29th Jul 20097:00 amRNSPreliminary Results
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8th Apr 20094:20 pmRNSNew Directors
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20th Feb 20094:56 pmRNSDirector/PDMR Shareholding
17th Feb 20096:17 pmRNSGrant of Options
11th Dec 20087:00 amRNSDirectorate Change
11th Dec 20087:00 amRNSHalf Yearly Report
1st Dec 200810:49 amRNSTotal Voting Rights
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12th Mar 20084:40 pmRNSSecond Price Monitoring Extn
12th Mar 20084:35 pmRNSPrice Monitoring Extension
11th Feb 20087:01 amRNSTrading Statement
6th Feb 20084:40 pmRNSSecond Price Monitoring Extn
6th Feb 20084:35 pmRNSPrice Monitoring Extension
17th Jan 20084:40 pmRNSSecond Price Monitoring Extn
17th Jan 20084:35 pmRNSPrice Monitoring Extension
13th Dec 20077:01 amRNSInterim Results
4th Dec 20073:48 pmRNSTrading Statement
31st Oct 20075:10 pmRNSTotal Voting Rights
24th Oct 20071:19 pmRNSBlocklisting Interim Return
24th Oct 20071:17 pmRNSAdditional Listing
15th Oct 20077:30 amRNSDisney Licensee Awards
8th Oct 20077:00 amRNSAcquisition
5th Oct 20072:22 pmRNSDirector's Dealing
13th Sep 20077:01 amRNSDirector/PDMR Shareholding
7th Sep 20077:00 amRNSAcquisition
23rd Aug 20077:00 amRNSTrading Statement
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31st Jul 20074:40 pmRNSTotal Voting Rights
26th Jun 20077:01 amRNSFinal Results
5th Jun 20077:01 amRNSAcquisition
16th May 20075:15 pmRNSDirector's Dealing

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