14 Feb 2013 07:00
AIM: SGM
SIGMA CAPITAL GROUP PLC
("Sigma" or "the Group")
Recommended offer for i-design group plc
Sigma, the property and urban regeneration specialist, notes the announcement yesterday by i-design group plc ("i-design") of a recommended cash offer for the company at a price of 60p per share, with irrevocable undertakings to accept the offer having been received from holders of approximately 62.2 per cent. of the existing issued share capital of i-design which includes those holdings controlled by Sigma. At 31 December 2012, Sigma's direct holding in i-design and its indirect holdings through its venture funds were valued at the then bid price of 26p per share. Assuming successful completion of the recommended offer, Sigma's direct and indirect holdings will generate cash receipts to Sigma of c. £0.2m and profit of c. £0.1m.
Enquiries
Sigma Capital Group plc | Graham Barnet, Chief Executive Marilyn Cole, Finance Director | T: 0131 220 9444 |
Biddicks | Katie Tzouliadis/ Alex Shilov | T: 020 3178 6378 |
N+ 1 Singer | James Maxwell/ Nick Donovan | T: 020 7496 3000 |
Company website: www.sigmacapital.co.uk