EBT Share Purchase

RNS Number : 3371B

IG Design Group PLC

30 September 2022

 

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: [phone]
Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Gerel Bastin	Tel:  [phone]
Alma PR Sam Modlin Josh Royston Pippa Crabtree	Tel:  [phone] [e-mail]

 

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