Completion of surplus UK warehouse sale

Summary by AI ^BETAClose X

IG Design Group plc has completed the sale of a surplus UK warehouse for approximately £3.1 million to the Welsh Government, a move intended to strengthen its balance sheet. The disposal of the Hirwaun Industrial Estate site, which had a carrying value of £0.1 million, will result in a profit of £2.9 million after accounting for selling costs and taxes. This transaction aligns with the Group's previously stated strategy outlined in its February 2026 trading update.

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IG Design Group PLC

25 March 2026

IG Design Group plc

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

Completion of surplus UK warehouse sale

IG Design Group plc, a leading designer, innovator and manufacturer across various celebration and creative categories, announces that its subsidiary, IG Design Group UK Limited, has completed the sale of a surplus warehouse at Hirwaun Industrial Estate, Aberdare to the Welsh Government for c.£3.1 million. As previously indicated in the February 2026 trading update, this disposal forms part of the Group's efforts to strengthen its balance sheet. The carrying value of the site was £0.1 million and the sale will realise a profit of £2.9 million (after £0.1m of selling costs and taxes).

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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