Replacement: Capital Reduction Update

Summary by AI ^BETAClose X

IG Design Group plc announced that the High Court of Justice of England and Wales approved its capital reduction on March 3, 2026, which will become effective upon registration with the Registrar of Companies. This capital reduction, involving the cancellation of previously issued Capital Reduction Shares, share premium, and capital redemption reserve, will not alter the rights or number of ordinary shares in issue. The company anticipates this move will enable future shareholder distributions.

Disclaimer*

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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