Capital Reduction Update
Summary by AI BETAClose X
4 February 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.
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For further information, please contact: |
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IG Design Group plc |
Tel: +44 (0)1525 887310 |
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Stewart Gilliland, Interim Executive Chair |
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Rohan Cummings, Chief Financial Officer |
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Canaccord Genuity Limited (Nomad and Broker) |
Tel: +44 (0)20 7523 8000 |
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Bobbie Hilliam |
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Elizabeth Halley-Stott |
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Alma Strategic Communications |
Tel: +44 (0)20 3405 0205 |
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Rebecca Sanders-Hewett |
designgroup@almastrategic.com |
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Sam Modlin |
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Will Merison |
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