IG Design Group PLC Completion of Acquisition & Issue of Equity (4902Z)
September 03 2018 - 2:00AM
UK Regulatory
TIDMIGR
RNS Number : 4902Z
IG Design Group PLC
03 September 2018
3 September 2018
IG Design Group plc
("Design Group", the "Company" or the "Group")
Completion of Acquisition
Issue of Equity
IG Design Group plc, a leading designer, innovator and
manufacturer of celebration, gifting, stationery and creative play
products, is pleased to confirm that the acquisition of 100 per
cent. of the equity interest in Impact Innovations, Inc. has now
completed.
As previously announced, a General Meeting to consider and
approve the issuance of the Second Tranche Placing Shares will be
held at IG Design Group plc, 7 Water End Barns, Eversholt,
Bedfordshire MK17 9EA, United Kingdom at 11.00 a.m. on 17 September
2018. A circular was posted to shareholders on 29 August 2018 and
is also available to view on the Company's website at
www.thedesigngroup.com.
Total Voting Rights
The Company also notifies that, further to the announcement
dated 28 August 2018, application has been made for 3,016,823
Consideration Shares to be admitted to trading on AIM, and it is
expected that admission will become effective at 8.00 a.m. on 4
September 2018.
Following admission of the Consideration Shares, the Company's
issued ordinary share capital will comprise 74,275,217 ordinary
shares, none of which are held in treasury. Therefore, the total
number of ordinary shares with voting rights in the Company will be
74,275,217, which may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
For further information, please contact:
IG Design Group plc Tel: 01525 887310
Paul Fineman, Chief Executive
Giles Willits, Chief Financial
Officer
Cenkos Securities plc Tel: 020 7397 8900
Stephen Keys
Harry Hargreaves
Alma PR Tel: 0208 004 4217
Rebecca Sanders-Hewett designgroup@almapr.co.uk
Susie Hudson
Sam Modlin
Capitalised terms used, but not defined in this announcement
shall have the same meaning as set out in the announcement dated 28
August 2018 with RNS number 9474Y.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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