IG Design Group PLC Completion of Second Tranche Placing (2684B)

TIDMIGR

RNS Number : 2684B

IG Design Group PLC

19 September 2018

IG Design Group plc

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

Completion of Second Tranche Placing

Director/PDMR Shareholding

IG Design Group plc, a leading designer, innovator and manufacturer of celebration, gifting, stationery and creative play products, is pleased to confirm that, following admission of the Second Tranche Placing Shares at 8.00 a.m. today, the Second Tranche Placing has now completed.

Further to the significantly oversubscribed Placing as announced on 28 August 2018, the Company also notifies that AC Artistic Limited, a trust in which Anders Hedlund, a Non-Executive Director of the Company, holds a beneficial interest, has agreed to sell a total of 500,000 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") at the Placing Price of 510 pence per share.

Following the above transaction, the Hedlund family holds an interest in 23,068,994 Ordinary Shares, representing approximately 29.6% per cent. of the Company's issued share capital. 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.

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

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                    AC Artistic Limited 
      --------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                         Person closely associated with Anders 
                                                Hedlund, Founder and Deputy Chairman 
      --------------------------------------  -------------------------------------------- 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------ 
 a)    Name                                    IG Design Group plc 
      --------------------------------------  -------------------------------------------- 
 b)    LEI                                     213800J8I5XDZ3JU8496 
      --------------------------------------  -------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------------ 
 a)    Description of the                      Ordinary shares of 5 pence each 
        financial instrument, 
        type of instrument 
       Identification code                     ISIN: GB0004526900 
      --------------------------------------  -------------------------------------------- 
 b)    Nature of the transaction               Sale of ordinary shares 
      --------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               --------------------  ------------------- 
                                                Price(s)              Volume(s) 
                                               --------------------  ------------------- 
    510 pence                                                         500,000 
   ----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
  - Aggregated volume                     500,000 
  - Price                                 GBP2,550,000.00 
 --------------------------------------  ------------------------------------------------- 
 e)    Date of the transaction                 19 September 2018 
      --------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                AIMX 
      --------------------------------------  --------------------------------------------

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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