IG DESIGN GROUP PLC

M&A Activity • Mar 12, 2025

National Storage Mechanism | Additional information

RNS Number : 3435A

IG Design Group PLC

12 March 2025

12 March 2025

IG Design Group plc

(the 'Company' or 'Design Group')

COMPLETION OF DISTRIBUTION FACILITY SALE

IG Design Group plc announces that its subsidiary, Berwick Offray LLC, has yesterday completed the sale of its former distribution facility at 20 Union Lane, Bloomsburg, Pennsylvania, U.S.A. to Union PA Holdings LLC Limited for $8.4 million. The carrying value of the site was $2.9 million and the sale will realise a profit of $4.9 million (after $0.6m of selling costs and taxes).

For further information, please contact:

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IG Design Group Plc Paul Bal, Chief Executive Officer Rohan Cummings, Chief Financial Officer	Tel: +44 (0)1525 887310
Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Harry Pardoe	Tel: +44 (0)20 7523 8000
Alma Strategic Communications Rebecca Sanders-Hewett Sam Modlin Will Merison	Tel: +44 (0)20 3405 0209 designgroup@almastrategic.com

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

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