EBT Share Purchase
EBT purchased 217,000 shares at 140p per share to satisfy future employee share option exercises.
- Shares purchased 217,000
- Purchase price per share 140.0p
- Total shares held by EBT 1,248,208
- EBT holding as % of voting rights 1.27%
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Further to the announcement made on 13 December 2023, the Company was notified that APEX Financial Services (Trust Company) Limited, the trustee of the IG Design Group Plc Employee Benefit Trust (the "EBT"), had purchased 217,000 Ordinary Shares of 5 pence each in the Company ("Ordinary Shares") at an average price of 140.0 per Ordinary Share on 22 December 2023. These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the exercise of share options by employees. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company. The purchase of Ordinary Shares by the EBT has been funded by a loan provided by the Company from its existing financing facilities.
Following this transaction, a total of 1,248,208 Ordinary Shares are held by the EBT, representing approximately 1.27 per cent of the Company's total voting rights.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.