IG Design Group PLC Completion of Distribution Facility Sale
12 März 2025 - 8:00AM
RNS Regulatory News
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:
|
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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END
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