TIDMIGR

RNS Number : 6705I

IG Design Group PLC

16 August 2021

16 August 2021

IG Design Group plc

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

Board Change

IG Design Group plc announces that Giles Willits, Chief Financial Officer, has informed the Board of his decision to step down from his role and the Company for personal reasons.

The intention is for Giles to remain with the business throughout his notice period or until an appropriate successor is found, whichever is the earlier. The search for his successor is underway and the market will be updated accordingly.

The Company will announce a Trading Update w/c 23(rd) August 2021.

John Charlton, Chairman of IG Design Group plc, commented:

"I have enjoyed working with Giles since he joined the Board in January 2018. During his time with the Group he has made a clear contribution to the business helping us to deliver significant growth and increased shareholder value. I very much wish him well for the future."

For further information, please contact:

 
 IG Design Group plc                            Tel: 0152 588 
                                                 7310 
 Paul Fineman, Chief Executive Officer 
 
 Canaccord Genuity Limited (Nominated Adviser   Tel: 0207 523 
  and Broker)                                    8000 
 Bobbie Hilliam, NOMAD 
 Alex Aylen, Sales 
 
 Alma PR                                        Tel: 0203 405 
                                                 0205 
 Susie Hudson 
 Sam Modlin 
 Molly Gretton

About IG Design Group plc

IG Design Group plc, the largest consumer gift packaging business in the world, is a designer, innovator and manufacturer of products that help people celebrate life's special occasions. Design Group works with more than 11,000 customers in over 80 countries throughout the UK, Europe, Australia and the USA.

Its products are found in over 210,000 retail outlets, including several of the world's biggest retailers, for example Walmart, Target, Amazon, Costco, Lidl and Aldi. Its brand, Tom Smith, also holds the Royal Warrant for the supply of Christmas crackers and Christmas wrapping paper to the Royal family. Design Group is a diverse business operating across multiple regions, categories, seasons and brands.

Its five major product categories are: Celebrations, Gifting, Craft & creative play, Stationery and 'Not-for-resale' consumables. It offers customers a full end-to-end service from design through to distribution, offering both branded and bespoke products from the value-focused through to the higher-margin ends of the market.

The Company was admitted to the Alternative Investment Market of the London Stock Exchange in 1995 under the name 'International Greetings plc' and rebranded to IG Design Group plc in 2016. For further information please visit www.thedesigngroup.com.

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END

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(END) Dow Jones Newswires

August 16, 2021 02:00 ET (06:00 GMT)

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