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On March 11, 2025, IG Design Group plc's subsidiary, Berwick Offray LLC, completed the sale of its former distribution facility at 20 Union Lane, Bloomsburg, Pennsylvania, U.S.A. The facility was sold to Union PA Holdings LLC Limited for $8.4 million, which had a carrying value of $2.9 million, resulting in a $4.9 million profit after $0.6 million in selling costs and taxes.
| Date | 12 Mar 2025 |
| Time | 07:00:09 |
| Category | Disposals |
| ID | 3435A |
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
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Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Harry Pardoe |
Tel: +44 (0)20 7523 8000
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Alma Strategic Communications Rebecca Sanders-Hewett Sam Modlin Will Merison |
Tel: +44 (0)20 3405 0209 |
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.