Sigma Capital Group PLC Recommended offer for i-design group plc (8434X)
14 February 2013 - 6:00PM
UK Regulatory
TIDMSGM TIDMIDG
RNS Number : 8434X
Sigma Capital Group PLC
14 February 2013
AIM: SGM
SIGMA CAPITAL GROUP PLC
("Sigma" or "the Group")
Recommended offer for i-design group plc
Sigma, the property and urban regeneration specialist, notes the
announcement yesterday by i-design group plc ("i-design") of a
recommended cash offer for the company at a price of 60p per share,
with irrevocable undertakings to accept the offer having been
received from holders of approximately 62.2 per cent. of the
existing issued share capital of i-design which includes those
holdings controlled by Sigma. At 31 December 2012, Sigma's direct
holding in i-design and its indirect holdings through its venture
funds were valued at the then bid price of 26p per share. Assuming
successful completion of the recommended offer, Sigma's direct and
indirect holdings will generate cash receipts to Sigma of c.
GBP0.2m and profit of c. GBP0.1m.
Enquiries
Sigma Capital Group Graham Barnet, Chief T: 0131 220 9444
plc Executive
Marilyn Cole, Finance
Director
Biddicks Katie Tzouliadis/ Alex T: 020 3178 6378
Shilov
N+ 1 Singer James Maxwell/ Nick Donovan T: 020 7496 3000
Company website: www.sigmacapital.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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