Company Announcements

Recommended offer for i-design group plc

Thursday, February 14, 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. £0.2m and profit of c. £0.1m.

Enquiries

Sigma Capital Group plc
Graham Barnet, Chief Executive
Marilyn Cole, Finance Director
T: 0131 220 9444

Biddicks
Katie Tzouliadis/ Alex Shilov
T: 020 3178 6378

N+ 1 Singer
James Maxwell/Nick Donovan
T: 0207 496 3000

Company website: www.sigmacapital.co.uk