IG Design Group plc (“Design Group”) has announced the sale of property in Hirwaun, Wales. The property, which was used as warehousing, has been sold to a power company that has exercised a previously granted option to purchase. The cash proceeds of the transaction amount to £2.5m, payable on completion and will result in a £1.1m-£1.3m exceptional gain in Q4 of FY2018.

03 Apr 2018
Sale of Hirwaun Warehousing Property

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Sale of Hirwaun Warehousing Property
IG Design Group plc (IGR:LON) | 60.5 0 0.0% | Mkt Cap: 59.5m
- Published:
03 Apr 2018 -
Author:
Denese Newton -
Pages:
3 -
IG Design Group plc (“Design Group”) has announced the sale of property in Hirwaun, Wales. The property, which was used as warehousing, has been sold to a power company that has exercised a previously granted option to purchase. The cash proceeds of the transaction amount to £2.5m, payable on completion and will result in a £1.1m-£1.3m exceptional gain in Q4 of FY2018.