IG Design completes acquisition of Impact Innovations

(Sharecast News) - Designer and manufacturer of celebration, gifting, stationery and creative play products IG Design Group confirmed on Monday that the acquisition of 100% of the equity interest in Impact Innovations had now completed.The AIM-traded firm said that , as it had previously announced, a general meeting to consider and approve the issuance of the second tranche placing shares would be held at its office in Bedfordshire on 17 September.It also notified that, further to the announcement on 28 August, application had been made for 3,016,823 consideration shares to be admitted to trading on AIM, and it expected that admission would become effective on 4 September."Following admission of the consideration shares, the company's issued ordinary share capital will comprise 74,275,217 ordinary shares, none of which are held in treasury," the company's board said in its statement.