Shares in IG Design Group PLC traded up 9.9% on Monday after the company said it has extended the term of its existing banking agreement to March 31, 2024.
Shares at 0756 GMT were up 4.90 pence at 54.50 pence.
The designer and manufacturer of stationery said the amended banking covenants provide more than sufficient headroom to fund its seasonal working capital requirements over the remaining term of the agreement.
“Our seasonal orderbook remains strong and this revised facility provides us with sufficient funding for our working capital requirements,” Chairman Stewart Gilliland said.