Additional fair value gain of £27.4m

RNS Number : 7946T

IP Group PLC

29 November 2021

 

FOR RELEASE ON

29 November 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) WHICH FORMS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

IP Group plc - Announces additional fair value gain of £27.4m following portfolio company funding round

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property-based businesses, notes that  following the completion of a funding round by a portfolio company in its top twenty most valuable holdings, it has recorded a net unrealised fair value gain of approximately £27.4m* or 3p per share. The Group has committed £5m to the funding round and, following completion of the first close, has an undiluted beneficial holding of 29.0%. Further information will be provided in due course.

*Fair value gains are quoted net of the Group's long-term incentive carry scheme ('LTICS'). 

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Liz Vaughan-Adams, Communications	[phone]/[phone]
Charlotte Street Partners
David Gaffney	[phone]
Andrew Wilson	[phone]

Notes for editors

About IP Group

IP Group is a leading intellectual property commercialisation company which focuses on evolving great ideas, mainly from its partner universities, into world-changing businesses. The Group has pioneered a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital (through its 100%-owned FCA-authorised subsidiaries IP Capital and Parkwalk Advisors), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in early-stage to mature businesses across life sciences and technology. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO.

Group holdings in portfolio companies reflect the undiluted beneficial equity interest excluding debt, unless otherwise explicitly stated.

For more information, please visit our website at www.ipgroupplc.com .

ENDS

 

END

 

 

MSCPPGBCGUPGGRQ