AGM update

RNS Number : 4548P

IP Group PLC

09 June 2020

 

FOR RELEASE ON

9 June 2020

IP Group plc - Update on arrangements for Annual General Meeting and Virtual Shareholder Event

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property-based businesses, confirms the format for its Annual General Meeting ("AGM") and the details of its virtual shareholder event which will follow immediately after the close of the AGM.

Due to the Covid-19 pandemic and as detailed further in the Notice of AGM published on 16 April 2020 , this year's AGM, to be held at 11.00am on Thursday 18^th June, will follow a different format and will not be open to shareholders in the usual way. To ensure that shareholders continue to have the opportunity to engage with the Board, the Group is holding a special virtual shareholder event immediately following the AGM at 11.15am on Thursday 18^th June .

As previously announced, the arrangements for the AGM remain as follows: 

• The evolving COVID-19 situation and the related Government guidelines have clearly impacted the ability of shareholders to attend the Company's AGM. The Company will therefore hold the AGM with the minimum quorum of shareholders present to conduct the business of the meeting (being two director-shareholders). Social distancing measures will be in place.
• Please do not travel to the venue as no other shareholders will be permitted to physically attend the meeting and any shareholder who attempts to attend the meeting in person will be refused entry.
• As shareholders will not be able to attend the meeting, the Company requests that shareholders submit their votes by proxy either electronically or by post.
• The AGM will focus on the formal business of the meeting as set out in the Notice of   AGM.
• The results of the votes on the proposed resolutions will be announced in the normal way as soon as practicable after the conclusion of the AGM.
• To afford shareholders the opportunity to engage directly with Board members, they may submit questions in advance of the AGM. Should a shareholder have any such questions, we ask that they send them by email at least 48 hours prior to the date of the AGM to  [e-mail] .
• In addition to covering off these pre-submitted questions at the virtual shareholder event, the Company will endeavour to also publish the questions and its responses on its website as soon as practicable after the AGM.

The Board believes that these measures are necessary and appropriate in light of the current pandemic, in particular, to protect the health and wellbeing of the Company's shareholders, employees and the wider community.

The arrangements for the virtual shareholder event are as follows:

• The event will be led by Sir Douglas Flint, Chairman of IP Group, and Alan Aubrey, CEO and will cover off the pre-submitted questions.
• If you would like to attend, please register at: www.ipgroupplc.com/investor-relations/shareholder-information/agm
• After registering, you will receive confirmation containing information about joining the webinar.

The Board would like to thank shareholders for their understanding and support during

these exceptional circumstances.

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Angela Leach, General Counsel & Company Secretary Liz Vaughan-Adams, Communications	[phone]/[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.

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

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