Appointment of Caroline Brown as NED

RNS Number : 3410A

IP Group PLC

28 May 2019

 

FOR RELEASE ON

28 May 2019

IP Group plc - Appointment of Caroline Brown as Non-executive Director

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, is delighted to announce the appointment of Caroline Brown as an independent Non-executive Director with effect from 1 July 2019.

Dr Brown is currently Chair of NAHL Group plc and is also a non-executive director of Georgia Capital plc, Luceco plc and Earthport plc. Her early career was spent in corporate finance with Merrill Lynch (New York), UBS and HSBC, advising global corporations and governments and she is also experienced in managing early-stage companies and divisions of FTSE100 groups in the energy and technology sectors.

She holds a First Class degree and PhD in Natural Sciences from the University of Cambridge, a Masters of Business Administration from the Cass Business School, London and is a Fellow of the Chartered Institute of Management Accountants.

Sir Douglas Flint, Chairman of IP Group, said: "Caroline has a wealth of experience covering accounting and audit expertise to banking and investment as well as science and technology, all of which are highly relevant for IP Group. I'm delighted to welcome Caroline to the Board and we are looking forward to working with her."

Within the last five years, Dr Brown has been a director of Intelligent Energy Holdings plc, Mirland Development Corporation plc and Hydrodec Group plc.

This announcement is made pursuant to Listing Rule 9.6.11R. There are no other details required to be disclosed under Listing Rule 9.6.13R. There are no further disclosures required under the Disclosure and Transparency Rules.

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer Greg Smith, Chief Financial Officer Liz Vaughan-Adams, Communications	[phone] [phone]/[phone]
Charlotte Street Partners
Andrew Wilson	[phone]
David Gaffney	[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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