Director/PDMR Shareholding, SAYE scheme

RNS Number : 1258L

IP Group PLC

08 September 2021

 

FOR RELEASE ON

08 September 2021

IP Group plc - SAYE Scheme; PDMR shareholding

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces the following in connection with its employee share schemes.

SAVE AS YOU EARN ("SAYE") SHARESAVE PLAN

IP Group has granted options over the Company's ordinary shares of 2p each ("Shares"), under its SAYE Sharesave Plan to persons discharging managerial responsibilities ("PDMRs") of the Company as detailed below.

Name	Plan duration	Number of options granted
Anthony York	3 years	8,720
Mark Reilly	3 years	6,976

In addition to the above, options over a total of 46,810 Shares were granted to certain other employees of the Group under the Sharesave Plan.

All of the above SAYE options have been granted on 08 September 2021 at an exercise price of 103.2p per share, with the SAYE contracts commencing on 1 November 2021. The exercise price was set in accordance with HM Revenue & Customs rules for Sharesave plans.

Permitted exercise periods are for a period of six months from the end of the plan period, ordinarily 1 November 2024.

Shares in issue

At the date of this announcement, the Company continues to have 1,062,788,114 ordinary shares in issue.

The following information is being disclosed pursuant to the requirements of MAR.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

SAYE Sharesave Plan

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name(s)	Anthony York Mark Reilly
2	Reason for the notification
a)	Position/status	PDMR  Group People Director PDMR  Managing Partner, Technology
	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IP Group plc
b)	Legal Entity Identifier	213800HG22UM138WFG43
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 2p each in IP Group plc   ISIN: GB00B128J450
b)	Nature of the transaction	Conditional award of Shares under the IP Group plc SAYE Sharesave Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Anthony York 103.2p 8,720 Mark Reilly 103.2p 6,976
e)	Aggregated information -Aggregated volume - Price - Aggregated total	Aggregated Number of Shares conditionally awarded under the SAYE Sharesave Plan to PDMRs on 08 September 2021: 15,696 Price: 103.2p
f)	Date of the transaction	08 September 2021
g)	Place of the transaction	Outside a trading venue

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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