Director/PDMR Shareholding

RNS Number : 1122V

IP Group PLC

22 May 2008

 



22 MAY 2008 

DIRECTOR DEALING 

IP Group plc (LSE: IPO) ('IP Group' or the 'Company' or 'Group'), the UK's  leading university intellectual property commercialisation company, was today  notified by David Norwood, Special Projects Director, that he had transferred 464,453 ordinary shares in IP Group at a price of 109p per share into his personal pension. 

This transaction has no effect on David Norwood's beneficial ownership; he continues to hold a total direct and indirect voting right interest in 4,380,172 ordinary shares in IP Group, being approximately 1.75% of the issued ordinary share capital of IP Group of 250,291,965 ordinary shares of 2p each. 

For further information, please contact: 

IP Group 0845 074 2929 

Alan Aubrey, Chief Executive Officer 

Liz Vaughan-Adams (Communications) 020 7444 0062/07979853802 

Notes for Editors 

About IP Group 

IP Group is an intellectual property (IP) commercialisation company that 

specialises in commercialising university technology. Founded in 2001, IP Group listed on AIM in October 2003 and moved to the Official List in June 2006. It has made two acquisitions to date - Techtran, a company set up to commercialise university intellectual property under a long term contract with the University of Leeds, in 2005 and Top Technology Ventures, an investment adviser to early stage technology venture capital funds, in 2004. 

IP Group has formed long-term partnerships with ten universities - the University of Oxford, King's College London, CNAP/University of York, the University of Leeds, the University of Bristol, the University of Surrey, the University of Southampton, Queen Mary (University of London), the University of Bath and the University of Glasgow. 

The Company's portfolio is diverse with exposure to five main sectors - Energy & Renewables, Healthcare & Life Sciences: Non-therapeutics, Healthcare & Life Sciences: Therapeutics, IT & Communications and Chemicals & Materials. To date, ten portfolio companies have listed on the AIM market of the London Stock Exchange, one on PLUS Markets and there have been two trade sales. IP Group also established three 'Modern-themed' subsidiaries - Modern Biosciences, Modern Water and Modern Waste. Modern Water was the first of these subsidiaries to float on AIM in June 2007. 

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

ENDS 

 

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