Director/PDMR Shareholding

RNS Number : 8332C

IP Group PLC

20 March 2014

 

20 March 2014

IP GROUP PLC

("IP Group" or the "Company")

Director / PDMR Shareholding

The Company announces that, on 17 March 2014, Doug Liversidge, Non-Executive Director of IP Group and formerly Non-Executive Chairman of Fusion IP plc ("Fusion IP"), exercised certain options over Fusion IP shares as part of the recommended offer for Fusion IP by way of a scheme of arrangement (the "Scheme") becoming effective. The options were exercised in order to ensure that at no time was Mr Liversidge a participant in any option scheme operated by the Company or any of its subsidiaries, having reference to the independence criteria prescribed by the UK Corporate Governance Code.

Following the Scheme becoming effective, on 20 March 2014, Mr Liversidge sold a total of 77,800 Ordinary Shares of 2p each in IP Group at a price of 206 pence per share, in order to meet the exercise price and tax and national insurance liabilities relating to the exercise of his options over Fusion IP shares.  Following this transaction, Mr Liversidge is interested in a total of 75,297 Ordinary Shares of 2p each in the Company representing approximately 0.02 percent of IP Group's issued share capital.

For further information please contact:

IP Group                                                                                                             

Greg Smith, Chief Financial Officer                                                                         [phone]
Liz Vaughan-Adams, Communications                                                                   [phone]
                                                                                                                                                [phone]
                                                                                                                                                [e-mail]

FTI Consulting                                                                                                                   [phone]

John Dineen
James Melville-Ross

 

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