Director/PDMR Shareholding

RNS Number : 4542C
IP Group PLC
16 April 2013
 



 

FOR RELEASE ON

16 April 2013

IP Group plc - Director / PDMR Shareholding and Issue of Equity

 

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property based businesses, announces that it has today issued 9,495,195 new ordinary shares of 2p each (the "Shares") following the vesting of conditional awards of shares made under the Company's Long Term Incentive Scheme (the "Scheme") in October 2010 (the "2010 Awards"). As described in the Group's 2012 Annual Report and Accounts, 81% of the 2010 Awards vested.

 

As a result, the Company today received notification from the following Directors/Persons Discharging Managerial Responsibilities in relation to the acquisition of Shares under the Scheme and subsequent sale, at an aggregate price of 145p per share, as set out in the table below.

 





Resultant beneficial interest

Director/PDMR

Position

Shares vested

Shares sold

Shares

%

Alan Aubrey1

 

Chief Executive Officer

2,071,023

 

1,146,104

 

2,237,089

 

0.6%

 

Alison Fielding2

 

Chief Operating Officer

1,693,636

 

1,137,258

 

1,051,008

 

0.3%

 

Mike Townend2

 

Chief Investment Officer

1,693,636

 

1,087,258

 

910,718

 

0.2%

 

Charles Winward1

Executive Director

574,364

317,853

262,446

0.1%

Greg Smith1

Chief Financial Officer

466,364

258,086

227,685

0.1%

Angela Leach1

Company Secretary

466,364

258,086

215,823

0.1%

 

1 Indicates that Shares were sold in such amounts so as to satisfy income tax, national insurance and other liabilities arising through the vesting of the 2010 Awards.

2 Indicates that Shares were sold over and above tax and national insurance liabilities.

 

An application has been made to the Financial Conduct Authority for admission of the Shares to the premium listing segment of the Official List maintained by the UK Listing Authority and to the London Stock Exchange. It is expected that admission will take place on 17 April.

 

Following admission the Company will have 375,258,859 ordinary shares in issue.

 

For more information, please contact:

IP Group plc

www.ipgroupplc.com

Alan Aubrey, Chief Executive Officer            

+44 (0) 20 7444 0050

Liz Vaughan-Adams, Communications   

+44 (0) 20 7444 0062 / +44 (0) 7979 853 802

liz.vadams@ipgroupplc.com

FTI Consulting


Ben  Atwell, John Dineen

+44 (0) 20 7831 3113

 

Notes for editors

 

About IP Group

 

IP Group is a leading UK intellectual property ("IP") commercialisation company, developing technology innovations primarily from its research intensive partner universities. The Group offers more than traditional venture capital, providing its companies with access to business building expertise, networks, recruitment and business support.

 

The Company's portfolio comprises holdings in over 60 companies including Oxford Nanopore Technologies, the DNA sequencing development company, Revolymer, best known for its removable chewing gum and Xeros, which has received many accolades for its revolutionary clothes washing techniques with a much reduced requirement for water.

 

The portfolio includes early stage to mature businesses and has exposure to five main sectors - Energy & Renewables, Medical Equipment & Supplies, Pharma & Biotech, IT & Communications and Chemicals & Materials. To date, fifteen of the portfolio companies IP Group has backed have listed on the AIM market of the London Stock Exchange and one on ISDX.

 

Founded in 2001, IP Group listed on AIM in October 2003 and moved to the Official List in June 2006.

 

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

 

Ends


This information is provided by RNS
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