Director/PDMR Shareholding

RNS Number : 6571D

IP Group PLC

31 March 2014

 

 

FOR RELEASE ON

31 MARCH 2014

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 4,508,994 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 2011 (the "2011 Awards").

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 200 pence per share, as set out in the table below.

				Resultant beneficial interest
Director/PDMR	Position	Shares vested	Shares sold	Shares	%
Alan Aubrey	Chief Executive Officer	879,654	748,206	2,368,537	0.49%
Mike Townend	Chief Investment Officer	670,213	569,908	1,011,023	0.21%
Greg Smith	Chief Financial Officer	414,894	352,660	289,919	0.06%
Charles Winward	Managing Director, Top Technology	446,809	379,788	329,467	0.07%
Angela Leach	Company Secretary	255,319	255,319	215,823	0.05%

In addition, the Company has today received notification from David Baynes, Director, that he has sold 125,000 shares in the Company at an aggregate price of 200 pence per share. Following the sale, Mr Baynes is beneficially interested in 426,066 shares in the Company representing 0.09%.

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 3 April 2014.

Following admission the Company will have 479,524,397 ordinary shares in issue.

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer	[phone]
Liz Vaughan-Adams, Communications	[phone] / [phone] [e-mail]
FTI Consulting
John Dineen	[phone]

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 90 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, Healthcare, Biotech, IT & Communications and Chemicals & Materials.

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

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