Director/PDMR Shareholding

RNS Number : 6880U

IP Group PLC

07 April 2021

 

FOR RELEASE ON

7 April 2021

IP Group plc - Director/PDMR share dealing & SAYE option exercise

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces that it has been notified of the following transactions in ordinary shares of 2 pence each in the Company ("Shares") by Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") on Thursday 1 April 2021:

-  Greg Smith, Chief Financial Officer, transferred, via sale and purchase, 17,000 Shares into his ISA. Mr Smith sold Shares at 125.5 pence per share and bought Shares at 125.7 pence per share. Following the transfer, Mr Smith's beneficial interest in the Company remains unchanged at 339,403 Shares, representing 0.03% of the total issued share capital.

-  Angela Leach, General Counsel and Company Secretary, bought 15,020 Ordinary Shares into her ISA at 125.8 pence per share. Following the purchase, Ms Leach's beneficial interest in the Company is now 274,272 Shares, representing 0.03% of the total issued share capital.

-  Dr Mark Reilly, Managing Partner Technology, exercised options under the Group's 2017 Save As You Earn plan ("SAYE") to buy 6,315 Shares at 114 pence per share. Following satisfaction of the options, Mr Reilly's beneficial interest in the Company will be 46,645 Shares, representing <0.01% of the total issued share capital.

Shares in issue

At the date of this announcement, the Company continues to have 1,062,353,734 ordinary shares in issue.

The following notifications, made in accordance with the requirements of article 19.3 of the EU Market Abuse Regulation, provide further details:

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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Greg Smith
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	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	Sale and purchase of Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) Volume(s) Sale £1.255 17,000 Purchase £1.257 17,000
e)	Aggregated information -Aggregated volume - Price - Aggregated total	Price(s) Volume(s) Aggregated total Sale £1.255 17,000 £21,336 Purchase £1.257 17,000 £21,369
f)	Date of the transaction	Sale: 1 April 2021 Purchase: 1 April 2021
g)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Reilly
2	Reason for the notification
a)	Position/status	PDMR Managing Partner, Technology
b)	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	Exercise of an option to acquire Ordinary Shares under the Group's 2017 SAYE.
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Mark Reilly £1.14 6,315
e)	Aggregated information -Aggregated volume - Price - Aggregated total	6,315 Price: £1.14 £7,200
f)	Date of the transaction	1 April 2021
g)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Angela Leach
2	Reason for the notification
a)	Position/status	PDMR - General Counsel & Company Secretary
b)	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	Purchase of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Angela Leach £1.2583 15,020
e)	Aggregated information -Aggregated volume - Price - Aggregated total	15,020 Price: £1.2583 £18,900
f)	Date of the transaction	1 April 2021
g)	Place of the transaction	London

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Greg Smith, Chief Financial Officer Angela Leach, Company Secretary Liz Vaughan-Adams, Communications	[phone] [phone]/[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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