Director/PDMR Shareholding

RNS Number : 8342O
IP Group PLC
12 October 2021
 

FOR RELEASE ON

12 October 2021

 

 

IP Group plc - PDMR share purchases

 

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, has been notified that on 11 October 2021, Greg Smith, Chief Executive Officer, Alan Aubrey, former CEO, and Heejae Chae, a Non-executive Director of the Company, purchased a total of 8,500, 40,829 and 16,000 Ordinary Shares of 2p each respectively as set out in the table below.

 

Name

Number of shares acquired

Price per share (£)

Resultant beneficial interest

Greg Smith, CEO

8,500

£1.23

364,467

Alan Aubrey, former CEO

40,829

£1.22

2,864,082

Heejae Chae, NED

16,000

£1.23

32,073

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

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 Executive Officer

 

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IP Group plc

b)

LEI

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 shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 123 pence per share

8,500

 

d)

Aggregated information

Aggregated volume

Price

Not applicable - single transaction

e)

Date of the transaction

11 October 2021

f)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alan Aubrey

2

Reason for the notification

a)

Position/status

 Former Chief Executive Officer

 

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IP Group plc

b)

LEI

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 shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 122 pence per share

40,829

 

d)

Aggregated information

Aggregated volume

Price

Not applicable - single transaction

e)

Date of the transaction

11 October 2021

f)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Heejae Chae

2

Reason for the notification

a)

Position/status

 Non-executive Director

 

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IP Group plc

b)

LEI

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 shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 123 pence per share

16,000

 

d)

Aggregated information

Aggregated volume

Price

Not applicable - single transaction

e)

Date of the transaction

11 October 2021

f)

Place of the transaction

London Stock Exchange, Main Market

 

 

For more information, please contact:

 

IP Group plc

www.ipgroupplc.com

Angela Leach, Company Secretary
Liz Vaughan-Adams, Communications 

+44 (0) 20 7444 0050
+44 (0) 20 7444 0062/+44 (0) 7979 853802

Charlotte Street Partners


David Gaffney

+44 (0) 7854 609998

Andrew Wilson

+44 (0) 7810 636995

 

 

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 .

 

ENDS

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