Director/PDMR Shareholding

RNS Number : 6672S

IP Group PLC

13 March 2023

 

FOR RELEASE ON

13 March 2023

IP Group - Director/PDMR share purchases

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), which invests in breakthrough science and innovation companies with the potential to create a better future for all, has been notified that on 09 March 2023, Greg Smith, Chief Executive Officer, David Baynes, Chief Financial and Operating Officer, and Lady Flint, the wife of Sir Douglas Flint, Chairman, purchased a total of 35,052, 35,068 and 46,000 Shares of 2p each respectively as outlined in the below table.

Name	Title	Number of shares acquired	Price per share	Resulting beneficial interest in shares*	Resulting beneficial interest as a percentage of the Company's issued share capital
Greg Smith	Chief Executive Officer	35,052	57.1 p	600,587	0.056%
David Baynes	Chief Financial and Operating Officer	35,068	56.7 p	545,121	0.051%
Lady Fiona Flint	(PCA of Sir Douglas Flint)	46,000	58.4p	94,500**	0.009%**

* Where relevant, beneficial interest in shares includes shares that are subject to award under the Company's Long Term Incentive Plan which have vested by reference to performance conditions, but which remain subject to a holding period and thus have not yet been formally issued. 153,315 shares have been included for Mr Smith and 153,315 shares for Mr Baynes, which represents the total number of shares subject to such awards net of an assumed tax rate of 47%.

** Total beneficial interest of Sir Douglas Flint, Chairman and Lady Fiona Flint

The notification below, made in accordance with the requirements of article 19 of the UK 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) 30,655 4,397 57.1p 56.9p
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction 35,052 57.07 pence per share
e)	Date of the transaction	09 March 2023
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Baynes
2	Reason for the notification
a)	Position/status	Chief Financial and Operating 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)  56.67 pence per share 35,068
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	09 March 2023
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lady Fiona Flint
2	Reason for the notification
a)	Position/status	PCA of Sir Douglas Flint, Chairman
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)  58.4 pence per share 46,000
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	09 March 2023
f)	Place of the transaction	London Stock Exchange, Main Market

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Greg Smith, Chief Executive Officer David Baynes, Chief Financial and Operating Officer Liz Vaughan-Adams, Communications	[phone] [phone]/[phone]
Portland
Vic Wallin Alex Donaldson	[phone] [phone]

Notes for editors

About IP Group

IP Group  accelerates the impact of science for a better future. As  the  most active  UK based,  early stage science investor ,  we develop and support some  of th e world's  most exciting   businesses in deeptech, life sciences and cleantech (led by Kiko Ventures). Through Parkwalk, the UK's largest growth EIS fund manager, we also back world-changing innovation emerging in leading universities and research institutions. Our specialist investment team combines sector expertise with an international approach. Together we have a strong track record of success, having backed high-profile companies including Oxford Nanopore Technologies plc, First Light Fusion, Hysata, and Oxbotica. 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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