IP Group PLC
05 December 2006
IP Group plc ('IP Group' or 'the Company')
Director's dealings
IP Group plc (LSE: IPO), the intellectual property commercialisation company,
was notified today that the Company's Executive Chairman David Norwood has
sold, on London Stock Exchange plc, 500,000 ordinary shares of 2p each
('Ordinary Shares') in the Company at a price of £1.36 per share, representing
0.2% of the Company's current issued share capital. Following the sale, Mr
Norwood is beneficially interested in 4,280,172 Ordinary Shares of the Company,
representing 1.74% of the Company's issued share capital.
For more information, please contact:
IP Group plc 020 7489 5200
Alan Aubrey, Chief Executive Officer
Liz Vaughan-Adams (communications) 020 7489 5206/07979 853802
Buchanan Communications 020 7466 5000
Mark Court, Tim Anderson, Mary-Jane Johnson
Notes for editors
About IP Group
IP Group plc is an intellectual property (IP) commercialisation company that
specialises in commercialising university technology. Founded in 2001, IP Group
listed on AiM in October 2003 and moved to the Official List in June 2006. It
has made two acquisitions to date - Techtran, a company set up to commercialise
university intellectual property under a long term contract with the University
of Leeds, in 2005 and Top Technology Ventures, an investment adviser to early
stage technology venture capital funds, in 2004.
The Group has formed long-term partnerships with ten universities - the
University of Oxford, King's College London, CNAP/University of York, the
University of Leeds, the University of Bristol, the University of Surrey, the
University of Southampton, Queen Mary, University of London, the University of
Bath and the University of Glasgow.
As at 30 June 2006, 44 spin-out companies had been created among the group's
university partners. Of those, eight have listed on the AiM market of the
London Stock Exchange and there have been two trade sales.
For more information, please visit our website at www.ipgroupplc.com.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
This information is provided by RNS
The company news service from the London Stock Exchange
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