Director Shareholding

RNS Number : 9389I

IP Group PLC

26 November 2008

 



PRESS RELEASE                                                                                          26 November 2008

DIRECTORS' SHARE PURCHASES

IP Group plc (LSE: IPO) ('IP Group' or 'the Company' or 'the Group'), the UK's leading university intellectual property commercialisation company, announces that it has today received notification from Alan Aubrey, Chief Executive Officer, and David Norwood, Special Projects Director, regarding the purchase of Ordinary Shares in the Company.

The Company was notified on 25 November 2008 that Alan Aubrey, Chief Executive Officer, purchased in aggregate 62,000 Ordinary Shares in the Company at 33.5 pence per share as set out in the table below.

The Company was notified on 25 November 2008 that David Norwood, Special Projects Director, purchased in aggregate 308,000 Ordinary Shares in the Company at 33.5 pence per share as set out in the table below.

Director	Number of shares acquired	Price per share	Total value of transaction	Total percentage of issued shares acquired	Total number of shares held following acquisition	Total percentage of issued shares held following acquisition
Alan Aubrey, Chief Executive Officer	62,000	33.5p	£20,770	0.02%	916,865	0.37%
David Norwood, Special Projects Director	308,000	33.5p	£103,180	0.12%	4,688,172	1.87%

For further information, please contact: 

IP Group plc                            

Alan Aubrey, Chief Executive Officer              020 7444 0050

Liz Vaughan-Adams (Communications)        020 7444 0062/07979853802

Financial Dynamics

Ben Atwell, John Dineen                                  020 7831 3113

Notes for Editors

About IP Group

IP Group 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.

IP 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.

The Company's portfolio is diverse with exposure to five main sectors - Energy & Renewables, Healthcare & Life Sciences: Non-therapeutics, Healthcare & Life Sciences: Therapeutics, IT & Communications and Chemicals & Materials. To date, ten portfolio companies have listed on the AIM market of the London Stock Exchange, one on PLUS Markets and there have been two trade sales. IP Group also established three 'Modern-themed' subsidiaries - Modern Biosciences, Modern Water and Modern Waste. Modern Water was the first of these subsidiaries to float on AIM in June 2007.

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

ENDS

 

END

 

 

RDSFEIFWISASEIF