Directorate Change

RNS Number : 4224Z

IP Group PLC

14 December 2017

 

FOR RELEASE ON

14 December 2017

IP Group plc - Retirement of Non-executive Director

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), a leading developer of intellectual property-based businesses, announces that Doug Liversidge, CBE, will retire from his position as a non-executive director of the Company at the end of the year.

Mr Liversidge has served on the Board in a non-executive capacity since March 2014 following IP Group's acquisition of Fusion IP plc, where he was Chairman. He became Senior Independent Director of IP Group in March 2015.

Professor David Begg, who was appointed as a non-executive director in October 2017, will become Senior Independent Director with effect from 1 January 2018.

Mike Humphrey, Non-executive Chairman, said: "I would like to thank Doug both for his contribution to the Group and his wise counsel. He has played an important role in aiding the successful integration of Fusion IP and the Group's growth since that time and we wish him all the very best in his retirement."

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer Greg Smith, Chief Financial Officer Liz Vaughan-Adams, Communications	[phone] [phone]/[phone]
Charlotte Street Partners
Andrew Wilson Martha Walsh	[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 four main sectors -- Biotech, Cleantech, Healthcare and Technology. The Company, which recently announced the acquisition of Touchstone Innovations plc, 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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