IP Group plc - Director/PDMR share purchase

RNS Number : 8130J

IP Group PLC

04 April 2018

 

4 April 2018

IP Group plc - Director/PDMR share purchase

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 3 and 4 April 2018, the directors listed in the below table purchased a total of 174,254 Ordinary Shares of 2p each at prices of between 116.4 and 121.0 pence per share.

The details of the purchases and resultant total interests are set out below.

Name	Title	Date of purchase	Total number of shares purchased	Price per share	Resulting number of shares held	Resulting number of shares held as a percentage of the Company's issued share capital
Alan Aubrey	Chief Executive Officer	3 April 2018	81,000	121.0p	2,647,428	0.25%
Mike Townend	Chief Investment Officer	3 April 2018	20,000	121.0p	1,156,902	0.11%
Greg Smith	Chief Financial Officer	3 April 2018	10,000	121.0p	298,351	0.03%
David Baynes	Chief Operating Officer	4 April 2018	16,000	121.0p	262,975	0.02%
Mike Humphrey	Chairman	3 April 2018	20,000	119.0p	106,153	0.01%
Jonathan Brooks	Non-Executive Director	3 April 2018	17,210	116.4p	81,826	0.01%
David Begg	Senior Independent Director	3 April 2018	1,763	116.9p	42,391	0.00%
Lynn Gladden	Non-Executive Director	3 April 2018	8,281	120.0p	8,281	0.00%

In addition, on 3 April 2018 David Begg transferred 37,367 shares to an ISA account with no change of beneficial ownership and Greg Smith transferred 12,480 shares to an ISA account with no change of beneficial ownership.

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	Alan Aubrey
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IP Group plc
b)	Legal Entity Identifier	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 2.0p each ISIN: GB00B128J450
b)	Nature of the transaction	Purchase of shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		121.0p	81,000
e)	Aggregated information - Aggregated volume - Price - Aggregated total	81,000 121.0p £98,010
f)	Date of the transaction	3 April 2018
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mike Townend
2	Reason for the notification
a)	Position/status	Chief Investment Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IP Group plc
b)	Legal Entity Identifier	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 2.0p each ISIN: GB00B128J450
b)	Nature of the transaction	Purchase of shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		121.0p	20,000
e)	Aggregated information - Aggregated volume - Price - Aggregated total	20,000 121.0p £24,200
f)	Date of the transaction	3 April 2018
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Greg Smith
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IP Group plc
b)	Legal Entity Identifier	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 2.0p each ISIN: GB00B128J450
b)	Nature of the transaction	Purchase of shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		121.0p	10,000
e)	Aggregated information - Aggregated volume - Price - Aggregated total	10,000 121.0p £12,100
f)	Date of the transaction	3 April 2018
g)	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 Operating Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IP Group plc
b)	Legal Entity Identifier	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 2.0p each ISIN: GB00B128J450
b)	Nature of the transaction	Purchase of shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		121.0p	16,000
e)	Aggregated information - Aggregated volume - Price - Aggregated total	16,000 121.0p £19,360
f)	Date of the transaction	4 April 2018
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mike Humphrey
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IP Group plc
b)	Legal Entity Identifier	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 2.0p each ISIN: GB00B128J450
b)	Nature of the transaction	Purchase of shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		119.0p	20,000
e)	Aggregated information - Aggregated volume - Price - Aggregated total	20,000 119.0p £23,800
f)	Date of the transaction	3 April 2018
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jonathan Brooks
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IP Group plc
b)	Legal Entity Identifier	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 2.0p each ISIN: GB00B128J450
b)	Nature of the transaction	Purchase of shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		116.4p	17,210
e)	Aggregated information - Aggregated volume - Price - Aggregated total	17,210 116.4p £20,032
f)	Date of the transaction	3 April 2018
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Begg
2	Reason for the notification
a)	Position/status	Senior Independent Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IP Group plc
b)	Legal Entity Identifier	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 2.0p each ISIN: GB00B128J450
b)	Nature of the transaction	Purchase of shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		116.9p	1,763
e)	Aggregated information - Aggregated volume - Price - Aggregated total	1,763 116.9p £2,061
f)	Date of the transaction	3 April 2018
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Lynn Gladden
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IP Group plc
b)	Legal Entity Identifier	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 2.0p each ISIN: GB00B128J450
b)	Nature of the transaction	Purchase of shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		120.0p	8,281
e)	Aggregated information - Aggregated volume - Price - Aggregated total	8,281 120.0p £9,937
f)	Date of the transaction	3 April 2018
g)	Place of the transaction	London Stock Exchange, Main Market

- ENDS -

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Greg Smith, Chief Financial Officer Liz Vaughan-Adams, Communications	[phone] [phone]/[phone]
Charlotte Street Partners
Andrew Wilson	[phone]
Martha Walsh	[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 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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