Long Term Incentive Plan

RNS Number : 0562V

IP Group PLC

27 October 2010

 

PRESS RELEASE                                                                                                 27 October 2010

IP Group plc - Long Term Incentive Plan

IP Group plc (LSE: IPO) ("IP Group" or "the Company"), the developer of intellectual property based businesses, announces that it has made a conditional award of 6,738,636 ordinary shares of 2 pence each ("Ordinary Shares") to its executive directors under its Long Term Incentive Plan (the "LTIP").

Conditional awards have been made to the executive directors as follows:

Executive Director	Maximum number of Ordinary Shares awarded	Maximum number of conditional share awards outstanding at the date of this announcement
Alan Aubrey	2,556,818	2,556,818
Alison Fielding	2,090,909	2,090,909
Mike Townend	2,090,909	2,090,909

The number of Ordinary Shares stated is the maximum number that could be issued to each executive director upon full satisfaction of the performance conditions attached to the awards. Fifty percent of each executive director's award shall vest based on the achievement by the Company of a net asset value target and fifty percent shall vest based on the achievement by the Company of a total shareholder return target, each over the three year period from 31 December 2009 to 31 December 2012.

None of the Ordinary Shares that were previously conditionally awarded to the Company's executive directors in May 2007 under the LTIP, which was itself approved at the Company's Annual General Meeting in 2007, have been issued and those awards have lapsed.

As at the date of this announcement, a total of 12,853,707 Ordinary Shares have been conditionally awarded to executive directors and employees of IP Group and remain subject to performance conditions. The Company currently has 255,763,664 Ordinary Shares in issue.

A copy of the rules of the LTIP is available to shareholders upon request.

 For more information, please contact:

IP Group	www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer	[phone]
Liz Vaughan-Adams, Communications	[e-mail] [phone] /[phone]
Financial Dynamics
Ben Atwell, John Dineen	[phone]

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, Medical Equipment & Supplies, Pharma & Biotech, IT & Communications and Chemicals & Materials. To date, thirteen portfolio companies have listed on the AIM market of the London Stock Exchange, one on PLUS Markets and there have been five trade sales.

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

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