PDMR Dealing - SAYE Exercise

RNS Number : 4013E

IP Group PLC

27 October 2022

 

FOR RELEASE ON

27 October 2022

IP Group plc - SAYE Option Exercise

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), which develops world-changing science and technology businesses across life sciences, technology and cleantech, announces the following in connection with its employee share schemes. 

SAVE AS YOU EARN ("SAYE") SHARESAVE PLAN

Four of the Group's persons discharging managerial responsibilities ("PDMRs") exercised SAYE options under the Group's 2019 SAYE plan to buy a total of 104,447 ordinary shares of two pence each ("Shares") at 51.7 pence per share. 

In addition, other Group employees have exercised SAYE options over a total of 147,409 Shares.

The exercise of these options will be satisfied through the transfer of 251,856 Shares which the Group currently holds in treasury on or around 1 November 2022.

Shares in issue

At the date of this announcement, the Company continues to have 1,063,188,005 Shares in issue and 28,607,622 Shares held in treasury.

The following notifications, made in accordance with the requirements of article 19.3 of the EU Market Abuse Regulation, provide further details:

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	Angela Leach
2	Reason for the notification
a)	Position/status	PDMR Group General Counsel & Company Secretary
	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 2p each in IP Group plc   ISIN: GB00B128J450
b)	Nature of the transaction	Exercise of an option to acquire Ordinary Shares under the Group's 2019 SAYE.
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Angela Leach £0.517  6,963
e)	Aggregated information -Aggregated volume - Price - Aggregated total	6,963 £0.517 £ 3,599.88
f)	Date of the transaction	19 October 2022
g)	Place of the transaction	London

2	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Sam Williams
2	Reason for the notification
a)	Position/status	PDMR Managing Partner, Life Sciences
	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 2p each in IP Group plc   ISIN: GB00B128J450
b)	Nature of the transaction	Exercise of an option to acquire Ordinary Shares under the Group's 2019 SAYE.
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Sam Williams £0.517 34,816
e)	Aggregated information -Aggregated volume - Price - Aggregated total	34,816 £0.517 £17,999.88
f)	Date of the transaction	18thOctober 2022
g)	Place of the transaction	London

3	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Lisa Patel
2	Reason for the notification
a)	Position/status	PDMR Partner, Life Sciences
	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 2p each in IP Group plc   ISIN: GB00B128J450
b)	Nature of the transaction	Exercise of an option to acquire Ordinary Shares under the Group's 2019 SAYE.
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Lisa Patel £0.517  27,852
e)	Aggregated information -Aggregated volume - Price - Aggregated total	27,852 £0.517 £14,399.49
f)	Date of the transaction	18th October 2022
g)	Place of the transaction	London

4	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Douglas Moray Wright
2	Reason for the notification
a)	Position/status	PDMR CEO, Parkwalk
	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 2p each in IP Group plc   ISIN: GB00B128J450
b)	Nature of the transaction	Exercise of an option to acquire Ordinary Shares under the Group's 2019 SAYE.
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Douglas Moray Wright £0.517 34,816
e)	Aggregated information -Aggregated volume - Price - Aggregated total	34,816 £0.517 £17,999.88
f)	Date of the transaction	19th October 2022
g)	Place of the transaction	London

For more information, please contact:

IP Group plc	www.ipgroupplc.com
David Baynes, Chief Financial and Operating Officer Liz Vaughan-Adams, Communications	[phone] [phone]/[phone]

Notes for editors

About IP Group

IP Group develops world-changing science and technology businesses across life sciences, technology and cleantech (through Kiko Ventures). The Group has a strong track record of success, having been the founder investor in a number of high-profile companies including Oxford Nanopore Technologies plc, and has one of the most exciting portfolios of high-growth businesses in Europe. The Group also owns Parkwalk, the UK's largest growth EIS fund manager which backs world-changing technologies emerging from the UK's leading universities and research institutions. 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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