Placing & Open Offer timetable

RNS Number : 8207H

IP Group PLC

03 June 2011

 



3 June 2011

Placing and Open Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO, WITHIN OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

ALL TERMS ARE DEFINED AT THE BACK OF THIS ANNOUNCEMENT, UNLESS OTHERWISE DEFINED HEREIN

IP GROUP PLC

Proposed Placing and Open Offer - Record Date and

"Ex"-entitlement Date

Further to the Company's announcement at 07:00 a.m. today relating to its proposed Placing and Open Offer, the Company hereby clarifies the following details relating to the timetable of its proposed Placing and Open Offer:

Event	Time and /or date
Record Date for entitlement to participate in the Open Offer	2nd June 2011
"Ex"-entitlement date in respect of Existing Shares for the Open Offer	3rd June 2011
Latest time and date for receipt of completed Application forms and payment in full under the Open Offer	11.00 a.m. on 20 June 2011

The prospectus relating to the proposed Placing and Open Offer is expected to be published today.

Terms defined in the announcement released earlier today have the same meaning as in this announcement.

For further information, please contact:

IP Group plc
Alan Aubrey, Chief Executive Officer Greg Smith, Chief Financial Officer Liz Vaughan-Adams, Communication	Tel: [phone]        [phone]        [phone] /        [phone]
Numis Securities Limited
Michael Meade / James Black / Nick Stamp	Tel: [phone]
Financial Dynamics
Ben Atwell / John Dineen	Tel: [phone]

 

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