Director/PDMR Shareholding

RNS Number : 4542C

IP Group PLC

16 April 2013

 



 

FOR RELEASE ON

16 April 2013

IP Group plc - Director / PDMR Shareholding and Issue of Equity

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property based businesses, announces that it has today issued 9,495,195 new ordinary shares of 2p each (the "Shares") following the vesting of conditional awards of shares made under the Company's Long Term Incentive Scheme (the "Scheme") in October 2010 (the "2010 Awards"). As described in the Group's 2012 Annual Report and Accounts, 81% of the 2010 Awards vested.

As a result, the Company today received notification from the following Directors/Persons Discharging Managerial Responsibilities in relation to the acquisition of Shares under the Scheme and subsequent sale, at an aggregate price of 145p per share, as set out in the table below.

				Resultant beneficial interest
Director/PDMR	Position	Shares vested	Shares sold	Shares	%
Alan Aubrey1	Chief Executive Officer	2,071,023	1,146,104	2,237,089	0.6%
Alison Fielding2	Chief Operating Officer	1,693,636	1,137,258	1,051,008	0.3%
Mike Townend2	Chief Investment Officer	1,693,636	1,087,258	910,718	0.2%
Charles Winward1	Executive Director	574,364	317,853	262,446	0.1%
Greg Smith1	Chief Financial Officer	466,364	258,086	227,685	0.1%
Angela Leach1	Company Secretary	466,364	258,086	215,823	0.1%

¹ Indicates that Shares were sold in such amounts so as to satisfy income tax, national insurance and other liabilities arising through the vesting of the 2010 Awards.

² Indicates that Shares were sold over and above tax and national insurance liabilities.

An application has been made to the Financial Conduct Authority for admission of the Shares to the premium listing segment of the Official List maintained by the UK Listing Authority and to the London Stock Exchange. It is expected that admission will take place on 17 April.

Following admission the Company will have 375,258,859 ordinary shares in issue.

For more information, please contact:

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

Notes for editors

About IP Group

IP Group is a leading UK intellectual property ("IP") commercialisation company, developing technology innovations primarily from its research intensive partner universities. The Group offers more than traditional venture capital, providing its companies with access to business building expertise, networks, recruitment and business support.

The Company's portfolio comprises holdings in over 60 companies including Oxford Nanopore Technologies, the DNA sequencing development company, Revolymer, best known for its removable chewing gum and Xeros, which has received many accolades for its revolutionary clothes washing techniques with a much reduced requirement for water.

The portfolio includes early stage to mature businesses and has exposure to five main sectors - Energy & Renewables, Medical Equipment & Supplies, Pharma & Biotech, IT & Communications and Chemicals & Materials. To date, fifteen of the portfolio companies IP Group has backed have listed on the AIM market of the London Stock Exchange and one on ISDX.

Founded in 2001, IP Group listed on AIM in October 2003 and moved to the Official List in June 2006.

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

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