Director/PDMR Shareholding

RNS Number : 4527Y

IP Group PLC

08 September 2015

 

FOR RELEASE ON

08 September 2015

IP Group plc - SAYE scheme

IP Group plc (LSE: IPO) ("IP Group" or "the Company"), the developer of intellectual property based businesses, announces the following grants of options over the Company's Ordinary Shares of 2p each, under its Save As You Earn ("SAYE") Sharesave Plan, to Directors and PDMRs of the Company, as detailed below.

Name	Plan duration	Number of options granted
Directors
David Baynes	3 years	4,193
Greg Smith	3 years	3,459
PDMRs
Angela Leach	3 years	1,048

In addition to the above, options over a total of 63,209 Shares were granted to certain other employees of the Group under the Sharesave Plan.

All of the above SAYE options have been granted on 08 September 2015 at an exercise price of 171.7p per share, with the SAYE contracts commencing on 1 October 2015. The exercise price was set in accordance with HM Revenue & Customs rules for Sharesave plans.

Permitted exercise periods are for a period of six months from the end of the plan period, ordinarily 01 October 2018 to 01 April 2019 for the 3 year plan and 01 October 2020 to 01 April 2021 for the 5 year plan.

The Company currently has 564,619,369 Ordinary Shares in issue.

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Angela Leach, Company Secretary	[phone]
Liz Vaughan-Adams, Communications	[phone] / [phone] [e-mail]

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, networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in over 90 early-stage to mature businesses across four main sectors -- Biotech, Cleantech, Healthcare and Technology. The Company 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

 

END

 

 

RDSUGURUBUPAGAR