Directorate Change

RNS Number : 6892F

IP Group PLC

11 March 2020

 

FOR RELEASE ON

1 1 March 2020

IP Group - Board change

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property-based businesses, announces that Jonathan Brooks is retiring from his position as a non-executive director after nearly nine years in the role.

Mr Brooks, who was Chair of the Group's Audit & Risk Committee until September 2019 stepped down from the Board at the close of business yesterday following the approval of the Group's 2019 Annual Results, which have been announced this morning. 

Dr Caroline Brown succeeded Mr Brooks as Chair of the Audit & Risk Committee in September 2019 and Heejae Chae succeeded him as Chair of the Remuneration Committee in December 2019, allowing for an orderly hand over of Committee Chair responsibilities.

Sir Douglas Flint, Non-executive Chairman, said: " On behalf of shareholders and the Board, I want to record our sincere appreciation of Jonathan's dedication and wise counsel over his period of service ."

This announcement is made pursuant to Listing Rule 9.6.11R. There are no other details required to be disclosed under Listing Rule 9.6.13R. There are no further disclosures required under the Disclosure and Transparency Rules.

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer Greg Smith, Chief Financial Officer Liz Vaughan-Adams, Communications	[phone] [phone]/[phone]
Charlotte Street Partners
Andrew Wilson	[phone]
David Gaffney	[phone]

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 (through its 100%-owned FCA-authorised subsidiaries IP Capital and Parkwalk Advisors), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in early stage to mature businesses across life sciences and technology. 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 .

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