TIDMIPO

RNS Number : 6880U

IP Group PLC

07 April 2021

 
 FOR RELEASE ON   7 April 2021 
 

IP Group plc - Director/PDMR share dealing & SAYE option exercise

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces that it has been notified of the following transactions in ordinary shares of 2 pence each in the Company ("Shares") by Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") on Thursday 1 April 2021:

- Greg Smith, Chief Financial Officer, transferred, via sale and purchase, 17,000 Shares into his ISA. Mr Smith sold Shares at 125.5 pence per share and bought Shares at 125.7 pence per share. Following the transfer, Mr Smith's beneficial interest in the Company remains unchanged at 339,403 Shares, representing 0.03% of the total issued share capital.

- Angela Leach, General Counsel and Company Secretary, bought 15,020 Ordinary Shares into her ISA at 125.8 pence per share. Following the purchase, Ms Leach's beneficial interest in the Company is now 274,272 Shares, representing 0.03% of the total issued share capital.

- Dr Mark Reilly, Managing Partner Technology, exercised options under the Group's 2017 Save As You Earn plan ("SAYE") to buy 6,315 Shares at 114 pence per share. Following satisfaction of the options, Mr Reilly's beneficial interest in the Company will be 46,645 Shares, representing <0.01% of the total issued share capital.

Shares in issue

At the date of this announcement, the Company continues to have 1,062,353,734 ordinary shares in issue.

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                                                         Greg Smith 
2   Reason for the notification 
a)  Position/status                                              Chief Financial Officer 
b)  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  Ordinary Shares of 2p each in IP Group plc 
     Identification code 
                                                                  ISIN: GB00B128J450 
b)  Nature of the transaction                                    Sale and purchase of Shares 
c)  Currency                                                     GBP 
d)  Price(s) and volume(s)                                                  Price(s)   Volume(s) 
                                                                  Sale       GBP1.255    17,000 
                                                                  Purchase   GBP1.257    17,000 
e)  Aggregated information                                                  Price(s)  Volume(s)  Aggregated total 
     -Aggregated volume                                            Sale      GBP1.255   17,000       GBP21,336 
     - Price                                                       Purchase  GBP1.257   17,000       GBP21,369 
     - Aggregated total 
f)  Date of the transaction                                      Sale: 1 April 2021 
                                                                  Purchase: 1 April 2021 
g)  Place of the transaction                                     London 
 
 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                      Mark Reilly 
2   Reason for the notification 
a)  Position/status                                           PDMR Managing Partner, Technology 
b)  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          Ordinary Shares of 2p each in IP Group plc 
    instrument 
    Identification code                                        ISIN: GB00B128J450 
b)  Nature of the transaction                                 Exercise of an option to acquire Ordinary Shares under 
                                                              the Group's 2017 SAYE. 
c)  Currency                                                  GBP 
d)  Price(s) and volume(s)                                    Name(s)       Price(s)   Volume(s) 
                                                               Mark Reilly   GBP1.14      6,315 
e)  Aggregated information 
     -Aggregated volume                                         6,315 
     - Price                                                    Price: GBP1.14 
     - Aggregated total                                         GBP7,200 
f)  Date of the transaction                                   1 April 2021 
g)  Place of the transaction                                  London 
 
 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                         Angela Leach 
2   Reason for the notification 
a)  Position/status                                              PDMR - General Counsel & Company Secretary 
b)  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  Ordinary Shares of 2p each in IP Group plc 
     Identification code 
                                                                  ISIN: GB00B128J450 
b)  Nature of the transaction                                    Purchase of Ordinary Shares 
c)  Currency                                                     GBP 
d)  Price(s) and volume(s)                                       Name(s)        Price(s)    Volume(s) 
                                                                  Angela Leach   GBP1.2583    15,020 
e)  Aggregated information 
     -Aggregated volume                                            15,020 
     - Price                                                       Price: GBP1.2583 
     - Aggregated total                                            GBP18,900 
f)  Date of the transaction                                      1 April 2021 
g)  Place of the transaction                                     London 
 

For more information, please contact:

 
 IP Group plc                           www.ipgroupplc.com 
                                        +44 (0) 20 7444 0050 
 Greg Smith, Chief Financial Officer 
  Angela Leach, Company Secretary        +44 (0) 20 7444 0062/+44 (0) 
  Liz Vaughan-Adams, Communications      7979 853802 
 

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 .

ENDS

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