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FOR RELEASE ON |
27 October 2021 |
IP Group plc - SAYE Option Exercise
IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces the following in connection with its employee share schemes.
Dr Mark Reilly, Managing Partner Technology, exercised options under the Group's 2018 Save As You Earn plan ("SAYE") to buy 10,898 Shares at 99.10 pence per share. Following satisfaction of the options, Dr Reilly's beneficial interest in the Company will be 73,351 ordinary shares, representing <0.01% of the total issued share capital.
Shares in issue
At the date of this announcement, the Company continues to have 1,063,033,287 ordinary shares in issue (including treasury shares).
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.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Mark Reilly |
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2 |
Reason for the notification |
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a) |
Position/status |
PDMR Managing Partner, Technology
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Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
IP Group plc |
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b) |
Legal Entity Identifier |
213800HG22UM138WFG43 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 2p each in IP Group plc |
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b) |
Nature of the transaction |
Exercise of an option to acquire Ordinary Shares under the Group's 2018 SAYE. |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information -Aggregated volume - Price - Aggregated total |
10,898 £0.991 £10,799.91 |
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f) |
Date of the transaction |
13 October 2021 |
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g) |
Place of the transaction |
London |
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For more information, please contact:
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IP Group plc |
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Angela Leach, Company Secretary |
+44 (0) 20 7444 0050 |
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Charlotte Street Partners |
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Andrew Wilson |
+44 (0) 7810 636995 |
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David Gaffney |
+44 (0) 7854 609998 |
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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