RCS - IP Group PLC - Disposal of holding in Tracsis plc <Origin Href="QuoteRef">IPO.L</Origin>

IPAnnouncement

10/03/2016 14:30

RNS Number : 7293R
IP Group PLC
10 March 2016
FOR RELEASE ON
10 March 2016
IP Group plc - Disposal of holding in Tracsis plc
IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, is pleased to announce that it has realised its entire holding in portfolio company Tracsis plc.
The Group received net cash proceeds of 13.1m from the sale, bringing total proceeds to date, including dividends, to 14.3m. This represents an Internal Rate of Return of approximately 58% and a multiple of approximately 38 times the Group's investment of 0.4m.
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 
+44 (0) 20 7444 0050

+44 (0) 20 7444 0062/+44 (0) 7979 853802
Charlotte Street Partners

Andrew Wilson
Chris Sibbald
+44 (0) 7810 636995
+44 (0) 7855 955531
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 subsidiary IP 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.
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