REG - IP Group PLC - DBSP awards; Director/PDMR shareholding

IPAnnouncement

25/04/2022 18:15

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RNS Number : 2734J  IP Group PLC  25 April 2022

 FOR RELEASE ON  25 APRIL 2022

 

IP Group plc - DBSP awards; Director/PDMR shareholding

 

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"),
which develops world-changing science and technology businesses across life
sciences, technology and cleantech, announces the following in connection with
its employee share schemes.

 

Deferred Bonus Share Plan ("DBSP") Awards

 

IP Group has granted nil-cost options over ordinary shares of two pence each
("Shares") to the executive directors and persons discharging managerial
responsibilities ("PDMRs") under the Group's DBSP on 21 April 2022. The grants
reflect the deferral of fifty per cent of each person's award above £25,000
under the Group's Annual Incentive Scheme ("AIS") in respect of the Group's
performance for the financial year ended 31 December 2021. The following table
sets out details of the awards made to the Executive Directors and PDMRs:

 

 Name of Director/PDMR  Structure of award  Number of options granted  Total number of options currently held
 Greg Smith             Nil-Cost Option     176,200                    298,403
 David Baynes           Nil-Cost Option     150,902                    269,013
 Sam Williams           Nil-Cost Option     82,364                     153,086
 Mark Reilly            Nil-Cost Option     94,736                     160,210
 Angela Leach           Nil-Cost Option     58,224                     102,758
 Christopher Glasson    Nil-Cost Option     41,088                     64,980
 Lisa Patel             Nil-Cost Option     3,680                      5,970
 Liz Vaughan-Adams      Nil-Cost Option     38,272                     52,664
 Moray Wright           Nil-Cost Option     84,876                     88,260
 Dan Xie                Nil-Cost Option     29,790                     44,874
 Anthony York           Nil-Cost Option     33,498                     33,498
 Total                                      793,630                    1,273,716

 

In addition to the above, awards over a total of 1,272,544 Shares were made to
certain other of the Group's employees. As at the date of this announcement, a
total of 3,377,871 nil-cost options over Shares remain outstanding under the
IP Group DBSP.

 

No consideration was paid for the grant of the awards and no consideration is
due on the maturity of the option period. Fifty per cent of the options will
normally be automatically exercised on 31 March 2023 and fifty per cent on 31
March 2024, with each such automatic exercise generally subject to continued
employment.

Shares in issue

At the date of this announcement, the Company continues to have 1,063,033,287
Shares in issue and 28,938,473 Shares held in treasury.

 

The following information is being disclosed pursuant to the requirements of
MAR.

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

DBSP awards

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Greg Smith

David Baynes

Sam Williams

Mark Reilly

Angela Leach

Christopher Glasson

                                                                  Lisa Patel

                                                                  Liz Vaughan-Adams

                                                                  Moray Wright

                                                                  Dan Xie

                                                                  Anthony York
 2   Reason for the notification
 a)  Position/status                                              Director        Chief Executive Officer

Director        Chief Operating and Financial Officer

PDMR          Managing Partner, Life Sciences

PDMR          Managing Partner, Technology

PDMR          General Counsel & Company Secretary

                                                                  PDMR          Finance Director

                                                                  PDMR          Partner, Employee Executive

                                                                  PDMR          Director of Communications

                                                                  PDMR          CEO Parkwalk

                                                                  PDMR          Partner, Employee Executive

                                                                  PDMR          Group People Director

 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                                    Grant of nil-cost options under the IP Group plc DBSP
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Name(s)              Price(s)         Volume(s)
                                                                  Greg Smith           Nil cost option  176,200
                                                                  David Baynes         Nil cost option  150,902
                                                                  Sam Williams         Nil cost option  82,364
                                                                  Mark Reilly          Nil cost option  94,736
                                                                  Angela Leach         Nil cost option  58,224
                                                                  Christopher Glasson  Nil cost option  41,088
                                                                  Lisa Patel           Nil cost option  3,680
                                                                  Liz Vaughan-Adams    Nil cost option  38,272
                                                                  Moray Wright         Nil cost option  84,876
                                                                  Dan Xie              Nil cost option  29,790
                                                                  Anthony York         Nil cost option  33,498

 
 e)  Aggregated information

     -Aggregated volume                                           Aggregated number of options granted under the DBSP to Directors and PDMRs on

                                                            21 April 2022: 793,630
     - Price

                                                            Price: £ nil
     - Aggregated total
 f)  Date of the transaction                                      21 April 2022
 g)  Place of the transaction                                     Outside a trading venue

 

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

Aggregated number of options granted under the DBSP to Directors and PDMRs on
21 April 2022: 793,630

Price: £ nil

f)

Date of the transaction

21 April 2022

g)

Place of the transaction

Outside a trading venue

 

 

 

For more information, please contact:

 

 IP Group plc                                             www.ipgroupplc.com (http://www.ipgroupplc.com)
 Liz Vaughan-Adams, Communications                        +44 (0) 20 7444 0062/+44 (0) 7979 853802
 Charlotte Street Partners
 David Gaffney                                            +44 (0) 7854 609998
 Andrew Wilson                                            +44 (0) 7810 636995

 

Notes for editors

 

About IP Group

 

IP Group develops world-changing science and technology businesses across life
sciences, technology and cleantech. The Group has a strong track record of
success, having been the founder investor in a number of high-profile
companies including Oxford Nanopore Technologies plc, and has one of the most
exciting portfolios of high-growth businesses in Europe. The Group also owns
Parkwalk, the UK's largest growth EIS fund manager which backs world-changing
technologies emerging from the UK's leading universities and research
institutions. 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
(http://www.ipgroupplc.com/) .

 

ENDS

 

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