REG - IP Group PLC - Director/PDMR Shareholding, SAYE scheme

IPAnnouncement

08/09/2021 10:55

RNS Number : 1258L
  
IP Group PLC
  
08 September 2021
  
 




FOR RELEASE ON


08 September 2021



 
IP Group plc - SAYE Scheme; PDMR shareholding
 
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. 
 
 
SAVE AS YOU EARN ("SAYE") SHARESAVE PLAN
 
IP Group has granted options over the Company's ordinary shares of 2p each ("Shares"), under its SAYE Sharesave Plan to persons discharging managerial responsibilities ("PDMRs") of the Company as detailed below.
 



 Name


Plan duration


Number of options granted




Anthony York


3 years


8,720




Mark Reilly


3 years


6,976



 
In addition to the above, options over a total of 46,810 Shares were granted to certain other employees of the Group under the Sharesave Plan.
 
All of the above SAYE options have been granted on 08 September 2021 at an exercise price of 103.2p per share, with the SAYE contracts commencing on 1 November 2021. The exercise price was set in accordance with HM Revenue & Customs rules for Sharesave plans.
Permitted exercise periods are for a period of six months from the end of the plan period, ordinarily 1 November 2024.
 
Shares in issue
At the date of this announcement, the Company continues to have 1,062,788,114 ordinary shares in issue.
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.
 
SAYE Sharesave Plan
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name(s)


Anthony York
Mark Reilly


















2


Reason for the notification




a)


Position/status


PDMR          Group People Director

PDMR          Managing Partner, Technology








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
Identification code


Ordinary Shares of 2p each in IP Group plc
 

ISIN: GB00B128J450




b) 


Nature of the transaction


Conditional award of Shares under the IP Group plc SAYE Sharesave Plan




c)


Currency 


GBP




d) 


Price(s) and volume(s)





Name(s)


Price(s)


Volume(s)




Anthony York


103.2p


8,720 




Mark Reilly


103.2p


6,976 




























































































e)


Aggregated information
-Aggregated volume
 
- Price
- Aggregated total


 
Aggregated Number of Shares conditionally awarded under the SAYE Sharesave Plan to PDMRs on 08 September 2021: 15,696
Price: 103.2p 




f)


Date of the transaction


08 September 2021




g)


Place of the transaction


Outside a trading venue
 



 
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


+44 (0) 7810 636995




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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