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

IPAnnouncement

28/09/2023 16:30

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RNS Number : 0557O  IP Group PLC  28 September 2023

 FOR RELEASE ON  28 September 2023

 

IP Group plc - SAYE Scheme; PDMR shareholding

 

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"),
which invests in breakthrough science and innovation companies with the
potential to create a better future for all, 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
 Greg Smith            3 years        39,586
 Angela Leach          3 years        15,834
 Mark Reilly           3 years        15,834
 Douglas Moray Wright  3 years        39,586
 Anthony York          3 years        39,586

 

In addition to the above, options over a total of 961,933 Shares were granted
to certain other employees of the Group under the Sharesave Plan.

 

All of the above SAYE options have been granted on 28 September 2023 at an
exercise price of 46.86 pence per share, with the SAYE contracts commencing on
01 November 2023. 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 01 November 2026.

Shares in issue

At the date of this announcement, the Company continues to have 1,063,188,005
Shares in issue and 26,273,218 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.

 

 

SAYE Sharesave Plan

 

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

                                                                  Angela Leach

                                                                  Mark Reilly

                                                                  Douglas Moray Wright

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

                                                                  PDMR                           Group General Counsel
                                                                  & Company Secretary

                                                                  PDMR                           Managing Partner,
                                                                  Technology

                                                                  PDMR                           CEO, Parkwalk

                                                                  PDMR                           Group People Director
     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                                    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)

                                                                  Greg Smith            46.86p    39,586
                                                                  Angela Leach          46.86p    15,834
                                                                  Mark Reilly           46.86p    15,834
                                                                  Douglas Moray Wright  46.86p    39,586
                                                                  Anthony York          46.86p    39,586
 e)  Aggregated information

     -Aggregated volume                                           Aggregated Number of Shares conditionally awarded under the SAYE Sharesave

                                                            Plan to PDMRs on 28 September 2023: 150,426
     - Price

                                                            Price: 46.86p
     - Aggregated total

 f)  Date of the transaction                                      28 September 2023
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

Aggregated Number of Shares conditionally awarded under the SAYE Sharesave
Plan to PDMRs on 28 September 2023: 150,426

Price: 46.86p

 

f)

Date of the transaction

28 September 2023

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

 Portland

 Vic Wallin                               +44 (0) 7973 823119

 Alex Donaldson                           +44 (0) 7516 729702

Notes for editors

 

About IP Group

 

IP Group accelerates the impact of science for a better
future. As the most active UK based, early stage science investor, we
develop and support some of the world's most exciting businesses in
deeptech, life sciences and cleantech (led by Kiko Ventures). Through
Parkwalk, the UK's largest growth EIS fund manager, we also back
world-changing innovation emerging in leading universities and research
institutions. Our specialist investment team combines sector expertise with
an international approach. Together we have a strong track record of success,
having backed high-profile companies including Oxford Nanopore Technologies
plc, First Light Fusion, Hysata, and Oxbotica. 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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