REG - IP Group PLC - Director/PDMR Shareholding

IPAnnouncement

19/09/2018 09:55

RNS Number : 2528B
IP Group PLC
19 September 2018
 





FOR RELEASE ON


19 September 2018



 
 
IP Group plc - Director's share purchase
 
IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, has been notified that on 18 September 2018, Heejae Chae, a Non-executive Director of the Company, purchased a total of 16,073 Ordinary Shares of 2p each at a price of 124.43 pence per share.
 
Following this purchase, Heejae Chae now has a total beneficial interest in 16,073 Ordinary Shares, representing less than 0.01 per cent of the Company's current issued share capital.
 
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Heejae Chae




2


Reason for the notification




a)


Position/status


 Non-executive Director
 




b)


Initial notification/Amendment


Initial Announcement




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


IP Group plc




b)


LEI


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


Purchase of shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




 124.43 pence


16,073



 




d)


Aggregated information
-     Aggregated volume
-     Price


Not applicable - single transaction




e)


Date of the transaction


18 September 2018




f)


Place of the transaction


London Stock Exchange, Main Market



 
For more information, please contact:
 



IP Group plc


www.ipgroupplc.com




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




Martha Walsh


+44 (0) 7876 245962



 
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




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHGGUBCBUPRURB