REG - IP Group PLC - Director/PDMR Shareholding

IPAnnouncement

07/04/2021 11:30

RNS Number : 6880U
  
IP Group PLC
  
07 April 2021
  
 




FOR RELEASE ON


7 April 2021



 
IP Group plc - Director/PDMR share dealing & SAYE option exercise
 
IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces that it has been notified of the following transactions in ordinary shares of 2 pence each in the Company ("Shares") by Directors and other Persons Discharging Managerial Responsibilities ("PDMRs") on Thursday 1 April 2021:
 
-     Greg Smith, Chief Financial Officer, transferred, via sale and purchase, 17,000 Shares into his ISA. Mr Smith sold Shares at 125.5 pence per share and bought Shares at 125.7 pence per share. Following the transfer, Mr Smith's beneficial interest in the Company remains unchanged at 339,403 Shares, representing 0.03% of the total issued share capital.
-     Angela Leach, General Counsel and Company Secretary, bought 15,020 Ordinary Shares into her ISA at 125.8 pence per share. Following the purchase, Ms Leach's beneficial interest in the Company is now 274,272 Shares, representing 0.03% of the total issued share capital.
-     Dr Mark Reilly, Managing Partner Technology, exercised options under the Group's 2017 Save As You Earn plan ("SAYE") to buy 6,315 Shares at 114 pence per share. Following satisfaction of the options, Mr Reilly's beneficial interest in the Company will be 46,645 Shares, representing <0.01% of the total issued share capital.
 
Shares in issue
At the date of this announcement, the Company continues to have 1,062,353,734 ordinary shares in issue.
The following notifications, made in accordance with the requirements of article 19.3 of the EU Market Abuse Regulation, provide further details:
 
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


Greg Smith




2


Reason for the notification




a)


Position/status


Chief Financial Officer




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
Identification code


Ordinary Shares of 2p each in IP Group plc
 

ISIN: GB00B128J450




b) 


Nature of the transaction


Sale and purchase of Shares




c)


Currency 


GBP




d) 


Price(s) and volume(s)









Price(s)


Volume(s)




Sale


£1.255


17,000




Purchase


£1.257


17,000








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 







Price(s)


Volume(s)


Aggregated total




Sale


£1.255


17,000


£21,336




Purchase


£1.257


17,000


£21,369








f)


Date of the transaction


Sale: 1 April 2021

Purchase: 1 April 2021




g)


Place of the transaction


London
 



 
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Mark Reilly




2


Reason for the notification




a)


Position/status


PDMR          Managing Partner, Technology




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
Identification code


Ordinary Shares of 2p each in IP Group plc
 

ISIN: GB00B128J450




b) 


Nature of the transaction


Exercise of an option to acquire Ordinary Shares under the Group's 2017 SAYE.




c)


Currency 


GBP




d) 


Price(s) and volume(s)





Name(s)


Price(s)


Volume(s)




Mark Reilly


£1.14


6,315








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
6,315
Price: £1.14 
£7,200




f)


Date of the transaction


1 April 2021




g)


Place of the transaction


London
 



 
 
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Angela Leach




2


Reason for the notification




a)


Position/status


PDMR - General Counsel & Company Secretary




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
Identification code


Ordinary Shares of 2p each in IP Group plc
 

ISIN: GB00B128J450




b) 


Nature of the transaction


Purchase of Ordinary Shares




c)


Currency 


GBP




d) 


Price(s) and volume(s)





Name(s)


Price(s)


Volume(s)




Angela Leach


£1.2583


15,020








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
15,020
Price: £1.2583 
£18,900




f)


Date of the transaction


1 April 2021




g)


Place of the transaction


London
 



 
 
 
 
 
For more information, please contact:
 



IP Group plc


www.ipgroupplc.com




Greg Smith, Chief Financial Officer

Angela Leach, Company Secretary
Liz Vaughan-Adams, Communications            


+44 (0) 20 7444 0050



+44 (0) 20 7444 0062/+44 (0) 7979 853802



 
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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