REG - IP Group PLC - Director/PDMR Shareholding

IPAnnouncement

28/05/2021 15:40

RNS Number : 2571A
  
IP Group PLC
  
28 May 2021
  
 




FOR RELEASE ON


28 May 2021



 
IP Group plc - Exercise of options 
 
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.
 
Exercise of Deferred Bonus Share Plan ("DBSP") options
 
The Group's four executive directors and three of its PDMRs exercised DBSP options over a total of 199,100 ordinary shares of two pence each ("Shares"), resulting from the partial deferral of annual bonuses from 2018, 2019 and 2020 on 27 May 2021. In addition, on the same date, other Group employees exercised DBSP options over a total of 171,937 shares resulting from the partial deferral of bonuses from the same period.  IP Group's employee benefit trust satisfied the exercise of these options through the purchase of 371,037 existing Shares at an average price of 121.6077p.  
 
All of the executive directors and Mark Reilly sold sufficient Shares to meet their tax liabilities. Sam Williams and Angela Leach sold all of the Shares resulting from their option exercises.  The balance of the Shares retained by the executive directors will continue to be held by IP Group's employee benefit trust on behalf of, and as nominee for, the executive directors in order to assist the Group in its application of its Post Cessation Shareholding Policy. 
 
Shares in issue
As the Group's employee benefit trust purchased existing Shares to satisfy the option exercises, the Company continues to have 1,062,353,734 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.
 
 
DBSP exercise



1


Details of the person discharging managerial responsibilities/person closely associated







a)


Name


Alan Aubrey







2


Reason for the notification




a)


Position/status


Chief Executive 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


Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Alan Aubrey


 Nil cost option


  49,212








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
49,212
121.6077p



£59,845.58




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market
 
































1


Details of the person discharging managerial responsibilities/person closely associated







a)


Name


Alan Aubrey







2


Reason for the notification




a)


Position/status


Chief Executive 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




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Alan Aubrey


 121.6077p


   23,130








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
23,130 
121.6077p



£28,127.42




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market
 
































1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


David Baynes







2


Reason for the notification




a)


Position/status


Chief Operating 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


Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




David Baynes


 Nil cost option


  27,034



 




e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
27,034
121.6077p



£32,875.43




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


David Baynes







2


Reason for the notification




a)


Position/status


Chief Operating 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




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




David Baynes  


121.6077p


12,706








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
12,706 
121.6077p 
£15,451.45 
 




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 
 
 



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


Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Greg Smith


 Nil cost option


  27,034



 




e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
27,034
121.6077p 
£32,875.43
 




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 



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




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Greg Smith  


121.6077p


12,706








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
12,706 
121.6077p 
£15,451.45




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Mike Townend







2


Reason for the notification




a)


Position/status


Chief Investment 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


Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Mike Townend


 Nil cost option


  27,034



 




e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
27,034
121.6077p 
£32,875.43




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Mike Townend







2


Reason for the notification




a)


Position/status


Chief Investment 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




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Mike Townend 


121.6077p


12,706








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
12,706
121.6077p
£15,451.45




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 
 
 



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 options in connection with the 2019 DBSP and 2020 DBSP Awards




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Mark Reilly


 Nil cost option


  29,827



 




e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
29,827
121.6077p   
£36,271.93




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market
































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


Sale




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Mark Reilly


121.6077p


14,019



 




e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
14,019 
121.6077p 
£17,047.81




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market




























 1


Details of the person discharging managerial responsibilities/person closely associated







a)


Name


Sam Williams







2


Reason for the notification




a)


Position/status


PDMR          Managing Partner, Life Sciences




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 options in connection with the 2019 DBSP and 2020 DBSP Awards




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Sam Williams


 Nil cost option


 20655



 




e)


Aggregated information
-Aggregated volume
- Price
 
- Aggregated total


 
20655
121.6077p


£25,118.07




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Sam Williams







2


Reason for the notification




a)


Position/status


PDMR          Managing Partner, Life Sciences




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




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Sam Williams  


121.6077p


20,655








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
20,655 
121.6077p 
£25,118.07




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 
 



 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


Exercise of options in connection with the 2018 DBSP and 2020 DBSP Awards




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Angela Leach


 Nil cost option


 18,304



 




e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
18,304
121.6077p



£22,259.07




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 



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


Sale




c)


Currency 


GBP




d) 


Price(s) and volume(s)
 





Name(s)


Price(s)


Volume(s)




Angela Leach  


121.6077p


18,304








e)


Aggregated information
-Aggregated volume
- Price
- Aggregated total


 
18,304
121.6077p 
£22,259.07




f)


Date of the transaction


27 May 2021




g)


Place of the transaction


London Stock Exchange, Main Market



 
 
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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