REG - IP Group PLC - Director/PDMR Shareholding

IPAnnouncement

13/03/2023 09:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230313:nRSM6672Sa&default-theme=true

RNS Number : 6672S  IP Group PLC  13 March 2023

 FOR RELEASE ON  13 March 2023

IP Group - Director/PDMR share purchases

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, has been notified that on 09 March 2023, Greg
Smith, Chief Executive Officer, David Baynes, Chief Financial and Operating
Officer, and Lady Flint, the wife of Sir Douglas Flint, Chairman, purchased a
total of 35,052, 35,068 and 46,000 Shares of 2p each respectively as outlined
in the below table.

 

 Name              Title                                  Number of shares acquired  Price per share  Resulting beneficial interest in shares*  Resulting beneficial interest as a percentage of the Company's issued share
                                                                                                                                                capital
 Greg Smith        Chief Executive Officer                35,052                     57.1p            600,587                                   0.056%
 David Baynes      Chief Financial and Operating Officer  35,068                     56.7p            545,121                                   0.051%
 Lady Fiona Flint  (PCA of Sir Douglas Flint)             46,000                     58.4p            94,500**                                  0.009%**

* Where relevant, beneficial interest in shares includes shares that are
subject to award under the Company's Long Term Incentive Plan which have
vested by reference to performance conditions, but which remain subject to a
holding period and thus have not yet been formally issued. 153,315 shares have
been included for Mr Smith and 153,315 shares for Mr Baynes, which represents
the total number of shares subject to such awards net of an assumed tax rate
of 47%.

** Total beneficial interest of Sir Douglas Flint, Chairman and Lady Fiona
Flint

 

 

The notification below, made in accordance with the requirements of article 19
of the UK 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                                                         Greg Smith
 2    Reason for the notification
 a)   Position/status                                               Chief Executive Officer

 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  Ordinary Shares of 2p each in IP Group plc

      Identification code

                                                                   ISIN: GB00B128J450
 b)   Nature of the transaction                                    Purchase of shares
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                   30,655    57.1p

                                                                   4,397     56.9p

 
 d)   Aggregated information                                       Not applicable - single transaction

      -     Aggregated volume                                      35,052

      -     Price                                                  57.07 pence per share
 e)   Date of the transaction                                      09 March 2023
 f)   Place of the transaction                                     London Stock Exchange, Main Market

 

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

35,052

57.07 pence per share

e)

Date of the transaction

09 March 2023

f)

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 Financial and Operating Officer

 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  Ordinary Shares of 2p each in IP Group plc

     Identification code

                                                                  ISIN: GB00B128J450
 b)  Nature of the transaction                                    Purchase of shares
 c)  Price(s) and volume(s)                                       Price(s)                 Volume(s)
                                                                   56.67 pence per share   35,068

 
 d)  Aggregated information                                       Not applicable - single transaction

     -     Aggregated volume

     -     Price
 e)  Date of the transaction                                      09 March 2023
 f)  Place of the transaction                                     London Stock Exchange, Main Market

 

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

09 March 2023

f)

Place of the transaction

London Stock Exchange, Main Market

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Lady Fiona Flint
 2   Reason for the notification
 a)  Position/status                                               PCA of Sir Douglas Flint, Chairman

 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  Ordinary Shares of 2p each in IP Group plc

     Identification code

                                                                  ISIN: GB00B128J450
 b)  Nature of the transaction                                    Purchase of shares
 c)  Price(s) and volume(s)                                       Price(s)                Volume(s)
                                                                   58.4 pence per share   46,000

 
 d)  Aggregated information                                       Not applicable - single transaction

     -     Aggregated volume

     -     Price
 e)  Date of the transaction                                      09 March 2023
 f)  Place of the transaction                                     London Stock Exchange, Main Market

 

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

09 March 2023

f)

Place of the transaction

London Stock Exchange, Main Market

 

For more information, please contact:

 IP Group plc                                          www.ipgroupplc.com
 Greg Smith, Chief Executive Officer                   +44 (0) 20 7444 0050

 David Baynes, Chief Financial and Operating Officer

 Liz Vaughan-Adams, Communications                     +44 (0) 20 7444 0062/+44 (0) 7967 312125
 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

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHGPUUGWUPWPWP