REG - IP Group PLC - Director/PDMR Shareholding

IPAnnouncement

29/06/2023 18:30

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RNS Number : 4562E  IP Group PLC  29 June 2023

 

 FOR RELEASE ON  29 June 2023

 

IP Group plc -Additional DBSP awards; 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.

 

Deferred Bonus Share Plan ("DBSP") Awards

 

On 14 April 2023, the Company granted a number of nil-cost options over
ordinary shares of two pence each ("Shares") to certain employees under the
Group's DBSP, such awards being announced to the market via RNS on 18 April
2023 (the "April 2023 DBSP Awards").

 

It was subsequently noted that there had been an administrative error in
calculating a small number of the April 2023 DBSP Awards. As such, on 28 June
2023 the Company granted additional nil-cost options over Shares to a person
discharging managerial responsibilities ("PDMR") and certain current and
former employees under the Group's DBSP (the "Additional Grant"). The
Additional Grant has been made on the same basis as the April 2023 DBSP Awards
were made. The following table sets out details of the awards made to a
PDMR:

 

 Name of Director/PDMR  Structure of award  Number of options granted under the April 2023 DBSP  Number of options granted under the Additional Grant  Total number of options currently held
 Mark Reilly            Nil-Cost Option     75,376                                               4,636                                                 127,380
 Total

 

In addition to the above, under the Additional Grant, awards over a total of
24,202 Shares were made to certain other of the Group's employees and former
employees. As at the date of this announcement, a total of 2,168,457 nil-cost
options over Shares remain outstanding under the IP Group DBSP.

 

No consideration was paid for the grant of the awards and no consideration is
due on the maturity of the option period. Fifty per cent of the options will
normally be automatically exercised on 31 March 2024 and fifty per cent on 31
March 2025, with each such automatic exercise generally subject to continued
employment.

Shares in issue

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

 

 

DBSP Awards

 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  Ordinary Shares of 2p each in IP Group plc

     Identification code

ISIN: GB00B128J450
 b)  Nature of the transaction                                    Grant of nil-cost options under the IP Group plc DBSP
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Name(s)      Price(s)         Volume(s)
                                                                  Mark Reilly  Nil cost option  4,636
 e)  Aggregated information

     -Aggregated volume                                           Aggregated number of options granted under the DBSP to Directors and PDMRs on

                                                            28 June 2023: 4,636
     - Price

                                                            Price: £ nil
     - Aggregated total
 f)  Date of the transaction                                      28 June 2023
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

Aggregated number of options granted under the DBSP to Directors and PDMRs on
28 June 2023: 4,636

Price: £ nil

f)

Date of the transaction

28 June 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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