REG - IP Group PLC - Directorate Change

IPAnnouncement

11/03/2020 07:05

RNS Number : 6892F
  
IP Group PLC
  
11 March 2020
  
 





FOR RELEASE ON


11 March 2020




 
IP Group - Board change
 
IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property-based businesses, announces that Jonathan Brooks is retiring from his position as a non-executive director after nearly nine years in the role.
 
Mr Brooks, who was Chair of the Group's Audit & Risk Committee until September 2019 stepped down from the Board at the close of business yesterday following the approval of the Group's 2019 Annual Results, which have been announced this morning. 
 
Dr Caroline Brown succeeded Mr Brooks as Chair of the Audit & Risk Committee in September 2019 and Heejae Chae succeeded him as Chair of the Remuneration Committee in December 2019, allowing for an orderly hand over of Committee Chair responsibilities.
 
Sir Douglas Flint, Non-executive Chairman, said: "On behalf of shareholders and the Board, I want to record our sincere appreciation of Jonathan's dedication and wise counsel over his period of service."
 
This announcement is made pursuant to Listing Rule 9.6.11R. There are no other details required to be disclosed under Listing Rule 9.6.13R. There are no further disclosures required under the Disclosure and Transparency Rules.
 
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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