REG - IP Group PLC - Issue of Equity <Origin Href="QuoteRef">IPO.L</Origin>

IPAnnouncement

21/07/2017 16:55

RNS Number : 8068L
IP Group PLC
21 July 2017
FOR RELEASE ON
21 July 2017
IP Group plc - Issue of Equity
IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property-based businesses, announces that it has issued 1,785,715 new ordinary shares of 2p each (the "New Shares") to satisfy the equity element of the initial consideration for the acquisition of Parkwalk Advisors Ltd.
An application has therefore been made to the Financial Conduct Authority for admission of the New Shares to the premium listing segment of the Official List maintained by the UK Listing Authority and to the London Stock Exchange. It is expected that admission will take place on 27 July 2017. Following the issue of New Shares, the Company will have 698,513,036 ordinary shares in issue.
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
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 subsidiary IP Capital), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in approximately 100 early-stage to mature businesses across four main sectors -- Biotech, Cleantech, Healthcare and Technology. The Company 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

This information is provided by RNS
The company news service from the London Stock Exchange
  END
IOEKMGZNKMGGNZM