REG - IP Group PLC - LTIP awards; Director/PDMR Shareholding

IPAnnouncement

14/12/2021 17:10

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RNS Number : 6495V  IP Group PLC  14 December 2021

 FOR RELEASE ON  14 December 2021

 

IP Group plc - LTIP Awards; PDMR shareholding

 

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.

 

Long Term Incentive Plan (the "LTIP")

 

IP Group has made conditional awards of an aggregate 23,922 Shares to two of
its PDMRs under its Long Term Incentive Plan on 09 December 2021 as follows:

 

 

 PDMR        Maximum number of Shares           Maximum number of conditionally awarded Shares currently outstanding

conditionally awarded in respect

of 2021 LTIP
 Dan Xie     11,961                             204,790
 Lisa Patel  11,961                             61,818
 Total       23,922                             266,608

 

The performance measures attaching to these awards are based on the
achievement of targets linked to growth in the Group's "hard" net assets
("Hard NAV") and total shareholder return ("TSR"), with the starting point for
the TSR performance measure being 127.9p (the same starting point as the LTIP
awards made by the Company on 05 May 2021) and for the Hard NAV performance
measure being the Group's audited Hard NAV at 31 December 2020 of £1,331.5m.

 

Assuming satisfaction of the conditions in full, the awards will ordinarily
vest on or after 31 March 2024. Any awards which vest will ordinarily be
subject to a minimum two-year post-vesting holding period. Shares will be
issued in connection with any vested awards at the end of this holding period.

 

Shares in issue

At the date of this announcement, the Company holds 20,457,105 of its ordinary
shares in treasury and has 1,063,033,287 ordinary shares in issue (including
treasury shares). Therefore, the total number of ordinary shares with voting
rights will be 1,042,576,182.

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.

 

LTIP awards

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Dan Xie

                                                                  Lisa Patel
 2   Reason for the notification
 a)  Position/status                                              PDMR          Director, IP Capital

PDMR          Partner, Life Sciences
     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 (a) 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                                    Conditional award of Shares under the IP Group plc LTIP
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Name(s)     Price(s)  Volume(s)
                                                                  Dan Xie     Nil       11,961
                                                                  Lisa Patel  Nil       11,961
 e)  Aggregated information

     -Aggregated volume                                           Aggregated Number of Shares conditionally awarded under the LTIP to PDMRs on

                                                            09 December 2021: 23,922
     - Price

                                                            Price: £ nil
     - Aggregated total
 f)  Date of the transaction                                      09 December 2021
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

Aggregated Number of Shares conditionally awarded under the LTIP to PDMRs on
09 December 2021: 23,922

Price: £ nil

f)

Date of the transaction

09 December 2021

g)

Place of the transaction

Outside a trading venue

 

 

 

For more information, please contact:

 

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

Liz Vaughan-Adams, Communications
+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
(http://www.ipgroupplc.com/) .

 

ENDS

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