REG - IP Group PLC - RSP awards and Scrip Elections
30/06/2022 18:00
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RNS Number : 9129Q IP Group PLC 30 June 2022
FOR RELEASE ON 30 June 2022
IP Group plc - RSP awards and Scrip Elections; Director/PDMR shareholding
IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), which
develops world-changing science and technology businesses across life
sciences, technology and cleantech, announces that, further to the
announcements dated 06 June 2022 and 29 June 2022 in connection with the Scrip
Dividend, a combined total of 5,413 ordinary shares of two pence each
("Shares") in aggregate have been allotted to five of the Group's persons
discharging managerial responsibilities ("PDMRs"), following their respective
elections to take up the Scrip Dividend in relation to some or all of their
current shareholdings, as further detailed below:
PDMR No. of Shares
Greg Smith 1,577
Angela Leach 2,270
Lisa Patel 88
Christopher Glasson 92
Douglas Moray Wright 1,386
Restricted Share Plan Awards
Further, IP Group announces the following in connection with its employee
share schemes.
Following approval of the Group's Directors' 2021 Remuneration Report ("2021
DRR"), the Directors' Remuneration Policy and the rules of its Restricted
Share Plan ("RSP") at its 2022 AGM, the Group has made awards under its RSP
("Awards") of 3,532,744 Shares to its executive directors, other PDMRs and
certain other employees on 28 June 2022.
Vesting of these Awards will take place over a three-year period commencing on
1 April 2022 (the "Vesting Period"). The vesting of the Awards will be
subject to review by the Group's Remuneration Committee at the end of the
Vesting Period of performance as against both a financial underpin based on
adjusted NAV growth over the period of three financial years ending on 31
December 2024 and other qualitative performance measures (together the
"Underpin Criteria"), as further described in the 2021 DRR.
Awards made to the executive directors and other PDMRs are set out in the
table below, and Awards over a further 1,223,434 Shares have been made to
other of the Group's employees. The number of Shares stated is the maximum
number that could vest at the end of the Vesting Period for each executive
director or PDMR. If the Committee considers that any of the Underpin
Criteria is not met as part of its review at the end of the Vesting Period, it
will then consider whether it was appropriate to scale back the number of
shares that vest (including to nil).
The number of Awards made was calculated using the closing price on 27 June
2022 of 75.5p.
Subject to the Remuneration Committee's review of performance against the
Underpin Criteria, the Awards will ordinarily vest on or around 31 March 2025.
Any Awards which vest will ordinarily be subject to a post-vesting holding
period of two years. Shares will be issued in connection with any vested
Awards at the end of this holding period.
Executive Director/PDMR Maximum number of Shares
conditionally awarded in respect
of 2022 RSP
Greg Smith 1,043,046
David Baynes 476,809
Mark Reilly 144,039
Anthony York 136,430
Sam Williams 123,178
Christopher Glasson 104,304
Angela Leach 99,337
Elizabeth Vaughan-Adams 74,503
Douglas Moray Wright 53,642
Dan Xie 35,665
Lisa Patel 18,357
Total 2,309,310
Shares in issue
The Group currently has 1,063,033,287 Shares in issue and 28,607,622 Shares
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.
RSP Awards
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Greg Smith
David Baynes
Mark Reilly
Anthony York
Sam Williams
Christopher Glasson
Angela Leach
Elizabeth Vaughan-Adams
Douglas Moray Wright
Dan Xie
Lisa Patel
2 Reason for the notification
a) Position/status Executive Director - CEO
Executive Director - CFOO
PDMR - Managing Partner
PDMR - Group People Director
PDMR - Managing Partner
PDMR - Finance Director
PDMR - Group General Counsel
PDMR - Head of Communications
PDMR - CEO ParkWalk
PDMR - Managing Director - Greater China
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 (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 Conditional award of Shares under the IP Group plc RSP
c) Currency GBP
d) Price(s) and volume(s) Name(s) Price(s) Volume(s)
Greg Smith Nil 1,043,046
David Baynes Nil 476,809
Mark Reilly Nil 144,039
Anthony York Nil 136,430
Sam Williams Nil 123,178
Christopher Glasson Nil 104,304
Angela Leach Nil 99,337
Elizabeth Vaughan-Adams Nil 74,503
Douglas Moray Wright Nil 53,642
Dan Xie Nil 35,665
Lisa Patel Nil 18,357
e) Aggregated information
-Aggregated volume Aggregated Number of Shares conditionally awarded under the RSP to Directors
and PDMRs on 28 June 2022: 2,309,310
- Price
Price: £ nil
- Aggregated total
2,309,310
f) Date of the transaction 28 June 2022
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 RSP to Directors
and PDMRs on 28 June 2022: 2,309,310
Price: £ nil
2,309,310
f)
Date of the transaction
28 June 2022
g)
Place of the transaction
Outside a trading venue
Scrip Election
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 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 Election of Scrip Dividend
c) Currency GBP
d) Price(s) and volume(s) Name(s) Price(s) Volume(s)
Greg Smith 85.3p 1,577
e) Aggregated information
-Aggregated volume 1,577
- Price 85.3p
- Aggregated total £1,345.19
f) Date of the transaction 30 June 2022
g) Place of the transaction London Stock Exchange, Main Market
e)
Aggregated information
-Aggregated volume
- Price
- Aggregated total
1,577
85.3p
£1,345.19
f)
Date of the transaction
30 June 2022
g)
Place of the transaction
London Stock Exchange, Main Market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Angela Leach
2 Reason for the notification
a) Position/status PDMR General Counsel & Company Secretary
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 Election of Scrip Dividend
c) Currency GBP
d) Price(s) and volume(s) Name(s) Price(s) Volume(s)
Angela Leach 85.3p 2,270
e) Aggregated information
-Aggregated volume 2,270
- Price 85.3p
- Aggregated total £1,936.31
f) Date of the transaction 30 June 2022
g) Place of the transaction London Stock Exchange, Main Market
e)
Aggregated information
-Aggregated volume
- Price
- Aggregated total
2,270
85.3p
£1,936.31
f)
Date of the transaction
30 June 2022
g)
Place of the transaction
London Stock Exchange, Main Market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Lisa Patel
2 Reason for the notification
a) Position/status PDMR Partner, Employee Executive
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 Election of Scrip Dividend
c) Currency GBP
d) Price(s) and volume(s) Name(s) Price(s) Volume(s)
Lisa Patel 85.3p 88
e) Aggregated information
-Aggregated volume 88
- Price 85.3p
- Aggregated total £75.07
f) Date of the transaction 30 June 2022
g) Place of the transaction London Stock Exchange, Main Market
e)
Aggregated information
-Aggregated volume
- Price
- Aggregated total
88
85.3p
£75.07
f)
Date of the transaction
30 June 2022
g)
Place of the transaction
London Stock Exchange, Main Market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Christopher Glasson
2 Reason for the notification
a) Position/status PDMR Finance Director
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 Election of Scrip Dividend
c) Currency GBP
d) Price(s) and volume(s) Name(s) Price(s) Volume(s)
Christopher Glasson 85.3p 92
e) Aggregated information
-Aggregated volume 92
- Price 85.3p
- Aggregated total £78.48
f) Date of the transaction 30 June 2022
g) Place of the transaction London Stock Exchange, Main Market
e)
Aggregated information
-Aggregated volume
- Price
- Aggregated total
92
85.3p
£78.48
f)
Date of the transaction
30 June 2022
g)
Place of the transaction
London Stock Exchange, Main Market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Douglas Moray Wright
2 Reason for the notification
a) Position/status PDMR CEO, Parkwalk
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 Election of Scrip Dividend
c) Currency GBP
d) Price(s) and volume(s) Name(s) Price(s) Volume(s)
Douglas Moray Wright 85.3p 1,386
e) Aggregated information
-Aggregated volume 1,386
- Price 85.3p
- Aggregated total £1,182.26
f) Date of the transaction 30 June 2022
g) Place of the transaction London Stock Exchange, Main Market
e)
Aggregated information
-Aggregated volume
- Price
- Aggregated total
1,386
85.3p
£1,182.26
f)
Date of the transaction
30 June 2022
g)
Place of the transaction
London Stock Exchange, Main Market
For more information, please contact:
IP Group plc www.ipgroupplc.com (http://www.ipgroupplc.com)
David Baynes, Chief Financial and Operating Officer +44 (0) 20 7444 0050
Liz Vaughan-Adams, Communications
+44 (0) 20 7444 0062/+44 (0) 7967 312125
Charlotte Street Partners
Andrew Wilson +44 (0) 7810 636995
David Gaffney +44 (0) 7854 609998
Notes for editors
About IP Group
IP Group develops world-changing science and technology businesses across life
sciences, technology and cleantech (through Kiko Ventures). The Group has a
strong track record of success, having been the founder investor in a number
of high-profile companies including Oxford Nanopore Technologies plc, and has
one of the most exciting portfolios of high-growth businesses in Europe. The
Group also owns Parkwalk, the UK's largest growth EIS fund manager which backs
world-changing technologies emerging from the UK's leading universities and
research institutions. 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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