REG - IP Group PLC - SAYE scheme

IPAnnouncement

08/10/2019 18:10

RNS Number : 2049P
IP Group PLC
08 October 2019
 





FOR RELEASE ON


08 October 2019



 
IP Group plc - SAYE scheme
 
IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property-based businesses, announces the following grant of options over the Company's Ordinary Shares of 2p each ("Shares"), under its Save As You Earn ("SAYE") Sharesave Plan, to the following  Directors and a PDMR of the Company.
 



 Name


Plan duration


Number of options granted




Directors/PDMR




Greg Smith


3 years


34,816




Michael Townend


3 years


34,816




David Baynes


3 years


34,816




Sam Williams


3 years


34,816



 
In addition to the above, options over a total of 995,401 Shares were granted to certain other employees of the Group under the Sharesave Plan.
All of the above SAYE options have been granted on 8 October 2019 at an exercise price of 51.7p per share, with the SAYE contracts commencing on 1 November 2019. The exercise price was set in accordance with HM Revenue & Customs rules for Sharesave plans.
Permitted exercise periods are for a period of six months from the end of the plan period, ordinarily 1 November 2022 for the 3-year plan and 1 November 2024 for the 5-year plan.
The Company currently has 1,059,144,595 Ordinary Shares in issue. 
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.
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


 Name


Michael Townend




2


Reason for the notification




a)


 Position/status


Director          CIO




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
Identification code


Ordinary Shares of 2p each in IP Group plc
ISIN: GB00B128J450




b)


 Nature of the transaction


Grant of Options under the IP Group plc SAYE




c)


 Currency


GBP




d)


 Price(s) and volume(s)





Name(s)


Price(s)


Volume(s)




Michael Townend


51.7p


  34,816








e)


 Aggregated information
- Aggregated volume
- Price
- Aggregated total


 
Aggregated number of Options granted under the SAYE to Director / PDMR on 8 October 2019: 34,816

Price: 51.7p




f)


Date of the transaction


08 October 2019.




g)


 Place of the transaction


London Stock Exchange, Main Market



 



2


Details of the person discharging managerial responsibilities/person closely associated




a)


 Name


Greg Smith




2


Reason for the notification




a)


 Position/status


Director          Chief Financial 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
Identification code


Ordinary Shares of 2p each in IP Group plc
ISIN: GB00B128J450




b)


 Nature of the transaction


Grant of Options under the IP Group plc SAYE




c)


 Currency


GBP




d)


 Price(s) and volume(s)





Name(s)


Price(s)


Volume(s)




Greg Smith


51.7p


  34,816








e)


 Aggregated information
- Aggregated volume
- Price
- Aggregated total


 
Aggregated number of options granted under the SAYE to Director / PDMR on 8 October 2019: 34,816

Price: 51.7p




f)


Date of the transaction


08 October 2019.




g)


 Place of the transaction


London Stock Exchange, Main Market




1


Details of the person discharging managerial responsibilities/person closely associated




a)


 Name


David Baynes




2


Reason for the notification




a)


 Position/status


Director          Chief Operating 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
Identification code


Ordinary Shares of 2p each in IP Group plc
ISIN: GB00B128J450




b)


 Nature of the transaction


Grant of Options under the IP Group plc SAYE




c)


 Currency


GBP




d)


 Price(s) and volume(s)





Name(s)


Price(s)


Volume(s)




David Baynes


51.7p


  34,816








e)


 Aggregated information
- Aggregated volume
- Price
- Aggregated total


 
Aggregated number of Options granted under the SAYE to Director / PDMR on 8 October 2019: 34,816

Price: 51.7p




f)


Date of the transaction


08 October 2019.




g)


 Place of the transaction


London Stock Exchange, Main Market




1


Details of the person discharging managerial responsibilities/person closely associated




a)


 Name


Sam Williams




2


Reason for the notification




a)


 Position/status


PDMR          Managing Partner, Life Sciences




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
Identification code


Ordinary Shares of 2p each in IP Group plc
ISIN: GB00B128J450




b)


 Nature of the transaction


Grant of Options under the IP Group plc SAYE




c)


 Currency


GBP




d)


 Price(s) and volume(s)





Name(s)


Price(s)


Volume(s)




Sam Williams


51.7p


  34,816








e)


 Aggregated information
- Aggregated volume
- Price
- Aggregated total


 
Aggregated number of Options granted under the SAYE to Director / PDMR on 8 October 2019: 34,816

Price: 51.7p




f)


Date of the transaction


08 October 2019.




g)


 Place of the transaction


London Stock Exchange, Main Market



 
For more information, please contact:
 



IP Group plc


www.ipgroupplc.com




Angela Leach, Company Secretary

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHFSMFWAFUSESS