IP Group PLC Actual Experience commences trading on AIM
February 13 2014 - 3:59AM
RNS Non-Regulatory
TIDMIPO
IP Group PLC
13 February 2014
FOR RELEASE ON 13 February 2014
IP Group plc - Portfolio company Actual Experience commences
trading on AIM
IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the
developer of intellectual property based businesses, is pleased to
note that shares in portfolio company Actual Experience plc
("Actual Experience" or "the Company") were admitted to trading on
the AIM Market of the London Stock Exchange this morning.
Actual Experience plc (AIM: ACT), a spin-out from Queen Mary,
University of London, is an 'analytics as a service company'. Its
technology enables the measurement of the digital world as users
experience it, enabling customers to measure and improve the
performance of the business applications that they provide to their
staff and their own clients, reducing costs while improving the
experience of the user.
The total number of Ordinary Shares in Actual Experience in
issue at Admission will be 28,619,450 giving the Company a market
capitalisation of approximately GBP15.6m based on an introduction
price of 54.5 pence. IP Group has a holding of 8,553,750 Ordinary
Shares in Actual Experience, representing an undiluted beneficial
stake of 29.9% valued at GBP4.7m at the introduction price.
Founded in 2009, Actual Experience has already acquired an
impressive list of blue-chip customers including Accenture (UK)
Limited, Cisco Systems Inc., Deutsche Post AG, and Verizon
Business, Inc.
It is hoped that the Introduction will raise the profile of the
Company, better position the Company to attract, recruit and retain
key employees, provide the Company with greater flexibility for
future growth and increase access to capital should further finance
be required to expand the business.
For more information, please contact:
IP Group plc www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer +44 (0) 20 7444 0050
Liz Vaughan-Adams, Communications +44 (0) 20 7444 0062 / +44 (0) 7979 853 802
liz.vadams@ipgroupplc.com
FTI Consulting
John Dineen, James Melville-Ross +44 (0) 20 7831 3113
Notes for editors
About IP Group
IP Group is a leading UK intellectual property ("IP")
commercialisation company, developing technology innovations
primarily from its research intensive partner universities. The
Group offers more than traditional venture capital, providing its
companies with access to business building expertise, networks,
recruitment and business support.
The Company's portfolio comprises holdings in over 70 companies
including Oxford Nanopore Technologies, the DNA sequencing
development company, Revolymer, best known for its removable
chewing gum and Xeros, which has received many accolades for its
revolutionary clothes washing techniques with a much reduced
requirement for water.
The portfolio includes early stage to mature businesses and has
exposure to five main sectors - Energy & Renewables, Medical
Equipment & Supplies, Pharma & Biotech, IT &
Communications and Chemicals & Materials.
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
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