IP Group PLC Completion of acquisition (6494V)
February 01 2017 - 02:00AM
UK Regulatory
TIDMIPO
RNS Number : 6494V
IP Group PLC
01 February 2017
FOR RELEASE ON 01 February 2017
IP Group plc - Completion of acquisition of Parkwalk
IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the
developer of intellectual property-based businesses, is pleased to
announce the completion of its acquisition of Parkwalk Advisors Ltd
("Parkwalk") which was announced on 16 December, following receipt
of approval of a change of controller application from the
Financial Conduct Authority.
Founded in 2009, Parkwalk is the UK's leading university
spin-out focused EIS fund manager, having raised over GBP100m to
date with the majority of funds coming from leading private wealth
platforms and having backed over 70 companies across its managed
funds since inception.
IP Group confirms that the issued share capital of IP Group plc
remains unchanged, comprising 565,221,967 ordinary shares of 2p
each. There are no shares held in treasury. The total number of
voting rights in IP Group plc remains 565,221,967.
This information may be used by shareholders in their
calculations to determine if they are required to notify their
interest in, or a change to their interest in, IP Group plc under
the FCA's Disclosure and Transparency Rules.
For more information, please contact:
IP Group plc www.ipgroupplc.com
Alan Aubrey, Chief Executive
Officer +44 (0) 20 7444 0050
Greg Smith, Chief Financial
Officer +44 (0) 20 7444 0062/+44
Liz Vaughan-Adams, Communications (0) 7979 853802
Charlotte Street Partners
Andrew Wilson +44 (0) 7810 636995
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 80 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.
About Parkwalk
Parkwalk is one of the UK's leading technology Enterprise
Investment Scheme fund managers. Parkwalk Funds invest in
high-growth, knowledge-intensive companies with a focus on
technology and innovation primarily sourced from UK universities.
Investments are made across the growth curve from early stage
through to AIM-listed. The firm also manages a series of
early-stage funds in conjunction with the technology transfer
offices of the Universities of Cambridge, Oxford and Bristol.
For more information, please visit our website at
www.parkwalkadvisors.com
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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