IP Group PLC Director/PDMR Shareholding (4527Y)
September 08 2015 - 11:09AM
UK Regulatory
TIDMIPO
RNS Number : 4527Y
IP Group PLC
08 September 2015
FOR RELEASE ON 08 September 2015
IP Group plc - SAYE scheme
IP Group plc (LSE: IPO) ("IP Group" or "the Company"), the
developer of intellectual property based businesses, announces the
following grants of options over the Company's Ordinary Shares of
2p each, under its Save As You Earn ("SAYE") Sharesave Plan, to
Directors and PDMRs of the Company, as detailed below.
Name Plan duration Number of options
granted
-------------- --------------- ------------------
Directors
---------------------------------------------------
David Baynes 3 years 4,193
-------------- --------------- ------------------
Greg Smith 3 years 3,459
-------------- --------------- ------------------
PDMRs
---------------------------------------------------
Angela Leach 3 years 1,048
-------------- --------------- ------------------
In addition to the above, options over a total of 63,209 Shares
were granted to certain other employees of the Group under the
Sharesave Plan.
All of the above SAYE options have been granted on 08 September
2015 at an exercise price of 171.7p per share, with the SAYE
contracts commencing on 1 October 2015. 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 01 October 2018 to 01 April
2019 for the 3 year plan and 01 October 2020 to 01 April 2021 for
the 5 year plan.
The Company currently has 564,619,369 Ordinary Shares in
issue.
For more information, please contact:
IP Group plc www.ipgroupplc.com
Angela Leach, Company Secretary +44 (0) 20 7444 0050
Liz Vaughan-Adams, Communications +44 (0) 20 7444 0062 / +44 (0) 7979 853 802
liz.vadams@ipgroupplc.com
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, networks, recruitment and business support. IP
Group has a strong track record of success and its portfolio
comprises holdings in over 90 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 company news service from the London Stock Exchange
END
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