TIDMIPO
RNS Number : 9687T
IP Group PLC
01 April 2016
FOR RELEASE ON 01 April 2016
IP Group plc - Director / PDMR Shareholding and Issue of
Equity
IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the
Group"), the developer of intellectual property-based businesses,
announces that it has today issued 457,877 new ordinary shares of
2p each (the "Shares") following the vesting of conditional awards
of shares made under the Company's Long-Term Incentive Scheme (the
"Scheme") in 2013 (the "2013 Awards").
As a result, the Company today received notification from the
following Directors/Persons Discharging Managerial Responsibilities
in relation to the acquisition of Shares under the Scheme and
subsequent sale, at an aggregate price of 170 pence per share, as
set out in the table below. The shares are subject to a further one
year post-vesting holding period and thus the shares sold, as
detailed below, were done so only to meet income tax and national
insurance liabilities.
Resultant beneficial
interest
Shares Shares
Director/PDMR Position vested sold Shares %
Chief Executive
Alan Aubrey Officer 81,217 44,565 2,490,651 0.44
Chief Investment
Mike Townend Officer 64,974 35,653 1,074,504 0.20
Chief Financial
Greg Smith Officer 45,999 25,243 260,989 0.05
Angela Leach Company Secretary 55,447 30,426 248,939 0.04
In addition, the Company received notification that Greg Smith
has today transferred 24,642 IP Group plc shares into a
self-invested personal pension in his own name. His beneficial
interest in the Group remains unchanged from that set out above as
a result of the transfer.
An application has been made to the Financial Conduct Authority
for admission of the Shares to the premium listing segment of the
Official List maintained by the UK Listing Authority and to the
London Stock Exchange. It is expected that admission will take
place on 6 April 2016.
Following this issue of shares, the Company has 565,106,045
ordinary shares in issue.
Awards under Deferred Share Bonus Plan ("DBSP")
On 31 March 2016, awards over IP Group plc shares were made to
certain Executive Directors, other persons discharging managerial
responsibilities and certain other employees under the Company's
DBSP. The awards reflect the deferral of fifty per cent. of each
person's award under the Group's Annual Incentive Scheme ("AIS") in
respect of the Company's performance for the financial year ended
31 December 2015. The following table sets out details of the
awards made to the Executive Directors and PDMRs:
Name of Director/PDMR Structure of award Number of Shares awarded under the Total number of Shares held under
DBSP the DBSP
Alan Aubrey Nil-Cost Option 85,420 118,457
David Baynes Nil-Cost Option 51,962 51,962
Mike Townend Nil-Cost Option 51,962 73,986
Greg Smith Nil-Cost Option 45,274 60,867
Angela Leach Nil-Cost Option 39,294 54,887
In addition to the above, awards over a total of 507,236 shares
were made to certain other of the Group's employees.
As described above, the awards have been made as a result of the
deferral of amounts awarded under the Group's AIS, as will be more
fully described in the Group's 2015 Directors' Remuneration Report.
The awards have been made pursuant to the rules of the current
DBSP.
No consideration was paid for the grant of the awards and no
consideration is due on the maturity of the awards. Fifty per cent.
of the awards will normally be exercisable on the first anniversary
of the date of grant and fifty per cent. on the second anniversary
of the date of grant, each generally subject to continued
employment. The awards shall be exercisable for a maximum of three
years from the date of grant.
The Company was informed of the above transactions on 1 April
2016.
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
Chris Sibbald +44 (0) 7855 955531
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 company news service from the London Stock Exchange
END
RDSUGUUACUPQGAG
(END) Dow Jones Newswires
April 01, 2016 11:54 ET (15:54 GMT)
Ip (LSE:IPO)
Historical Stock Chart
From Feb 2024 to Mar 2024
Ip (LSE:IPO)
Historical Stock Chart
From Mar 2023 to Mar 2024