IP Group PLC Issue of Equity (0246W)
April 22 2016 - 2:35AM
UK Regulatory
TIDMIPO
RNS Number : 0246W
IP Group PLC
22 April 2016
FOR RELEASE ON 22 April 2016
IP Group plc - Issue of equity
IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the
Group"), the developer of intellectual property-based businesses,
confirms that it has issued 101,622 new ordinary shares of 2p each
(the "New Shares") following the exercise by certain of the
Company's employees of nil-cost options awarded to them on 15 April
2014 under the Company's Deferred Bonus Share Plan.
An application has been made to the Financial Conduct Authority
for admission of the New 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 27 April 2016.
Following the issue of the New Shares, the number of ordinary
shares of 2p each in issue will increase to 565,207,667. For the
purposes of the Financial Conduct Authority's Disclosure and
Transparency Rules ("DTRs"), the issued ordinary share capital of
the Company following this allotment consists of 565,207,667
Ordinary Shares. There are no shares held in treasury.
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
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
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April 22, 2016 02:35 ET (06:35 GMT)
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