TIDMIPO

IP Group PLC

01 March 2017

 
 FOR RELEASE ON   01 March 2017

IP Group plc - Portfolio company Actual Experience completes GBP17.5m placing

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property-based businesses, is pleased to note that portfolio company Actual Experience plc ("Actual Experience" or "the Company"), has raised a total of GBP17.5 million (before expenses) by means of a conditional placing ("Placing").

Actual Experience, which was founded in 2009 to commercialise research originally undertaken at Queen Mary University of London, is an analytics-as-a-service company with a primary focus on analysing and evaluating the impact of digital supply chain behaviour on perceived human experience. The Company's goal is to ensure a consistent digital experience for digital products and services by significantly reducing the time it takes to pinpoint digital experience issues.

IP Group committed a total of GBP1.46m to the Placing and, following completion, will hold a total of 9,928,384 shares in Actual Experience, or 22.25% of the equity. The Placing is conditional upon Shareholder approval at the General Meeting, scheduled for 20 March 2017.

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.

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

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March 01, 2017 02:01 ET (07:01 GMT)

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