IP Group PLC Issue of Equity (8068L)
July 21 2017 - 11:53AM
UK Regulatory
TIDMIPO
RNS Number : 8068L
IP Group PLC
21 July 2017
FOR RELEASE ON 21 July 2017
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,
announces that it has issued 1,785,715 new ordinary shares of 2p
each (the "New Shares") to satisfy the equity element of the
initial consideration for the acquisition of Parkwalk Advisors
Ltd.
An application has therefore 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 July 2017. Following the issue of New Shares,
the Company will have 698,513,036 ordinary shares in issue.
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
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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