IP Group PLC Issue of Equity (4403N)

TIDMIPO

RNS Number : 4403N

IP Group PLC

25 October 2016

 
 FOR RELEASE ON   25 October 2016 
 

IP Group plc - Issue of equity

IP Group plc (LSE: IPO) ("IP Group" or "the Group") confirms that it has today issued 14,300 ordinary shares of 2p each ("Ordinary Shares") (the "New Ordinary Shares") following the exercise of options by a former employee.

An application has been made to the Financial Conduct Authority for admission of the New Ordinary 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 28 October 2016.

Following the issue of the New Ordinary Shares, the number of Ordinary Shares of 2p each in issue will increase to 565,221,967. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the issued ordinary share capital of the Company following this allotment consists of 565,221,967 Ordinary Shares. There are no shares held in treasury.

For more information, please contact:

 
 IP Group plc                          www.ipgroupplc.com 
 Greg Smith, Chief Financial           [phone] 
  Officer                               [phone]/+44 
  Liz Vaughan-Adams, Communications     (0) 7979 853802 
 

ENDS

This information is provided by RNS

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October 25, 2016 12:13 ET (16:13 GMT)