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RNS Number : 4614I

IP Group PLC

02 December 2022

 
 FOR RELEASE ON   02 December 2022 
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) WHICH FORMS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

IP Group plc - Portfolio company funding round leads to GBP36m net fair value gain

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), which develops world-changing science and technology businesses across life sciences, technology and cleantech, notes that following the completion of a first close of a funding round by a portfolio company in its top twenty most valuable holdings, it has recorded a net unrealised fair value gain of approximately GBP36m or approximately 4p per share. The Group has committed GBP4.2m to the funding round. Further information will be provided in due course.

For more information, please contact:

 
 IP Group plc                         www.ipgroupplc.com 
                                      +44 (0) 20 7444 0062/+44 (0) 
 Liz Vaughan-Adams, Communications     7967 312125 
 Charlotte Street Partners 
 David Gaffney                        +44 (0) 7854 609998 
 Andrew Wilson                        +44 (0) 7810 636995 
 

Notes for editors

About IP Group

IP Group develops world-changing science and technology businesses across life sciences, technology and cleantech (through Kiko Ventures). The Group has a strong track record of success, having been the founder investor in a number of high-profile companies including Oxford Nanopore Technologies plc, and has one of the most exciting portfolios of high-growth businesses in Europe. The Group also owns Parkwalk, the UK's largest growth EIS fund manager which backs world-changing technologies emerging from the UK's leading universities and research institutions. IP Group 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

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December 02, 2022 06:38 ET (11:38 GMT)