IP Group PLC Director/PDMR Shareholding, SAYE scheme (1258L)

TIDMIPO

RNS Number : 1258L

IP Group PLC

08 September 2021

 
 FOR RELEASE ON   08 September 2021 
 

IP Group plc - SAYE Scheme; PDMR shareholding

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces the following in connection with its employee share schemes.

SAVE AS YOU EARN ("SAYE") SHARESAVE PLAN

IP Group has granted options over the Company's ordinary shares of 2p each ("Shares"), under its SAYE Sharesave Plan to persons discharging managerial responsibilities ("PDMRs") of the Company as detailed below.

 
  Name           Plan duration    Number of options granted 
 Anthony York       3 years                 8,720 
                ---------------  -------------------------- 
 Mark Reilly        3 years                 6,976 
                ---------------  -------------------------- 
 

In addition to the above, options over a total of 46,810 Shares were granted to certain other employees of the Group under the Sharesave Plan.

All of the above SAYE options have been granted on 08 September 2021 at an exercise price of 103.2p per share, with the SAYE contracts commencing on 1 November 2021. The exercise price was set in accordance with HM Revenue & Customs rules for Sharesave plans.

Permitted exercise periods are for a period of six months from the end of the plan period, ordinarily 1 November 2024.

Shares in issue

At the date of this announcement, the Company continues to have 1,062,788,114 ordinary shares in issue.

The following information is being disclosed pursuant to the requirements of MAR.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

SAYE Sharesave Plan

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name(s)                                                   Anthony York 
                                                                 Mark Reilly 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           PDMR Group People Director 
                                                                 PDMR Managing Partner, Technology 
     --------------------------------------------------------  ------------------------------------------------------- 
      Initial notification /Amendment                           Initial Notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      IP Group plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Legal Entity Identifier                                   213800HG22UM138WFG43 
     --------------------------------------------------------  ------------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of          Ordinary Shares of 2p each in IP Group plc 
      instrument 
      Identification code                                        ISIN: GB00B128J450 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Conditional award of Shares under the IP Group plc 
                                                                SAYE Sharesave Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Currency                                                  GBP 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Price(s) and volume(s)                                    Name(s)        Price(s)  Volume(s) 
                                                                 Anthony York   103.2p    8,720 
                                                                 Mark Reilly    103.2p    6,976 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Aggregated information 
       -Aggregated volume                                        Aggregated Number of Shares conditionally awarded 
                                                                 under the SAYE Sharesave Plan to PDMRs on 
       - Price                                                   08 September 2021: 15,696 
       - Aggregated total                                        Price: 103.2p 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Date of the transaction                                   08 September 2021 
     --------------------------------------------------------  ------------------------------------------------------- 
 g)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 

For more information, please contact:

 
 IP Group plc                            www.ipgroupplc.com 
                                         [phone] 
 Alan Aubrey, Chief Executive Officer 
  Greg Smith, Chief Financial Officer     [phone]/+44 (0) 
  Liz Vaughan-Adams, Communications       7979 853802 
 Charlotte Street Partners 
 Andrew Wilson                           [phone] 
 David Gaffney                           [phone] 
 

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 subsidiaries IP Capital and Parkwalk Advisors), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in early-stage to mature businesses across life sciences and technology. 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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September 08, 2021 05:53 ET (09:53 GMT)