We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ip Group Plc | LSE:IPO | London | Ordinary Share | GB00B128J450 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.60 | 3.39% | 48.85 | 48.60 | 48.70 | 49.55 | 47.55 | 47.55 | 5,521,185 | 16:35:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | -140.1M | -174.4M | -0.1682 | -2.89 | 503.94M |
TIDMIPO
RNS Number : 9687T
IP Group PLC
01 April 2016
FOR RELEASE ON 01 April 2016
IP Group plc - Director / PDMR Shareholding and 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 today issued 457,877 new ordinary shares of 2p each (the "Shares") following the vesting of conditional awards of shares made under the Company's Long-Term Incentive Scheme (the "Scheme") in 2013 (the "2013 Awards").
As a result, the Company today received notification from the following Directors/Persons Discharging Managerial Responsibilities in relation to the acquisition of Shares under the Scheme and subsequent sale, at an aggregate price of 170 pence per share, as set out in the table below. The shares are subject to a further one year post-vesting holding period and thus the shares sold, as detailed below, were done so only to meet income tax and national insurance liabilities.
Resultant beneficial interest Shares Shares Director/PDMR Position vested sold Shares % Chief Executive Alan Aubrey Officer 81,217 44,565 2,490,651 0.44 Chief Investment Mike Townend Officer 64,974 35,653 1,074,504 0.20 Chief Financial Greg Smith Officer 45,999 25,243 260,989 0.05 Angela Leach Company Secretary 55,447 30,426 248,939 0.04
In addition, the Company received notification that Greg Smith has today transferred 24,642 IP Group plc shares into a self-invested personal pension in his own name. His beneficial interest in the Group remains unchanged from that set out above as a result of the transfer.
An application has been made to the Financial Conduct Authority for admission of the 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 6 April 2016.
Following this issue of shares, the Company has 565,106,045 ordinary shares in issue.
Awards under Deferred Share Bonus Plan ("DBSP")
On 31 March 2016, awards over IP Group plc shares were made to certain Executive Directors, other persons discharging managerial responsibilities and certain other employees under the Company's DBSP. The awards reflect the deferral of fifty per cent. of each person's award under the Group's Annual Incentive Scheme ("AIS") in respect of the Company's performance for the financial year ended 31 December 2015. The following table sets out details of the awards made to the Executive Directors and PDMRs:
Name of Director/PDMR Structure of award Number of Shares awarded under the Total number of Shares held under DBSP the DBSP Alan Aubrey Nil-Cost Option 85,420 118,457 David Baynes Nil-Cost Option 51,962 51,962 Mike Townend Nil-Cost Option 51,962 73,986 Greg Smith Nil-Cost Option 45,274 60,867 Angela Leach Nil-Cost Option 39,294 54,887
In addition to the above, awards over a total of 507,236 shares were made to certain other of the Group's employees.
As described above, the awards have been made as a result of the deferral of amounts awarded under the Group's AIS, as will be more fully described in the Group's 2015 Directors' Remuneration Report. The awards have been made pursuant to the rules of the current DBSP.
No consideration was paid for the grant of the awards and no consideration is due on the maturity of the awards. Fifty per cent. of the awards will normally be exercisable on the first anniversary of the date of grant and fifty per cent. on the second anniversary of the date of grant, each generally subject to continued employment. The awards shall be exercisable for a maximum of three years from the date of grant.
The Company was informed of the above transactions on 1 April 2016.
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 Chris Sibbald +44 (0) 7855 955531
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
RDSUGUUACUPQGAG
(END) Dow Jones Newswires
April 01, 2016 11:54 ET (15:54 GMT)
1 Year Ip Chart |
1 Month Ip Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions