IP Group PLC Issue of Equity (0246W)

TIDMIPO

RNS Number : 0246W

IP Group PLC

22 April 2016

 
 FOR RELEASE ON   22 April 2016 
 

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, confirms that it has issued 101,622 new ordinary shares of 2p each (the "New Shares") following the exercise by certain of the Company's employees of nil-cost options awarded to them on 15 April 2014 under the Company's Deferred Bonus Share Plan.

An application has 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 April 2016.

Following the issue of the New Shares, the number of ordinary shares of 2p each in issue will increase to 565,207,667. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 565,207,667 Ordinary Shares. There are no shares held in treasury.

This information may be used by shareholders in their calculations to determine if they are required to notify their interest in, or a change to their interest in, IP Group plc under the FCA's Disclosure and Transparency Rules.

For more information, please contact:

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

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April 22, 2016 02:35 ET (06:35 GMT)