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
  -0.60 -0.96% 62.00 61.90 62.20 63.00 61.70 63.00 103,969 09:35:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -293.7 -27.7 - 657

IP Group PLC SAYE scheme

08/10/2019 6:08pm

UK Regulatory (RNS & others)


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IP Group PLC

08 October 2019

 
 FOR RELEASE ON   08 October 2019 
 

IP Group plc - SAYE scheme

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property-based businesses, announces the following grant of options over the Company's Ordinary Shares of 2p each ("Shares"), under its Save As You Earn ("SAYE") Sharesave Plan, to the following Directors and a PDMR of the Company.

 
  Name              Plan duration    Number of options granted 
 Directors/PDMR 
 Greg Smith            3 years                34,816 
                   ---------------  -------------------------- 
 Michael Townend       3 years                34,816 
                   ---------------  -------------------------- 
 David Baynes          3 years                34,816 
                   ---------------  -------------------------- 
 Sam Williams          3 years                34,816 
                   ---------------  -------------------------- 
 

In addition to the above, options over a total of 995,401 Shares were granted to certain other employees of the Group under the Sharesave Plan.

All of the above SAYE options have been granted on 8 October 2019 at an exercise price of 51.7p per share, with the SAYE contracts commencing on 1 November 2019. 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 2022 for the 3-year plan and 1 November 2024 for the 5-year plan.

The Company currently has 1,059,144,595 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.

 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                                     Michael Townend 
2   Reason for the notification 
a)   Position/status                                          Director CIO 
b)   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                                                ISIN: GB00B128J450 
     Identification code 
b)   Nature of the transaction                                Grant of Options under the IP Group plc SAYE 
c)   Currency                                                 GBP 
d)   Price(s) and volume(s)                                   Name(s)           Price(s)  Volume(s) 
                                                               Michael Townend   51.7p      34,816 
e)   Aggregated information 
      - Aggregated volume                                      Aggregated number of Options granted under the SAYE to 
      - Price                                                  Director / PDMR on 8 October 2019: 
      - Aggregated total                                       34,816 
                                                               Price: 51.7p 
f)  Date of the transaction                                   08 October 2019. 
g)   Place of the transaction                                 London Stock Exchange, Main Market 
 
 
2   Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                                     Greg Smith 
2   Reason for the notification 
a)   Position/status                                          Director Chief Financial Officer 
b)   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                                                ISIN: GB00B128J450 
     Identification code 
b)   Nature of the transaction                                Grant of Options under the IP Group plc SAYE 
c)   Currency                                                 GBP 
d)   Price(s) and volume(s)                                   Name(s)      Price(s)  Volume(s) 
                                                               Greg Smith   51.7p      34,816 
e)   Aggregated information 
      - Aggregated volume                                      Aggregated number of options granted under the SAYE to 
      - Price                                                  Director / PDMR on 8 October 2019: 
      - Aggregated total                                       34,816 
                                                               Price: 51.7p 
f)  Date of the transaction                                   08 October 2019. 
g)   Place of the transaction                                 London Stock Exchange, Main Market 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                                     David Baynes 
2   Reason for the notification 
a)   Position/status                                          Director Chief Operating Officer 
b)   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                                                ISIN: GB00B128J450 
     Identification code 
b)   Nature of the transaction                                Grant of Options under the IP Group plc SAYE 
c)   Currency                                                 GBP 
d)   Price(s) and volume(s)                                   Name(s)        Price(s)  Volume(s) 
                                                               David Baynes   51.7p      34,816 
e)   Aggregated information 
      - Aggregated volume                                      Aggregated number of Options granted under the SAYE to 
      - Price                                                  Director / PDMR on 8 October 2019: 
      - Aggregated total                                       34,816 
                                                               Price: 51.7p 
f)  Date of the transaction                                   08 October 2019. 
g)   Place of the transaction                                 London Stock Exchange, Main Market 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                                     Sam Williams 
2   Reason for the notification 
a)   Position/status                                          PDMR Managing Partner, Life Sciences 
b)   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                                                ISIN: GB00B128J450 
     Identification code 
b)   Nature of the transaction                                Grant of Options under the IP Group plc SAYE 
c)   Currency                                                 GBP 
d)   Price(s) and volume(s)                                   Name(s)        Price(s)  Volume(s) 
                                                               Sam Williams   51.7p      34,816 
e)   Aggregated information 
      - Aggregated volume                                      Aggregated number of Options granted under the SAYE to 
      - Price                                                  Director / PDMR on 8 October 2019: 
      - Aggregated total                                       34,816 
                                                               Price: 51.7p 
f)  Date of the transaction                                   08 October 2019. 
g)   Place of the transaction                                 London Stock Exchange, Main Market 
 

For more information, please contact:

 
 IP Group plc                          www.ipgroupplc.com 
                                       +44 (0) 20 7444 0050 
 
 Angela Leach, Company Secretary        +44 (0) 20 7444 0062/+44 (0) 
  Liz Vaughan-Adams, Communications     7979 853802 
 

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 08, 2019 13:08 ET (17:08 GMT)

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