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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.40 | -0.84% | 47.25 | 47.35 | 47.50 | 47.45 | 46.10 | 47.00 | 3,788,998 | 16:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | -140.1M | -174.4M | -0.1682 | -2.82 | 490.98M |
TIDMIPO
RNS Number : 3354Z
IP Group PLC
16 May 2019
FOR RELEASE ON 16 May 2019
IP Group plc - Withdrawal of resolution from 2019 AGM
IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property-based businesses, notes that it is withdrawing Resolution 20, to approve amendments to the LTIP (as defined in the 2019 AGM Notice), from its AGM.
Shareholders approved various amendments to the LTIP in 2011 rather than the LTIP rules being renewed in full. As a result of an administrative error, the LTIP scheme documentation reflected 2011 as its adoption date, rather than as the date on which it was amended. The effect of this was that the LTIP technically expired in 2017 rather than 2021.
The Company will now seek approval of the LTIP by shareholders, in accordance with the Listing Rules, at the next opportune time and no later than the 2020 AGM. The LTIP will reflect the Remuneration Policy which shareholders are being asked to approve at the 2019 AGM.
Existing awards remain in place however the Company will not allow any awards to vest, nor will it make any further grants under the LTIP, until shareholders have formally approved the LTIP.
For more information, please contact:
IP Group plc www.ipgroupplc.com +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 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
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
AGMUNABRKKAVAAR
(END) Dow Jones Newswires
May 16, 2019 13:21 ET (17:21 GMT)
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