ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

IPO Ip Group Plc

47.60
0.50 (1.06%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.50 1.06% 47.60 47.60 47.80 47.95 46.25 47.00 1,751,013 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -299.8M -344.5M -0.3322 -1.43 494.09M

IP Group PLC Director/PDMR Shareholding (7334N)

11/05/2018 7:00am

UK Regulatory


Ip (LSE:IPO)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Ip Charts.

TIDMIPO

RNS Number : 7334N

IP Group PLC

10 May 2018

 
 FOR RELEASE ON   10 May 2018 
 

Re-issuing to correct the maximum number of conditionally awarded Shares outstanding for David Baynes.

IP Group plc - LTIP

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces that it has made conditional awards of 5,025,302 ordinary shares of two pence each ("Shares") to its executive directors, other persons discharging managerial responsibilities ("PDMRs") and certain other employees under its Long Term Incentive Plan (the "LTIP").

The performance measures attaching to the 2018 awards are based on the achievement of targets linked to growth in the Company's "hard" net assets ("Hard NAV") and total shareholder return ("TSR") as described in the Directors' Remuneration Report of the Annual Report and Accounts. The starting point for the TSR target is 134.5p, being the one-month average closing price up to the date of grant. The starting point for the Hard NAV performance measure is the Group's audited Hard NAV at 31 December 2017 of GBP1,326.2m. The number of Shares conditionally awarded was calculated using the closing price on 9 May 2018 of 139.2p.

Assuming satisfaction of the conditions in full, the awards will ordinarily vest on or after 31 March 2021 and the Shares will be issued as soon as practicable after these dates. Any such Shares would be subject to a minimum two-year post-vesting holding period.

Conditional awards over 2,539,512 Shares have been made to the executive directors and other PDMRs, as set out in the table below, with awards over a further 2,485,790 to other of the Group's employees.

 
Executive Director/PDMR       Maximum number of Shares            Maximum number of conditionally awarded Shares 
                           conditionally awarded in respect        outstanding at the date of this announcement 
                                     of 2018 LTIP 
Alan Aubrey                            894,397                                                               2,415,852 
David Baynes                           395,115                                                               1,101,028 
Mike Townend                           395,115                                                               1,101,028 
Greg Smith                             395,115                                                               1,080,489 
Sam Williams                           395,115                                                                 725,170 
Mark Reilly                             64,655                                                                 163,736 
 

The number of Shares stated is the maximum number that could be issued to each executive director or PDMR upon full satisfaction of the performance conditions attaching to the awards.

As at the date of this announcement, a total of 12,651,184 Shares conditionally awarded to executive directors, other PDMRs and employees of IP Group remain outstanding under the IP Group LTIP and subject to performance conditions.

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                                                      Alan Aubrey 
                                                               Mike Townend 
                                                               Greg Smith 
                                                               David Baynes 
                                                               Sam Williams 
                                                               Mark Reilly 
2   Reason for the notification 
a)  Position/status                                           Director Chief Executive Officer 
                                                               Director Chief Investment Officer 
                                                               Director Chief Financial Officer 
                                                               Director Chief Operating Officer 
                                                               PDMR Managing Partner, Life Sciences 
                                                               PDMR Managing Partner, Technology 
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 
    Identification code                                        ISIN: GB00B128J450 
b)  Nature of the transaction                                 Grant of Options under the IP Group plc LTIP 
c)  Currency                                                  GBP 
d)  Price(s) and volume(s)                                    Name(s)        Price(s)   Volume(s) 
                                                               Alan Aubrey    Nil         894,397 
                                                               Mike Townend   Nil         395,115 
                                                               Greg Smith     Nil         395,115 
                                                               David Baynes   Nil         395,115 
                                                               Sam Williams   Nil         395,115 
                                                               Mark Reilly    Nil         64,655 
e)  Aggregated information 
     -Aggregated volume                                        Aggregated Number of Shares Granted Under the LTIP to 
     - Price                                                   Directors and PDMRs on 9 May 2018: 2,539,512 
     - Aggregated total                                        Price: GBP nil 
f)  Date of the transaction                                   9 May 2018. 
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 
 Alan Aubrey, Chief Executive Officer 
  Greg Smith, Chief Financial Officer     +44 (0) 20 7444 0062/+44 (0) 
  Liz Vaughan-Adams, Communications       7979 853802 
 Charlotte Street Partners 
 Andrew Wilson                           +44 (0) 7810 636995 
 Martha Walsh                            +44 (0) 7876 245962 
 

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 company news service from the London Stock Exchange

END

DSHGGUBPAUPRGMU

(END) Dow Jones Newswires

May 11, 2018 02:00 ET (06:00 GMT)

1 Year Ip Chart

1 Year Ip Chart

1 Month Ip Chart

1 Month Ip Chart

Your Recent History

Delayed Upgrade Clock