IP Group PLC Director/PDMR Shareholding (2528B)

TIDMIPO

RNS Number : 2528B

IP Group PLC

19 September 2018

 
 FOR RELEASE ON   19 September 2018 
 

IP Group plc - Director's share purchase

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, has been notified that on 18 September 2018, Heejae Chae, a Non-executive Director of the Company, purchased a total of 16,073 Ordinary Shares of 2p each at a price of 124.43 pence per share.

Following this purchase, Heejae Chae now has a total beneficial interest in 16,073 Ordinary Shares, representing less than 0.01 per cent of the Company's current issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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                            Heejae Chae 
2   Reason for the notification 
a)  Position/status                  Non-executive Director 
b)  Initial notification/Amendment  Initial Announcement 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name                            IP Group plc 
b)  LEI                             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    Ordinary Shares of 2p each in IP Group 
     instrument, type of             plc 
     instrument 
     Identification code             ISIN: GB00B128J450 
b)  Nature of the transaction       Purchase of shares 
c)  Price(s) and volume(s)          Price(s)       Volume(s) 
                                     124.43 pence   16,073 
d)  Aggregated information          Not applicable - single transaction 
     - Aggregated volume 
     - Price 
e)  Date of the transaction         18 September 2018 
f)  Place of the transaction        London Stock Exchange, Main Market 
 

For more information, please contact:

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

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September 19, 2018 04:51 ET (08:51 GMT)