TIDMIPO

RNS Number : 0557O

IP Group PLC

28 September 2023

 
 FOR RELEASE ON   28 September 2023 
 

IP Group plc - SAYE Scheme; PDMR shareholding

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), which invests in breakthrough science and innovation companies with the potential to create a better future for all, announces the following in connection with its employee share schemes.

Save As You Earn ("SAYE") Sharesave Plan

IP Group has granted options over the Company's ordinary shares of 2p each ("Shares"), under its SAYE Sharesave Plan to persons discharging managerial responsibilities ("PDMRs") of the Company as detailed below.

 
  Name                   Plan duration    Number of options granted 
 Greg Smith                 3 years                39,586 
                        ---------------  -------------------------- 
 Angela Leach               3 years                15,834 
                        ---------------  -------------------------- 
 Mark Reilly                3 years                15,834 
                        ---------------  -------------------------- 
 Douglas Moray Wright       3 years                39,586 
                        ---------------  -------------------------- 
 Anthony York               3 years                39,586 
                        ---------------  -------------------------- 
 

In addition to the above, options over a total of 961,933 Shares were granted to certain other employees of the Group under the Sharesave Plan.

All of the above SAYE options have been granted on 28 September 2023 at an exercise price of 46.86 pence per share, with the SAYE contracts commencing on 01 November 2023. 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 01 November 2026.

Shares in issue

At the date of this announcement, the Company continues to have 1,063,188,005 Shares in issue and 26,273,218 Shares held in treasury.

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.

SAYE Sharesave Plan

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name(s)                                                   Greg Smith 
                                                                 Angela Leach 
                                                                 Mark Reilly 
                                                                 Douglas Moray Wright 
                                                                 Anthony York 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Executive Director Chief Executive Officer 
                                                                 PDMR Group General Counsel & Company Secretary 
                                                                 PDMR Managing Partner, Technology 
                                                                 PDMR CEO, Parkwalk 
                                                                 PDMR Group People Director 
     --------------------------------------------------------  ------------------------------------------------------- 
      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                                 Conditional award of Shares under the IP Group plc 
                                                                SAYE Sharesave Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Currency                                                  GBP 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Price(s) and volume(s)                                    Name(s)                Price(s)  Volume(s) 
                                                                 Greg Smith             46.86p    39,586 
                                                                 Angela Leach           46.86p    15,834 
                                                                 Mark Reilly            46.86p    15,834 
                                                                 Douglas Moray Wright   46.86p    39,586 
                                                                 Anthony York           46.86p    39,586 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Aggregated information 
       -Aggregated volume                                        Aggregated Number of Shares conditionally awarded 
       - Price                                                   under the SAYE Sharesave Plan to PDMRs on 
       - Aggregated total                                        28 September 2023: 150,426 
                                                                 Price: 46.86p 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Date of the transaction                                   28 September 2023 
     --------------------------------------------------------  ------------------------------------------------------- 
 g)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 

For more information, please contact:

 
 IP Group plc                          www.ipgroupplc.com 
 
                                        +44 (0) 20 7444 0062/+44 (0) 
  Liz Vaughan-Adams, Communications     7979 853802 
 
  Portland 
 
  Vic Wallin                            +44 (0) 7973 823119 
  Alex Donaldson                        +44 (0) 7516 729702 
 

Notes for editors

About IP Group

IP Group accelerates the impact of science for a better future. As the most active UK based, early stage science investor, we develop and support some of the world's most exciting businesses in deeptech, life sciences and cleantech (led by Kiko Ventures). Through Parkwalk, the UK's largest growth EIS fund manager, we also back world-changing innovation emerging in leading universities and research institutions. Our specialist investment team combines sector expertise with an international approach. Together we have a strong track record of success, having backed high-profile companies including Oxford Nanopore Technologies plc, First Light Fusion, Hysata, and Oxbotica. 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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END

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September 28, 2023 11:28 ET (15:28 GMT)

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