LONDON (Alliance News) - IP Group PLC said Tuesday that it saw a positive start to 2015, seeing a 10% rise in the fair value of its portfolio in the year to date.
The fair value of its portfolio was GBP385.0 million as at last Friday, compared to GBP349.9 million at the end of 2014. This was driven by a positive share price performance for a number of its quoted companies, including Xeros Technology Group PLC, hVIVO PLC, and Applied Graphene Materials PLC, which offset a decline in the fair value of its holdings in Azuri Technologies Ltd and Ilika PLC, it said.
IP Group said its portfolio now consists of holdings in 93 intellectual property based incomes. In the year to date it has provided incubation, seed and further capital of GBP9.1 million to 22 portfolio companies.
" Overall, our portfolio companies have performed well during the period with several of the quoted companies experiencing an increase in their share prices while, amongst the unquoted companies," said Chief Executive Officer Alan Aubrey in a statement.
Shares in IP Group were trading flat at 209.80 pence Tuesday morning, shortly after market open.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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