IP Group PLC - London-based investor in intellectual property-based businesses - Alan Aubrey, who retired as chief executive officer effective last week, buys 40,829 shares at 122 pence, worth GBP49,811, on Monday. Aubrey and Chief Investment Officer Mike Townend surprised the market last week by announcing plans to retire immediately, following the successful initial public offering in London of portfolio firm Oxford Nanopore Technologies Ltd. Greg Smith, who was promoted to CEO from chief financial officer, buys 8,500 shares at 123p, also on Monday. Non-Executive Director Heejae Chae buys 16,000 shares, also at 123p on Monday.
Current stock price: 126.90p, up 2.8% on Tuesday
Year-to-date change: up 28%
By Tom Waite; thomaslwaite@alliancenews.com
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Ip Group (IPO)