Last checked at 9 May 2018 17:31
FOR RELEASE ON | 09 May 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 08 May 2018, Professor David Begg, Non-executive Director, purchased a total of 8,000 Ordinary Shares of 2p each at a price of 137.2 pence per share.
Following this purchase, Professor Begg now has a total beneficial interest in 50,391 Ordinary Shares, representing less than 0.1% of the current issued share capital of the Company. The below notification, in accordance with the requirements of the EU Market Abuse Regulation, gives further details on the transaction on 8 May 2018.
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
| David Begg | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-executive director | |||
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)
| 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 instrument, type of instrument | Ordinary Shares of 2p each in IP Group plc | |||
Identification code | ISIN: GB00B128J450 | ||||
b)
| Nature of the transaction
| Purchase | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| 137.2pence | 8,000 |
| ||
|
|
|
| ||
d)
| Aggregated information | ||||
- Aggregated volume | 8,000 shares | ||||
- Price | 137.2pence | ||||
- Aggregated total | £10,977.10. | ||||
e)
| Date of the transaction
| 08 May 2018 | |||
f)
| Place of the transaction
| London Stock Exchange, Main Market | |||
For more information, please contact:
IP Group plc | www.ipgroupplc.com |
Greg Smith, Chief Financial OfficerLiz Vaughan-Adams, Communications | +44 (0) 20 7444 0050+44 (0) 20 7444 0062/+44 (0) 7979 853802 |
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