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Director/PDMR Shareholding

28 May 2021 15:36

RNS Number : 2571A
IP Group PLC
28 May 2021
 

FOR RELEASE ON

28 May 2021

 

IP Group plc - Exercise of options 

 

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces the following in connection with its employee share schemes.

 

Exercise of Deferred Bonus Share Plan ("DBSP") options

 

The Group's four executive directors and three of its PDMRs exercised DBSP options over a total of 199,100 ordinary shares of two pence each ("Shares"), resulting from the partial deferral of annual bonuses from 2018, 2019 and 2020 on 27 May 2021. In addition, on the same date, other Group employees exercised DBSP options over a total of 171,937 shares resulting from the partial deferral of bonuses from the same period. IP Group's employee benefit trust satisfied the exercise of these options through the purchase of 371,037 existing Shares at an average price of 121.6077p.

 

All of the executive directors and Mark Reilly sold sufficient Shares to meet their tax liabilities. Sam Williams and Angela Leach sold all of the Shares resulting from their option exercises. The balance of the Shares retained by the executive directors will continue to be held by IP Group's employee benefit trust on behalf of, and as nominee for, the executive directors in order to assist the Group in its application of its Post Cessation Shareholding Policy.

 

Shares in issue

As the Group's employee benefit trust purchased existing Shares to satisfy the option exercises, the Company continues to have 1,062,353,734 Shares in issue.

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.

 

 

DBSP exercise

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alan Aubrey

2

Reason for the notification

a)

Position/status

Chief Executive Officer

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

ISIN: GB00B128J450

b)

Nature of the transaction

Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Alan Aubrey

 Nil cost option

49,212

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

49,212

121.6077p£59,845.58

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alan Aubrey

2

Reason for the notification

a)

Position/status

Chief Executive Officer

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

ISIN: GB00B128J450

b)

Nature of the transaction

Sale

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Alan Aubrey

 121.6077p

23,130

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

23,130

121.6077p£28,127.42

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Baynes

2

Reason for the notification

a)

Position/status

Chief Operating Officer

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

ISIN: GB00B128J450

b)

Nature of the transaction

Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

David Baynes

 Nil cost option

27,034

 

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

27,034

121.6077p£32,875.43

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Baynes

2

Reason for the notification

a)

Position/status

Chief Operating Officer

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

 ISIN: GB00B128J450

b)

Nature of the transaction

Sale

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

David Baynes

121.6077p

12,706

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

12,706

121.6077p

£15,451.45

 

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Greg Smith

2

Reason for the notification

a)

Position/status

Chief Financial Officer

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

ISIN: GB00B128J450

b)

Nature of the transaction

Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Greg Smith

 Nil cost option

27,034

 

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

27,034

121.6077p

£32,875.43

 

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Greg Smith

2

Reason for the notification

a)

Position/status

Chief Financial Officer

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

 ISIN: GB00B128J450

b)

Nature of the transaction

Sale

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Greg Smith

121.6077p

12,706

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

12,706

121.6077p

£15,451.45

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mike Townend

2

Reason for the notification

a)

Position/status

Chief Investment Officer

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

ISIN: GB00B128J450

b)

Nature of the transaction

Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Mike Townend

 Nil cost option

27,034

 

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

27,034

121.6077p

£32,875.43

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mike Townend

2

Reason for the notification

a)

Position/status

Chief Investment Officer

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

 ISIN: GB00B128J450

b)

Nature of the transaction

Sale

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Mike Townend

121.6077p

12,706

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

12,706

121.6077p

£15,451.45

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Reilly

2

Reason for the notification

a)

Position/status

PDMR Managing Partner, Technology

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

ISIN: GB00B128J450

b)

Nature of the transaction

Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Mark Reilly

 Nil cost option

29,827

 

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

29,827

121.6077p

£36,271.93

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Reilly

2

Reason for the notification

a)

Position/status

PDMR Managing Partner, Technology

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

ISIN: GB00B128J450

b)

Nature of the transaction

Sale

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Mark Reilly

121.6077p

14,019

 

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

14,019

121.6077p

£17,047.81

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Sam Williams

2

Reason for the notification

a)

Position/status

PDMR Managing Partner, Life Sciences

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

ISIN: GB00B128J450

b)

Nature of the transaction

Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Sam Williams

 Nil cost option

 20655

 

e)

Aggregated information

-Aggregated volume

- Price

 

- Aggregated total

 

20655121.6077p

£25,118.07

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Sam Williams

2

Reason for the notification

a)

Position/status

PDMR Managing Partner, Life Sciences

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

 ISIN: GB00B128J450

b)

Nature of the transaction

Sale

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Sam Williams

121.6077p

20,655

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

20,655

121.6077p

£25,118.07

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

 

 1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Angela Leach

2

Reason for the notification

a)

Position/status

PDMR General Counsel & Company Secretary

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

ISIN: GB00B128J450

b)

Nature of the transaction

Exercise of options in connection with the 2018 DBSP and 2020 DBSP Awards

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Angela Leach

 Nil cost option

 18,304

 

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

18,304

121.6077p

£22,259.07

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Angela Leach

2

Reason for the notification

a)

Position/status

PDMR General Counsel & Company Secretary

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)

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 instrument

Identification code

Ordinary Shares of 2p each in IP Group plc

 ISIN: GB00B128J450

b)

Nature of the transaction

Sale

c)

Currency

GBP

d)

Price(s) and volume(s)

 

Name(s)

Price(s)

Volume(s)

Angela Leach

121.6077p

18,304

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

18,304

121.6077p

£22,259.07

f)

Date of the transaction

27 May 2021

g)

Place of the transaction

London Stock Exchange, Main Market

 

 

For more information, please contact:

 

IP Group plc

www.ipgroupplc.com

Alan Aubrey, Chief Executive OfficerGreg Smith, Chief Financial OfficerLiz Vaughan-Adams, Communications

+44 (0) 20 7444 0050+44 (0) 20 7444 0062/+44 (0) 7979 853802

Charlotte Street Partners

Andrew Wilson

+44 (0) 7810 636995

David Gaffney

+44 (0) 7854 609998

 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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