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Last checked at 
13 Mar 2023 09:00
FOR RELEASE ON | 13 March 2023 |
IP Group - Director/PDMR share purchases
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, has been notified that on 09 March 2023, Greg Smith, Chief Executive Officer, David Baynes, Chief Financial and Operating Officer, and Lady Flint, the wife of Sir Douglas Flint, Chairman, purchased a total of 35,052, 35,068 and 46,000 Shares of 2p each respectively as outlined in the below table.
Name | Title | Number of shares acquired | Price per share | Resulting beneficial interest in shares* | Resulting beneficial interest as a percentage of the Company's issued share capital |
Greg Smith | Chief Executive Officer | 35,052 | 57.1p | 600,587 | 0.056% |
David Baynes | Chief Financial and Operating Officer | 35,068 | 56.7p | 545,121 | 0.051% |
Lady Fiona Flint | (PCA of Sir Douglas Flint) | 46,000 | 58.4p | 94,500** | 0.009%** |
* Where relevant, beneficial interest in shares includes shares that are subject to award under the Company's Long Term Incentive Plan which have vested by reference to performance conditions, but which remain subject to a holding period and thus have not yet been formally issued. 153,315 shares have been included for Mr Smith and 153,315 shares for Mr Baynes, which represents the total number of shares subject to such awards net of an assumed tax rate of 47%.
** Total beneficial interest of Sir Douglas Flint, Chairman and Lady Fiona Flint
The notification below, made in accordance with the requirements of article 19 of the UK Market Abuse Regulation, provides further detail.
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 | Greg Smith | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer
| ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 Identification code | Ordinary Shares of 2p each in IP Group plc
ISIN: GB00B128J450 | ||||
b) | Nature of the transaction | Purchase of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction 35,052 57.07 pence per share | ||||
e) | Date of the transaction | 09 March 2023 | ||||
f) | 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 Financial and Operating Officer
| ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 Identification code | Ordinary Shares of 2p each in IP Group plc
ISIN: GB00B128J450 | ||||
b) | Nature of the transaction | Purchase of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 09 March 2023 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Lady Fiona Flint | ||||
2 | Reason for the notification | |||||
a) | Position/status | PCA of Sir Douglas Flint, Chairman
| ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 Identification code | Ordinary Shares of 2p each in IP Group plc
ISIN: GB00B128J450 | ||||
b) | Nature of the transaction | Purchase of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 09 March 2023 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||
For more information, please contact:
IP Group plc | www.ipgroupplc.com |
Greg Smith, Chief Executive Officer David Baynes, Chief Financial and Operating Officer Liz Vaughan-Adams, Communications | +44 (0) 20 7444 0050
+44 (0) 20 7444 0062/+44 (0) 7967 312125 |
Portland | |
Vic Wallin Alex Donaldson | +44 (0) 7973 823119 +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.
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