Admission of shares

RNS Number : 9480I

IP Group PLC

23 June 2011

 



23 June 2011

Admission of Shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO, WITHIN OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

IP GROUP PLC

ADMISSION OF SHARES

Further to the announcements by the Company on 20 June 2011 and 21 June 2011 confirming the results of the Placing and Open Offer and the results of the General Meeting, the Board of IP Group plc ("IP Group" or the "Company") can now confirm that 110,000,000 New Ordinary Shares have today been admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. Dealings in the New Ordinary Shares on the London Stock Exchange's main market commenced at 8.00 a.m. this morning.

Definitive share certificates for the New Ordinary Shares are expected to be despatched to certificated shareholders by no later than 30 June 2011.

The 365,763,664 Ordinary Shares in issue comprise 255,763,664 Ordinary Shares representing those Ordinary Shares in issue prior to the Placing and Open Offer and 110,000,000 New Ordinary Shares issued in connection with the Placing and Open Offer. There are no shares held in treasury.

Pursuant to Disclosure and Transparency Rule 5.6, as at the date of this announcement the total number of voting rights in IP Group is 365,763,664. This information may be used by shareholders in their calculations to determine if they are required to notify their interest in, or a change to their interest in, IP Group under the FSA's Disclosure and Transparency Rules.

This announcement should be read in conjunction with the full text of the prospectus published by IP Group and sent to Shareholders on 4 June 2011 (the "Prospectus"), copies of which are available on the Company's website at www.ipgroupplc.com. Capitalised terms in this announcement have the same meaning as in the Prospectus.

Enquiries: IP Group plc
Alan Aubrey, Chief Executive Officer Greg Smith, Chief Financial Officer Liz Vaughan-Adams, Communications	Tel: [phone]        [phone]        [phone] /        [phone]
Numis Securities Limited
Michael Meade / James Black / Nick Stamp	Tel: [phone]
Financial Dynamics
Ben Atwell / John Dineen	Tel: [phone]

 

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