Director/PDMR Shareholding, SAYE scheme

RNS Number : 1258L
IP Group PLC
08 September 2021
 

FOR RELEASE ON

08 September 2021

 

IP Group plc - SAYE Scheme; PDMR shareholding

 

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.

 

 

SAVE AS YOU EARN ("SAYE") SHARESAVE PLAN

 

IP Group has granted options over the Company's ordinary shares of 2p each ("Shares"), under its SAYE Sharesave Plan to persons discharging managerial responsibilities ("PDMRs") of the Company as detailed below.

 

 Name

Plan duration

Number of options granted

Anthony York

3 years

8,720

Mark Reilly

3 years

6,976

 

In addition to the above, options over a total of 46,810 Shares were granted to certain other employees of the Group under the Sharesave Plan.

 

All of the above SAYE options have been granted on 08 September 2021 at an exercise price of 103.2p per share, with the SAYE contracts commencing on 1 November 2021. The exercise price was set in accordance with HM Revenue & Customs rules for Sharesave plans.

Permitted exercise periods are for a period of six months from the end of the plan period, ordinarily 1 November 2024.

 

Shares in issue

At the date of this announcement, the Company continues to have 1,062,788,114 ordinary 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.

 

SAYE Sharesave Plan

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name(s)

Anthony York

Mark Reilly




2

Reason for the notification

a)

Position/status

PDMR  Group People Director
PDMR  Managing Partner, Technology


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

Conditional award of Shares under the IP Group plc SAYE Sharesave Plan

c)

Currency

GBP

d)

Price(s) and volume(s)

Name(s)

Price(s)

Volume(s)

Anthony York

103.2p

8,720

Mark Reilly

103.2p

6,976



















e)

Aggregated information

-Aggregated volume

 

- Price

- Aggregated total

 

Aggregated Number of Shares conditionally awarded under the SAYE Sharesave Plan to PDMRs on 08 September 2021: 15,696

Price: 103.2p

f)

Date of the transaction

08 September 2021

g)

Place of the transaction

Outside a trading venue

 

 

For more information, please contact:

 

IP Group plc

www.ipgroupplc.com

Alan Aubrey, Chief Executive Officer
Greg Smith, Chief Financial Officer
Liz 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

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