Director/PDMR Shareholding, SAYE scheme

RNS Number : 6669Y
IP Group PLC
07 September 2022
 

FOR RELEASE ON

07 September 2022

 

IP Group plc - SAYE Scheme; PDMR shareholding

 

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), which develops world-changing science and technology businesses across life sciences, technology and cleantech, 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

Greg Smith

3 years

27,692

David Baynes

3 years

27,692

Angela Leach

3 years

11,076

Lisa Patel

3 years

22,153

Mark Reilly

3 years

16,615

Douglas Moray Wright

3 years

27,692

Anthony York

3 years

19,384

 

In addition to the above, options over a total of 439,796 Shares were granted to certain other employees of the Group under the Sharesave Plan.

 

All of the above SAYE options have been granted on 07 September 2022 at an exercise price of 65.0 pence per share, with the SAYE contracts commencing on 01 November 2022. 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 01 November 2025.

 

Shares in issue

At the date of this announcement, the Company continues to have 1,063,033,287 Shares in issue and 28,607,622 Shares held in treasury.



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)

Greg Smith

David Baynes

Angela Leach

Lisa Patel

Mark Reilly

Douglas Moray Wright

Anthony York




2

Reason for the notification

a)

Position/status

Executive Director  Chief Executive Officer

Executive Director  Chief Financial and Operating Officer
PDMR   Group General Counsel

PDMR   Partner, Life Sciences

PDMR   Managing Partner, Technology

PDMR   CEO Parkwalk

PDMR   Group People Director


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)

Greg Smith

65.0p

27,692

David Baynes

65.0p

27,692

Angela Leach

65.0p

11,076

Lisa Patel

65.0p

22,153

Mark Reilly

65.0p

16,615

Douglas Moray Wright

65.0p

27,692

Anthony York

65.0p

19,384










e)

Aggregated information

-Aggregated volume

 

- Price

- Aggregated total

 

Aggregated Number of Shares conditionally awarded under the SAYE Sharesave Plan to PDMRs on 07 September 2022: 152,304

Price: 65.0p

f)

Date of the transaction

07 September 2022

g)

Place of the transaction

Outside a trading venue

 

 

For more information, please contact:

 

IP Group plc

www.ipgroupplc.com

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

 

Notes for editors

 

About IP Group

 

IP Group develops world-changing science and technology businesses across life sciences, technology and cleantech (through Kiko Ventures). The Group has a strong track record of success, having been the founder investor in a number of high-profile companies including Oxford Nanopore Technologies plc, and has one of the most exciting portfolios of high-growth businesses in Europe. The Group also owns Parkwalk, the UK's largest growth EIS fund manager which backs world-changing technologies emerging from the UK's leading universities and research institutions. 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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