Director/PDMR Shareholding; SAYE scheme

IP Group PLC
28 September 2023
 

FOR RELEASE ON

28 September 2023

 

IP Group plc - SAYE Scheme; PDMR shareholding

 

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, 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

39,586

Angela Leach

3 years

15,834

Mark Reilly

3 years

15,834

Douglas Moray Wright

3 years

39,586

Anthony York

3 years

39,586

 

In addition to the above, options over a total of 961,933 Shares were granted to certain other employees of the Group under the Sharesave Plan.

 

All of the above SAYE options have been granted on 28 September 2023 at an exercise price of 46.86 pence per share, with the SAYE contracts commencing on 01 November 2023. 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 2026.

Shares in issue

At the date of this announcement, the Company continues to have 1,063,188,005 Shares in issue and 26,273,218 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

Angela Leach

Mark Reilly

Douglas Moray Wright

Anthony York

2

Reason for the notification

a)

Position/status

Executive Director        Chief Executive Officer

PDMR                           Group General Counsel & Company Secretary

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

46.86p

39,586

Angela Leach

46.86p

15,834

Mark Reilly

46.86p

15,834

Douglas Moray Wright

46.86p

39,586

Anthony York

46.86p

39,586










e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

 

Aggregated Number of Shares conditionally awarded under the SAYE Sharesave Plan to PDMRs on 28 September 2023: 150,426

Price: 46.86p

 

f)

Date of the transaction

28 September 2023

g)

Place of the transaction

Outside a trading venue

 

 

For more information, please contact:

 

IP Group plc

www.ipgroupplc.com


Liz Vaughan-Adams, Communications   

 

Portland

 

Vic Wallin

Alex Donaldson


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

 

 

 

+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 institutionsOur 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.

 

ENDS

 

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