Director/PDMR Shareholding

RNS Number : 2571A

IP Group PLC

28 May 2021

 

FOR RELEASE ON

28 May 2021

IP Group plc - Exercise of options  

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.

Exercise of Deferred Bonus Share Plan ("DBSP") options

The Group's four executive directors and three of its PDMRs exercised DBSP options over a total of 199,100 ordinary shares of two pence each ("Shares"), resulting from the partial deferral of annual bonuses from 2018, 2019 and 2020 on 27 May 2021. In addition, on the same date, other Group employees exercised DBSP options over a total of 171,937 shares resulting from the partial deferral of bonuses from the same period.  IP Group's employee benefit trust satisfied the exercise of these options through the purchase of 371,037 existing Shares at an average price of 121.6077p. 

All of the executive directors and Mark Reilly sold sufficient Shares to meet their tax liabilities. Sam Williams and Angela Leach sold all of the Shares resulting from their option exercises.  The balance of the Shares retained by the executive directors will continue to be held by IP Group's employee benefit trust on behalf of, and as nominee for, the executive directors in order to assist the Group in its application of its Post Cessation Shareholding Policy.

Shares in issue

As the Group's employee benefit trust purchased existing Shares to satisfy the option exercises, the Company continues to have 1,062,353,734 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.

DBSP exercise

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alan Aubrey
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	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	Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Alan Aubrey  Nil cost option   49,212
e)	Aggregated information -Aggregated volume - Price - Aggregated total	49,212 121.6077p £59,845.58
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alan Aubrey
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	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	Sale
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Alan Aubrey   121.6077p    23,130
e)	Aggregated information -Aggregated volume - Price - Aggregated total	23,130 121.6077p £28,127.42
f)	Date of the transaction	27 May 2021
g)	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 Operating Officer
b)	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	Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) David Baynes  Nil cost option   27,034
e)	Aggregated information -Aggregated volume - Price - Aggregated total	27,034 121.6077p £32,875.43
f)	Date of the transaction	27 May 2021
g)	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 Operating Officer
b)	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	Sale
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) David Baynes  121.6077p 12,706
e)	Aggregated information -Aggregated volume - Price - Aggregated total	12,706 121.6077p £15,451.45
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Greg Smith
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	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	Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Greg Smith  Nil cost option   27,034
e)	Aggregated information -Aggregated volume - Price - Aggregated total	27,034 121.6077p £32,875.43
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Greg Smith
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	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	Sale
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Greg Smith  121.6077p 12,706
e)	Aggregated information -Aggregated volume - Price - Aggregated total	12,706 121.6077p £15,451.45
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mike Townend
2	Reason for the notification
a)	Position/status	Chief Investment Officer
b)	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	Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Mike Townend  Nil cost option   27,034
e)	Aggregated information -Aggregated volume - Price - Aggregated total	27,034 121.6077p £32,875.43
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mike Townend
2	Reason for the notification
a)	Position/status	Chief Investment Officer
b)	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	Sale
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Mike Townend 121.6077p 12,706
e)	Aggregated information -Aggregated volume - Price - Aggregated total	12,706 121.6077p £15,451.45
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Reilly
2	Reason for the notification
a)	Position/status	PDMR Managing Partner, Technology
b)	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	Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Mark Reilly  Nil cost option   29,827
e)	Aggregated information -Aggregated volume - Price - Aggregated total	29,827 121.6077p   £ 36,271.93
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Reilly
2	Reason for the notification
a)	Position/status	PDMR Managing Partner, Technology
b)	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	Sale
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Mark Reilly 121.6077p 14,019
e)	Aggregated information -Aggregated volume - Price - Aggregated total	14,019 121.6077p £17,047.81
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Sam Williams
2	Reason for the notification
a)	Position/status	PDMR Managing Partner, Life Sciences
b)	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	Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Sam Williams  Nil cost option  20655
e)	Aggregated information -Aggregated volume - Price - Aggregated total	20655 121.6077p £25,118.07
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Sam Williams
2	Reason for the notification
a)	Position/status	PDMR Managing Partner, Life Sciences
b)	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	Sale
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Sam Williams  121.6077p 20,655
e)	Aggregated information -Aggregated volume - Price - Aggregated total	20,655 121.6077p £25,118.07
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Angela Leach
2	Reason for the notification
a)	Position/status	PDMR  General Counsel & Company Secretary
b)	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	Exercise of options in connection with the 2018 DBSP and 2020 DBSP Awards
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Angela Leach  Nil cost option  18,304
e)	Aggregated information -Aggregated volume - Price - Aggregated total	18,304 121.6077p £22,259.07
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Angela Leach
2	Reason for the notification
a)	Position/status	PDMR  General Counsel & Company Secretary
b)	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	Sale
c)	Currency	GBP
d)	Price(s) and volume(s)	Name(s) Price(s) Volume(s) Angela Leach  121.6077p 18,304
e)	Aggregated information -Aggregated volume - Price - Aggregated total	18,304 121.6077p £22,259.07
f)	Date of the transaction	27 May 2021
g)	Place of the transaction	London Stock Exchange, Main Market

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	[phone] [phone]/[phone]
Charlotte Street Partners
Andrew Wilson	[phone]
David Gaffney	[phone]

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 .

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