Director/PDMR Shareholding

RNS Number : 6672S
IP Group PLC
13 March 2023
 

FOR RELEASE ON

13 March 2023

IP Group - Director/PDMR share purchases

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, has been notified that on 09 March 2023, Greg Smith, Chief Executive Officer, David Baynes, Chief Financial and Operating Officer, and Lady Flint, the wife of Sir Douglas Flint, Chairman, purchased a total of 35,052, 35,068 and 46,000 Shares of 2p each respectively as outlined in the below table.

 

Name

Title

Number of shares acquired

Price per share

Resulting beneficial interest in shares*

Resulting beneficial interest as a percentage of the Company's issued share capital

Greg Smith

Chief Executive Officer

35,052

57.1 p

600,587

0.056%

David Baynes

Chief Financial and Operating Officer

35,068

56.7 p

545,121

0.051%

Lady Fiona Flint

(PCA of Sir Douglas Flint)

46,000

58.4p

94,500**

0.009%**

* Where relevant, beneficial interest in shares includes shares that are subject to award under the Company's Long Term Incentive Plan which have vested by reference to performance conditions, but which remain subject to a holding period and thus have not yet been formally issued. 153,315 shares have been included for Mr Smith and 153,315 shares for Mr Baynes, which represents the total number of shares subject to such awards net of an assumed tax rate of 47%.

** Total beneficial interest of Sir Douglas Flint, Chairman and Lady Fiona Flint

 

 

The notification below, made in accordance with the requirements of article 19 of the UK Market Abuse Regulation, provides further detail.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Greg Smith

2

Reason for the notification

a)

Position/status

 Chief Executive Officer

 

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IP Group plc

b)

LEI

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

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 

30,655

4,397

 

57.1p

56.9p

 

 

d)

Aggregated information

-  Aggregated volume

-  Price

Not applicable - single transaction

35,052

57.07 pence per share

e)

Date of the transaction

09 March 2023

f)

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 Financial and Operating Officer

 

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IP Group plc

b)

LEI

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

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 56.67 pence per share

35,068

 

d)

Aggregated information

-  Aggregated volume

-  Price

Not applicable - single transaction

e)

Date of the transaction

09 March 2023

f)

Place of the transaction

London Stock Exchange, Main Market

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lady Fiona Flint

2

Reason for the notification

a)

Position/status

 PCA of Sir Douglas Flint, Chairman

 

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IP Group plc

b)

LEI

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

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 58.4 pence per share

46,000

 

d)

Aggregated information

-  Aggregated volume

-  Price

Not applicable - single transaction

e)

Date of the transaction

09 March 2023

f)

Place of the transaction

London Stock Exchange, Main Market

 

For more information, please contact:

IP Group plc

www.ipgroupplc.com

Greg Smith, Chief Executive Officer

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

Portland

Vic Wallin

Alex Donaldson

+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. A the  most active  UK based,  early stage science investor we develop and support some  of th e 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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