Directorate Change

RNS Number : 9702K

IP Group PLC

30 June 2014

 

FOR RELEASE ON

30 June 2014

IP Group plc - Directorate change

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property based businesses, announces that Francis Carpenter has stepped down as a non-executive

director of the Company on 30 June 2014 following completion of his second three-year term.

Mike Humphrey, the Group's Senior Independent Director, will take over the role of Chairman of the Group's Remuneration Committee from Francis.

Alan Aubrey, Chief Executive of IP Group, said: "I would like to extend the Board's thanks to Francis for his commitment and counsel over the last six years and to wish him all the best for the future."

There is no further information to be disclosed under Listing Rule 9.6.11R to 9.6.15G.

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer	[phone]
Liz Vaughan-Adams, Communications	[phone] / [phone] [e-mail]
FTI Consulting
John Dineen	[phone]

Notes for editors

About IP Group

IP Group is a leading UK intellectual property ("IP") commercialisation company, developing technology innovations primarily from its research intensive partner universities. The Group offers more than traditional venture capital, providing its companies with access to business building expertise, networks, recruitment and business support.

The Company's portfolio comprises holdings in over 90 companies including Oxford Nanopore Technologies, the DNA sequencing development company, Revolymer, best known for its removable chewing gum and Xeros, which has received many accolades for its revolutionary clothes washing techniques with a much reduced requirement for water.

The portfolio includes early stage to mature businesses and has exposure to five main sectors - Energy & Renewables, Healthcare, Biotech, IT & Communications and Chemicals & Materials.

For more information, please visit our website at www.ipgroupplc.com.

ENDS

 

END

 

 

BOAFMMATMBIJBTI