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| Date | 8 Sept 2021 |
| Time | 10:53:50 |
| Category | Director/PDMR dealings |
| ID | 1258L |
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FOR RELEASE ON |
08 September 2021 |
IP Group plc - SAYE Scheme; PDMR shareholding
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.
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.
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Name |
Plan duration |
Number of options granted |
|
Anthony York |
3 years |
8,720 |
|
Mark Reilly |
3 years |
6,976 |
In addition to the above, options over a total of 46,810 Shares were granted to certain other employees of the Group under the Sharesave Plan.
All of the above SAYE options have been granted on 08 September 2021 at an exercise price of 103.2p per share, with the SAYE contracts commencing on 1 November 2021. 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 1 November 2024.
Shares in issue
At the date of this announcement, the Company continues to have 1,062,788,114 ordinary 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.
SAYE Sharesave Plan
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name(s) |
Anthony York Mark Reilly |
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2 |
Reason for the notification |
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a) |
Position/status |
PDMR Group People Director |
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Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
IP Group plc |
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b) |
Legal Entity Identifier |
213800HG22UM138WFG43 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 2p each in IP Group plc |
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b) |
Nature of the transaction |
Conditional award of Shares under the IP Group plc SAYE Sharesave Plan |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information -Aggregated volume
- Price - Aggregated total |
Aggregated Number of Shares conditionally awarded under the SAYE Sharesave Plan to PDMRs on 08 September 2021: 15,696 Price: 103.2p |
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f) |
Date of the transaction |
08 September 2021 |
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g) |
Place of the transaction |
Outside a trading venue
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For more information, please contact:
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IP Group plc |
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Alan Aubrey, Chief Executive Officer |
+44 (0) 20 7444 0050 |
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Charlotte Street Partners |
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Andrew Wilson |
+44 (0) 7810 636995 |
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David Gaffney |
+44 (0) 7854 609998 |
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.
ENDS