FOR RELEASE ON |
01 March 2017 |
IP Group plc - Portfolio company Actual Experience completes £17.5m placing
IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property-based businesses, is pleased to note that portfolio company Actual Experience plc ("Actual Experience" or "the Company"), has raised a total of £17.5 million (before expenses) by means of a conditional placing ("Placing").
Actual Experience, which was founded in 2009 to commercialise research originally undertaken at Queen Mary University of London, is an analytics-as-a-service company with a primary focus on analysing and evaluating the impact of digital supply chain behaviour on perceived human experience. The Company's goal is to ensure a consistent digital experience for digital products and services by significantly reducing the time it takes to pinpoint digital experience issues.
IP Group committed a total of £1.46m to the Placing and, following completion, will hold a total of 9,928,384 shares in Actual Experience, or 22.25% of the equity. The Placing is conditional upon Shareholder approval at the General Meeting, scheduled for 20 March 2017.
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 |
+44 (0) 20 7444 0050
+44 (0) 20 7444 0062/+44 (0) 7979 853802 |
Charlotte Street Partners |
|
Andrew Wilson |
+44 (0) 7810 636995 |
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 subsidiary IP Capital), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in approximately 80 early-stage to mature businesses across four main sectors -- Biotech, Cleantech, Healthcare and Technology. The Company 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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