FOR RELEASE ON |
29 August 2018 |
IP Group plc -SAYE scheme
IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property-based businesses, announces the following grant of options over the Company's Ordinary Shares of 2p each, under its Save As You Earn ("SAYE") Sharesave Plan, to a PDMR of the Company, as detailed below.
Name |
Plan duration |
Number of options granted |
PDMR |
Mark Reilly |
3 years |
10,898 |
In addition to the above, options over a total of 75,373 Shares were granted to certain other employees of the Group under the Sharesave Plan.
All of the above SAYE options have been granted on 29 August 2018 at an exercise price of 99.10p per share, with the SAYE contracts commencing on 1 October 2018. 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 October 2021 for the 3-year plan.
The Company currently has 1,059,144,595 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.
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 |
Grant of Options under the IP Group plc SAYE |
c) |
Currency |
GBP |
d) |
Price(s) and volume(s) |
Name(s) |
Price(s) |
Volume(s) |
Mark Reilly |
99.10p |
10,898 |
|
e) |
Aggregated information - Aggregated volume - Price - Aggregated total |
Aggregated Number of Options Granted Under the SAYE to Directors and PDMRs on 29 August 2018: 10,898
Price: 99.10p |
f) |
Date of the transaction |
29 August 2018. |
g) |
Place of the transaction |
London Stock Exchange, Main Market |
For more information, please contact:
IP Group plc |
www.ipgroupplc.com |
Angela Leach, Company Secretary
Liz Vaughan-Adams, Communications |
+44 (0) 20 7444 0050
+44 (0) 20 7444 0062/+44 (0) 7979 853802 |
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 100 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.
ENDS
