Further re Scrip Dividend

IP Group plc - Further re Scrip Dividend

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property-based businesses, announces that further to the announcement made on 20 May 2021 in relation to the Scrip Dividend, the Group has received valid elections from shareholders resulting in a requirement to issue 434,380 new Ordinary Shares ("New Shares"). 

An application has been made for the New Shares to be issued in connection with the Scrip Dividend to be admitted to the premium segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange respectively.

Admission of the New Shares is now expected to be effective on 17 June 2021, as opposed to 16 June 2021 as previously disclosed.  Following admission and in accordance with the Disclosure and Transparency Rules of the Financial Conduct Authority, the Group will have 1,062,788,114 Ordinary Shares in issue, each share carrying the right to one vote. The Group does not hold any shares in Treasury.

The above figure of 1,062,788,114 Ordinary Shares may be used by shareholders in the Group as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Group under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

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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