IP Group PLC Director/PDMR Shareholding (4562E)
29 Junio 2023 - 12:24PM
UK Regulatory
TIDMIPO
RNS Number : 4562E
IP Group PLC
29 June 2023
FOR RELEASE ON 29 June 2023
IP Group plc - Additional DBSP awards; PDMR shareholding
IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the
Company"), which invests in breakthrough science and innovation
companies with the potential to create a better future for all,
announces the following in connection with its employee share
schemes.
Deferred Bonus Share Plan ("DBSP") Awards
On 14 April 2023, the Company granted a number of nil-cost
options over ordinary shares of two pence each ("Shares") to
certain employees under the Group's DBSP, such awards being
announced to the market via RNS on 18 April 2023 (the "April 2023
DBSP Awards").
It was subsequently noted that there had been an administrative
error in calculating a small number of the April 2023 DBSP Awards.
As such, on 28 June 2023 the Company granted additional nil-cost
options over Shares to a person discharging managerial
responsibilities ("PDMR") and certain current and former employees
under the Group's DBSP (the "Additional Grant"). The Additional
Grant has been made on the same basis as the April 2023 DBSP Awards
were made. The following table sets out details of the awards made
to a PDMR:
Name of Director/PDMR Structure of award Number of options Number of options Total number of
granted under the granted under the options currently held
April 2023 DBSP Additional Grant
Mark Reilly Nil-Cost Option 75,376 4,636 127,380
-------------------- ---------------------- ---------------------- -----------------------
Total
---------------------- ---------------------- -----------------------
In addition to the above, under the Additional Grant, awards
over a total of 24,202 Shares were made to certain other of the
Group's employees and former employees. As at the date of this
announcement, a total of 2,168,457 n il-cost options over Shares
remain outstanding under the IP Group DBSP.
No consideration was paid for the grant of the awards and no
consideration is due on the maturity of the option period. Fifty
per cent of the options will normally be automatically exercised on
31 March 2024 and fifty per cent on 31 March 2025, with each such
automatic exercise generally subject to continued employment.
Shares in issue
At the date of this announcement, the Company continues to have
1,063,188,005 Shares in issue of which 26,273,218 Shares are held
in treasury.
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.
DBSP Awards
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 Ordinary Shares of 2p each in IP Group plc
instrument
Identification code ISIN: GB00B128J450
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil-cost options under the IP Group plc DBSP
-------------------------------------------------------- -------------------------------------------------------
c) Currency GBP
-------------------------------------------------------- -------------------------------------------------------
d) Price(s) and volume(s) Name(s) Price(s) Volume(s)
Mark Reilly Nil cost option 4,636
-------------------------------------------------------- -------------------------------------------------------
e) Aggregated information
-Aggregated volume Aggregated number of options granted under the DBSP
- Price to Directors and PDMRs on 28 June 2023:
- Aggregated total 4,636
Price: GBP nil
-------------------------------------------------------- -------------------------------------------------------
f) Date of the transaction 28 June 2023
-------------------------------------------------------- -------------------------------------------------------
g) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
For more information, please contact:
IP Group plc www.ipgroupplc.com
+44 (0) 20 7444 0062/+44 (0)
Liz Vaughan-Adams, Communications 7979 853802
Portland
Vic Wallin +44 (0) 7973 823119
Alex Donaldson +44 (0) 7516 729702
Notes for editors
About IP Group
IP Group accelerates the impact of science for a better future.
As the most active UK based, early stage science investor, we
develop and support some of the world's most exciting businesses in
deeptech, life sciences and cleantech (led by Kiko Ventures).
Through Parkwalk, the UK's largest growth EIS fund manager, we also
back world-changing innovation emerging in leading universities and
research institutions. Our specialist investment team combines
sector expertise with an international approach. Together we have a
strong track record of success, having backed high-profile
companies including Oxford Nanopore Technologies plc, First Light
Fusion, Hysata, and Oxbotica. 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
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END
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