TIDMIPO

RNS Number : 8342O

IP Group PLC

12 October 2021

 
 FOR RELEASE ON   12 October 2021

IP Group plc - PDMR share purchases

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, has been notified that on 11 October 2021, Greg Smith, Chief Executive Officer, Alan Aubrey, former CEO, and Heejae Chae, a Non-executive Director of the Company, purchased a total of 8,500, 40,829 and 16,000 Ordinary Shares of 2p each respectively as set out in the table below.

 
 Name                       Number of shares   Price per share   Resultant 
                             acquired           (GBP)             beneficial 
                                                                  interest 
 Greg Smith, CEO            8,500              GBP1.23           364,467 
                           -----------------  ----------------  ------------ 
 Alan Aubrey, former CEO    40,829             GBP1.22           2,864,082 
                           -----------------  ----------------  ------------ 
 Heejae Chae, NED           16,000             GBP1.23           32,073 
                           -----------------  ----------------  ------------

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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                            Greg Smith 
2   Reason for the notification 
a)  Position/status                  Chief Executive Officer 
b)  Initial notification/Amendment  Initial Announcement 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name                            IP Group plc 
b)  LEI                             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    Ordinary Shares of 2p each in IP Group 
     instrument, type of             plc 
     instrument 
     Identification code             ISIN: GB00B128J450 
b)  Nature of the transaction       Purchase of shares 
c)  Price(s) and volume(s)          Price(s)        Volume(s) 
                                     123 pence per 
                                      share          8,500 
d)  Aggregated information          Not applicable - single transaction 
     - Aggregated volume 
     - Price 
e)  Date of the transaction         11 October 2021 
f)  Place of the transaction        London Stock Exchange, Main Market 
 
 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                            Alan Aubrey 
2   Reason for the notification 
a)  Position/status                  Former Chief Executive Officer 
b)  Initial notification/Amendment  Initial Announcement 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name                            IP Group plc 
b)  LEI                             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    Ordinary Shares of 2p each in IP Group 
     instrument, type of             plc 
     instrument 
     Identification code             ISIN: GB00B128J450 
b)  Nature of the transaction       Purchase of shares 
c)  Price(s) and volume(s)          Price(s)        Volume(s) 
                                     122 pence per 
                                      share          40,829 
d)  Aggregated information          Not applicable - single transaction 
     - Aggregated volume 
     - Price 
e)  Date of the transaction         11 October 2021 
f)  Place of the transaction        London Stock Exchange, Main Market 
 
 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                            Heejae Chae 
2   Reason for the notification 
a)  Position/status                  Non-executive Director 
b)  Initial notification/Amendment  Initial Announcement 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name                            IP Group plc 
b)  LEI                             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    Ordinary Shares of 2p each in IP Group 
     instrument, type of             plc 
     instrument 
     Identification code             ISIN: GB00B128J450 
b)  Nature of the transaction       Purchase of shares 
c)  Price(s) and volume(s)          Price(s)        Volume(s) 
                                     123 pence per 
                                      share          16,000 
d)  Aggregated information          Not applicable - single transaction 
     - Aggregated volume 
     - Price 
e)  Date of the transaction         11 October 2021 
f)  Place of the transaction        London Stock Exchange, Main Market

For more information, please contact:

 
 IP Group plc                          www.ipgroupplc.com 
                                       +44 (0) 20 7444 0050 
 Angela Leach, Company Secretary        +44 (0) 20 7444 0062/+44 (0) 
  Liz Vaughan-Adams, Communications     7979 853802 
 Charlotte Street Partners 
 David Gaffney                         +44 (0) 7854 609998 
 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 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

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END

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(END) Dow Jones Newswires

October 12, 2021 09:09 ET (13:09 GMT)

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