Director/PDMR Shareholding, SAYE scheme
FOR RELEASE ON
08 September 2021
IP Group plc - SAYE Scheme; PDMR shareholding
IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces the following in connection with its employee share schemes.
SAVE AS YOU EARN ("SAYE") SHARESAVE PLAN
IP Group has granted options over the Company's ordinary shares of 2p each ("Shares"), under its SAYE Sharesave Plan to persons discharging managerial responsibilities ("PDMRs") of the Company as detailed below.
Number of options granted
In addition to the above, options over a total of 46,810 Shares were granted to certain other employees of the Group under the Sharesave Plan.
All of the above SAYE options have been granted on 08 September 2021 at an exercise price of 103.2p per share, with the SAYE contracts commencing on 1 November 2021. 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 November 2024.
Shares in issue
At the date of this announcement, the Company continues to have 1,062,788,114 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.
SAYE Sharesave Plan
Details of the person discharging managerial responsibilities/person closely associated
Reason for the notification
PDMR Group People Director
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
IP Group plc
Legal Entity Identifier
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
Description of the financial instrument, type of instrument
Ordinary Shares of 2p each in IP Group plc
Nature of the transaction
Conditional award of Shares under the IP Group plc SAYE Sharesave Plan
Price(s) and volume(s)
- Aggregated total
Aggregated Number of Shares conditionally awarded under the SAYE Sharesave Plan to PDMRs on 08 September 2021: 15,696
Date of the transaction
08 September 2021
Place of the transaction
Outside a trading venue
For more information, please contact:
IP Group plc
Alan Aubrey, Chief Executive Officer
+44 (0) 20 7444 0050
Charlotte Street Partners
+44 (0) 7810 636995
+44 (0) 7854 609998
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.