18th Dec 2023 11:10
IP Group PLC - invests in companies pursuing breakthrough science and innovation, such as Oxford Nanopore Technologies PLC - Launches on Monday a share buyback worth up to GBP20 million. The programme conducted by Deutsche Numis, part of Deutche Bank AG, will run until the end of 2024. IP Group says it has gross cash of GBP235 million as of November 30, following GBP38 million in cash realisations. At the same time, the company notes the discount of its share price to net asset value, which was reported at 126.7 pence per share at the half-year stage of 2023 on June 30. Read More