Appointment

18th Apr 2008 07:00

IP Group PLC18 April 2008 18 APRIL 2008 APPOINTMENT OF FRANCIS CARPENTER, FORMER CEO OF THE EUROPEAN INVESTMENT FUND IP Group plc (LSE: IPO) ("IP Group" or the "Company" or "Group"), the UK'sleading university intellectual property commercialisation company, announcesthat it has appointed Francis Carpenter to the Board as a Non-Executive Directorwith immediate effect. Mr Carpenter, aged 65, was Chief Executive Officer of the European InvestmentFund ("EIF"), holding that role for nearly six years until his retirement at theend of February 2008. The EIF is the European Union's specialised financialinstitution providing venture capital, especially high tech, and guarantees forthe creation, growth and development of Small and Medium-sized Enterprises inthe European Union and in Accession Countries. Prior to this, Mr Carpenter was Secretary General of the European InvestmentBank ("EIB"), for six years. Previously he was Director of Credit RiskManagement at the EIB, having held the position of Director of Lending in theUK, Ireland, North Sea and Portugal. Mr Carpenter joined the EIB in 1975. A graduate of Wadham College, Oxford, the Institut d'Etudes Politiques, Paris,and the New School for Social Sciences, New York, Mr Carpenter spent the firstyears of his career at Citibank, working in New York, Geneva and Paris ininvestment research and portfolio management. Dr Bruce Smith, Chairman of IP Group, said: "I am delighted to welcome Francisto the Board at this exciting time in IP Group's development. His investmentexperience and knowledge of the European technology transfer and venture capitalmarket will be invaluable to the Group." The Company confirms that there is no additional information which is requiredto be disclosed under Rule 9.6.13 of the Listing Rules of the UK ListingAuthority. For further information, please contact: IP Group0845 0742929Alan Aubrey, Chief Executive OfficerLiz Vaughan-Adams (Communications)020 7444 0062/07979853802 Financial DynamicsBen Atwell, Rob Bailhache, John Dineen020 7831 3113 Notes for Editors About IP Group IP Group is an intellectual property (IP) commercialisation company thatspecialises in commercialising university technology. Founded in 2001, IP Grouplisted on AIM in October 2003 and moved to the Official List in June 2006. Ithas made two acquisitions to date - Techtran, a company set up to commercialiseuniversity intellectual property under a long term contract with the Universityof Leeds, in 2005 and Top Technology Ventures, an investment adviser to earlystage technology venture capital funds, in 2004. IP Group has formed long-term partnerships with ten universities - theUniversity of Oxford, King's College London, CNAP/University of York, theUniversity of Leeds, the University of Bristol, the University of Surrey, theUniversity of Southampton, Queen Mary (University of London), the University ofBath and the University of Glasgow. The Company's portfolio is diverse with exposure to five main sectors - Energy &Renewables, Healthcare & Life Sciences: Non-therapeutics, Healthcare & LifeSciences: Therapeutics, IT & Communications and Chemicals & Materials. To date,ten portfolio companies have listed on the AIM market of the London StockExchange, one on PLUS Markets and there have been two trade sales. IP Group alsoestablished three 'Modern-themed' subsidiaries - Modern Biosciences, ModernWater and Modern Waste. Modern Water was the first of these subsidiaries tofloat on AIM in June 2007. For more information, please visit our website at www.ipgroupplc.com. This information is provided by RNS The company news service from the London Stock Exchange

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