28th May 2021 15:36
FOR RELEASE ON | 28 May 2021 |
IP Group plc - Exercise of options
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.
Exercise of Deferred Bonus Share Plan ("DBSP") options
The Group's four executive directors and three of its PDMRs exercised DBSP options over a total of 199,100 ordinary shares of two pence each ("Shares"), resulting from the partial deferral of annual bonuses from 2018, 2019 and 2020 on 27 May 2021. In addition, on the same date, other Group employees exercised DBSP options over a total of 171,937 shares resulting from the partial deferral of bonuses from the same period. IP Group's employee benefit trust satisfied the exercise of these options through the purchase of 371,037 existing Shares at an average price of 121.6077p.
All of the executive directors and Mark Reilly sold sufficient Shares to meet their tax liabilities. Sam Williams and Angela Leach sold all of the Shares resulting from their option exercises. The balance of the Shares retained by the executive directors will continue to be held by IP Group's employee benefit trust on behalf of, and as nominee for, the executive directors in order to assist the Group in its application of its Post Cessation Shareholding Policy.
Shares in issue
As the Group's employee benefit trust purchased existing Shares to satisfy the option exercises, the Company continues to have 1,062,353,734 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.
DBSP exercise
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Alan Aubrey | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Executive Officer | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
49,212 121.6077p£59,845.58 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | 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 | Chief Executive Officer | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Sale | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
23,130 121.6077p£28,127.42 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market
| ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | David Baynes | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Operating Officer | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
27,034 121.6077p£32,875.43 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | David Baynes | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Operating Officer | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Sale | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
12,706 121.6077p £15,451.45
| ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Greg Smith | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Financial Officer | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
27,034 121.6077p £32,875.43
| ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Greg Smith | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Financial Officer | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Sale | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
12,706 121.6077p £15,451.45 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Mike Townend | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Investment Officer | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
27,034 121.6077p £32,875.43 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Mike Townend | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Investment Officer | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Sale | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
12,706 121.6077p £15,451.45 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
29,827 121.6077p £36,271.93 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Sale | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
14,019 121.6077p £17,047.81 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Sam Williams | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR Managing Partner, Life Sciences | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Exercise of options in connection with the 2019 DBSP and 2020 DBSP Awards | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price
- Aggregated total |
20655121.6077p £25,118.07 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Sam Williams | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR Managing Partner, Life Sciences | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Sale | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
20,655 121.6077p £25,118.07 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Angela Leach | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR General Counsel & Company Secretary | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Exercise of options in connection with the 2018 DBSP and 2020 DBSP Awards | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
18,304 121.6077p £22,259.07 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Angela Leach | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | PDMR General Counsel & Company Secretary | ||||||
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 instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 | ||||||
b) | Nature of the transaction | Sale | ||||||
c) | Currency | GBP | ||||||
d) | Price(s) and volume(s)
|
| ||||||
e) | Aggregated information -Aggregated volume - Price - Aggregated total |
18,304 121.6077p £22,259.07 | ||||||
f) | Date of the transaction | 27 May 2021 | ||||||
g) | Place of the transaction | London Stock Exchange, Main Market | ||||||
For more information, please contact:
IP Group plc | www.ipgroupplc.com |
Alan Aubrey, Chief Executive OfficerGreg Smith, Chief Financial OfficerLiz Vaughan-Adams, Communications | +44 (0) 20 7444 0050+44 (0) 20 7444 0062/+44 (0) 7979 853802 |
Charlotte Street Partners | |
Andrew Wilson | +44 (0) 7810 636995 |
David Gaffney | +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.
ENDS
Related Shares:
Ip Group