5th Dec 2006 17:43
IP Group PLC05 December 2006 IP Group plc ('IP Group' or 'the Company') Director's dealings IP Group plc (LSE: IPO), the intellectual property commercialisation company,was notified today that the Company's Executive Chairman David Norwood hassold, on London Stock Exchange plc, 500,000 ordinary shares of 2p each("Ordinary Shares") in the Company at a price of £1.36 per share, representing0.2% of the Company's current issued share capital. Following the sale, MrNorwood is beneficially interested in 4,280,172 Ordinary Shares of the Company,representing 1.74% of the Company's issued share capital. For more information, please contact: IP Group plc 020 7489 5200Alan Aubrey, Chief Executive OfficerLiz Vaughan-Adams (communications) 020 7489 5206/07979 853802 Buchanan Communications 020 7466 5000Mark Court, Tim Anderson, Mary-Jane Johnson Notes for editors About IP Group IP Group plc 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 early stage technology venture capital funds, in 2004. The 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. As at 30 June 2006, 44 spin-out companies had been created among the group'suniversity partners. Of those, eight have listed on the AiM market of theLondon Stock Exchange and there have been two trade sales. For more information, please visit our website at www.ipgroupplc.com. ENDS This information is provided by RNSThe company news service from the London Stock Exchange This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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