22nd May 2007 13:14
IP Group PLC22 May 2007 22 May 2007 IP GROUP PLC ("IP Group" or "Company") Long term incentive plan Following the approval of the Company's Long Term Incentive Plan ("the LTIP") atthe Company's Annual General Meeting held on 24th April 2007, IP Group announcesthat on 21 May 2007, the Company conditionally awarded a total of 2,824,626ordinary shares of 2 pence each ("Ordinary Shares") to existing directors andemployees of the Company ("the Award"). The Ordinary Shares, which are subject to performance conditions, will only beissued upon allocation and will be allocated subject to the rules of the LTIPand satisfaction of the performance condition therein. A copy of the LTIP rules is available to shareholders upon request. For further information, please contact: IP Group plc 020 7489 5200Alan Aubrey, Chief Executive OfficerLiz Vaughan-Adams (Communications) 020 7489 5206/07979 853802 BuchananTim Anderson, Mary-Jane Johnson, Mark Court 020 7466 5000 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 Group Limited, a company set up tocommercialise university intellectual property under a long term contract withthe University of Leeds, in 2005 and Top Technology Ventures, an investment adviser to early stage technology venture capital funds, in 2004. The Company 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 31 December 2006, 53 spin-out companies had been created among theCompany's university partners. Of those, eight have listed on the AiM market ofthe London Stock Exchange, one on PLUS Markets and there have been two tradesales. For more information, please visit our website at www.ipgroupplc.com. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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