14th Jun 2006 17:29
IP Group PLC14 June 2006 ("IP Group" or the "Company") Proposed move to the Official List from AIM Following the announcement by IP Group plc, (AIM: IPO), on 9 May 2006 of itsintention to apply for admission to the Official List of the UKLA (the "OfficialList"), application has now been made for the Company's issued ordinary sharesto be admitted to the Official List and to be traded on London Stock Exchangeplc's market for listed securities ("Admission") and for the cancellation of theCompany's issued ordinary shares on the Alternative Investment Market of LondonStock Exchange plc ("AIM"). It is intended that Admission will become effectiveat 8.00 a.m. on 19 June 2006 and that trading in the Company's shares on AIMwill cease at the same time. The Board believes that joining the Official List will benefit IP Group in anumber of ways, including both providing the Company with the ability to attracta wider range of shareholders and raising IP Group's profile domestically andinternationally. IP Group has appointed KBC Peel Hunt Ltd as its sponsor for the Admission andjoint broker along with Lehman Brothers International (Europe). For further information about IP Group plc please contact: IP Group plc 020 7489 5200Alan Aubrey, Chief Executive OfficerMagnus Goodlad, Executive Director KBC Peel Hunt Ltd 020 7418 8900Megan Macintyre Buchanan Communications 020 7466 5000Mark Court, Tim Anderson, Mary-Jane Johnson This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ip Group