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IP Group PLC — Director's Dealing 2014
Mar 20, 2014
4852_dirs_2014-03-20_e1f5b134-3e3e-4eb2-bc1f-2563b49c55d9.html
Director's Dealing
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RNS Number : 8332C
IP Group PLC
20 March 2014
20 March 2014
IP GROUP PLC
("IP Group" or the "Company")
Director / PDMR Shareholding
The Company announces that, on 17 March 2014, Doug Liversidge, Non-Executive Director of IP Group and formerly Non-Executive Chairman of Fusion IP plc ("Fusion IP"), exercised certain options over Fusion IP shares as part of the recommended offer for Fusion IP by way of a scheme of arrangement (the "Scheme") becoming effective. The options were exercised in order to ensure that at no time was Mr Liversidge a participant in any option scheme operated by the Company or any of its subsidiaries, having reference to the independence criteria prescribed by the UK Corporate Governance Code.
Following the Scheme becoming effective, on 20 March 2014, Mr Liversidge sold a total of 77,800 Ordinary Shares of 2p each in IP Group at a price of 206 pence per share, in order to meet the exercise price and tax and national insurance liabilities relating to the exercise of his options over Fusion IP shares. Following this transaction, Mr Liversidge is interested in a total of 75,297 Ordinary Shares of 2p each in the Company representing approximately 0.02 percent of IP Group's issued share capital.
For further information please contact:
IP Group
Greg Smith, Chief Financial Officer +44 (0) 20 7444 0050
Liz Vaughan-Adams, Communications +44 (0) 20 7444 0062
+44 (0) 7979 853 802
FTI Consulting +44 (0) 20 7831 3113
John Dineen
James Melville-Ross
This information is provided by RNS
The company news service from the London Stock Exchange
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