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IP Group PLC Director's Dealing 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 2571A
IP Group PLC
28 May 2021
| 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)
| Name(s) | Price(s) | Volume(s) |
| Alan Aubrey | Nil cost option | 49,212 |
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)
| Name(s) | Price(s) | Volume(s) |
| Alan Aubrey | 121.6077p | 23,130 |
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)
| Name(s) | Price(s) | Volume(s) |
| David Baynes | Nil cost option | 27,034 |
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)
| Name(s) | Price(s) | Volume(s) |
| David Baynes | 121.6077p | 12,706 |
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)
| Name(s) | Price(s) | Volume(s) |
| Greg Smith | Nil cost option | 27,034 |
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)
| Name(s) | Price(s) | Volume(s) |
| Greg Smith | 121.6077p | 12,706 |
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)
| Name(s) | Price(s) | Volume(s) |
| Mike Townend | Nil cost option | 27,034 |
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)
| Name(s) | Price(s) | Volume(s) |
| Mike Townend | 121.6077p | 12,706 |
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)
| Name(s) | Price(s) | Volume(s) |
| Mark Reilly | Nil cost option | 29,827 |
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)
| Name(s) | Price(s) | Volume(s) |
| Mark Reilly | 121.6077p | 14,019 |
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)
| Name(s) | Price(s) | Volume(s) |
| Sam Williams | Nil cost option | 20655 |
e)
Aggregated information
-Aggregated volume
- Price
- Aggregated total
20655
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
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)
| Name(s) | Price(s) | Volume(s) |
| Sam Williams | 121.6077p | 20,655 |
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)
| Name(s) | Price(s) | Volume(s) |
| Angela Leach | Nil cost option | 18,304 |
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)
| Name(s) | Price(s) | Volume(s) |
| Angela Leach | 121.6077p | 18,304 |
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 Officer Greg Smith, Chief Financial Officer Liz 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
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