IP Group PLC — Remuneration Information 2017

Aug 30, 2017

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RNS Number : 3646P

IP Group PLC

30 August 2017

FOR RELEASE ON	# 30 August 2017

IP Group plc - LTIP Awards

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property-based businesses, announces that it has made conditional awards of ordinary shares of two pence each ("Shares") to its executive directors, other persons discharging managerial responsibilities ("PDMRs") and certain other employees under its Long-Term Incentive Plan (the "LTIP").

Conditional awards over 2,568,618 Shares have been made to the executive directors and PDMRs, as set out in the table below, with awards over a further 2,114,094 to other of the Group's employees. These awards are ordinarily made in the second quarter of each year, however, due to the presence of inside information at that time, the awards have been made following the release of the Group's half-yearly results.

The performance measures attaching to the 2017 awards are based on the achievement of targets linked to growth in the Company's "hard" net assets ("Hard NAV") and total shareholder return ("TSR") as described in the Directors' Remuneration Report of the Annual Report and Accounts. The starting point for the TSR target will be 140p, being the price of the Group's recent capital raise, and this price has been used to calculate the number of Shares conditionally awarded to the executive directors. The starting point for the Hard NAV performance measure is the Group's audited Hard NAV at 31 December 2016, as adjusted for the proceeds of the Group's recent capital raise.

Assuming satisfaction of the conditions in full, the awards will ordinarily vest on or after 31 March 2020 and the Shares will be issued as soon as practicable after these dates. Any such Shares would be subject to a minimum two-year post-vesting holding period.

Conditional awards to executive directors and PDMRs have been made as follows:

Executive Director/ PDMR	Maximum number of Shares conditionally awarded in respect of 2017 LTIP	Maximum number of conditionally awarded Shares outstanding at the date of this announcement
Alan Aubrey	857,142	1,646,206
Mike Townend	378,571	805,714
Greg Smith	378,571	774,783
David Baynes1	378,571	1,251,714
Sam Williams	191,416	421,784
Peter Grant1	191,416	864,621
Angela Leach	96,665	290,554
Alison Fielding	96,266	240,200

1 includes 446,000 shares each, as awarded under the Former Fusion IP LTIP

The number of Ordinary Shares stated is the maximum number that could be issued to each executive director or PDMR upon full satisfaction of the performance conditions attaching to the awards.

As at the date of this announcement, a total of 10,359,956 Shares conditionally awarded to executive directors, PDMRs and employees of IP Group remain outstanding and subject to performance conditions, including 1,338,000 under the Former Fusion IP LTIP.

The Company currently has 699,069,463 Ordinary 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.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alan Aubrey

Mike Townend

Greg Smith

David Baynes

Sam Williams

Peter Grant

Angela Leach

Alison Fielding

2

Reason for the notification

a)

Position/status

Director        Chief Executive Officer

Director        Chief Investment Officer

Director        Chief Financial Officer

Director         Chief Operating Officer

PDMR           Head, Biotech

PDMR            Managing Director, New Business & Partnerships

PDMR          General Counsel & Company Secretary

PDMR          Director, IP Impact

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

Grant of Options under the IP Group plc Long-Term Incentive Plan ("LTIP")

c)

Currency

GBP

d)

Price(s) and volume(s)

Name(s)	Price(s)	Volume(s)
Alan Aubrey	Nil cost option	857,142
Mike Townend	Nil cost option	378,571
Greg Smith	Nil cost option	378,571
David Baynes	Nil cost option	378,571
Sam Williams	Nil cost option	191,416
Peter Grant	Nil cost option	191,416
Angela Leach	Nil cost option	96,665
Alison Fielding	Nil cost option	96,266

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

Aggregated Number Of Shares Granted Under The LTIP to Directors and PDMRs on 29 August 2017: 2,568,618

Price: £ nil

f)

Date of the transaction

29 August 2017

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
Martha Walsh	+44 (0) 7876 245962

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 approximately 100 early-stage to mature businesses across four main sectors -- Biotech, Cleantech, Healthcare and Technology. The Company 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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