IP Group PLC — Remuneration Information 2018

Apr 16, 2018

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RNS Number : 0904L

IP Group PLC

16 April 2018

FOR RELEASE ON	# 16 April 2018

IP Group plc - Issue of equity and awards under DBSP

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.

Deferred Bonus Share Plan ("DBSP")

The Group has issued 241,145 new ordinary shares of 2p each ("Shares") following the exercise of nil-cost DBSP options by certain employees on 12 April 2018. One of the Group's persons discharging managerial responsibilities ("PDMRs"), Mark Reilly, has exercised his options and sold sufficient shares to meet his tax liabilities and has retained the balance.

An application has been made to the Financial Conduct Authority for admission of the New Shares to the premium listing segment of the Official List maintained by the UK Listing Authority and to the London Stock Exchange. It is expected that admission will take place on 20 April 2018.

The Group also announces that on 12 April 2018, awards over Ordinary Shares were made to certain Executive Directors, PDMRs and certain other employees under the Company's DBSP. The awards reflect the deferral of fifty per cent. of each person's award above £25,000 under the Group's Annual Incentive Scheme ("AIS") in respect of the Company's performance for the financial year ended 31 December 2017. The following table sets out details of the awards made to the Executive Directors and PDMRs: 

Name of Director/PDMR	Structure of award	Number of Shares awarded under the DBSP	Total number of Shares held under the DBSP
Alan Aubrey	Nil-Cost Option	79,641	122,351
David Baynes	Nil-Cost Option	49,472	75,453
Mike Townend	Nil-Cost Option	49,472	75,453
Greg Smith	Nil-Cost Option	49,472	72,109
Sam Williams	Nil-Cost Option	31,280	54,504
Mark Reilly	Nil-Cost Option	7,011	7,011

In addition to the above, awards over a total of 88,453 shares were made to certain other of the Group's employees.

No consideration was paid for the grant of the awards and no consideration is due on the maturity of the awards. Fifty per cent. of the awards will normally be exercisable on the first anniversary of the date of grant and fifty per cent. on the second anniversary of the date of grant, each generally subject to continued employment. The awards shall be exercisable for a maximum of three years from the date of grant.

Shares in issue

Following admission of the new Shares, the Company will have 1,059,144,595 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

Mark Reilly

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          Managing Partner, Life Sciences

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

Grant of Options under the IP Group plc DBSP

c)

Currency

GBP

d)

Price(s) and volume(s)

Name(s)	Price(s)	Volume(s)
Alan Aubrey	Nil cost option	79,641
Mike Townend	Nil cost option	49,472
Greg Smith	Nil cost option	49,472
David Baynes	Nil cost option	49,472
Sam Williams	Nil cost option	31,280
Mark Reilly	Nil cost option	7,011

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

Aggregated Number of Shares Granted Under the DBSP to Directors and PDMRs on 12 April 2018: 266,348

Price: £ nil

f)

Date of the transaction

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 2016 DBSP Awards

c)

Currency

GBP

d)

Price(s) and volume(s)

Name(s)	Price(s)	Volume(s)
Mark Reilly	Nil cost option

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

8,862 shares

127p

£11,254.74

f)

Date of the transaction

12 April 2018

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	127p

e)

Aggregated information

-Aggregated volume

- Price

- Aggregated total

4,184 shares

127p

£5,313.68

f)

Date of the transaction

12 April 2018

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 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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