TIDMIPO

RNS Number : 9910J

IP Group PLC

05 April 2018

 
   5 April 2018

IP Group plc - Issue of Equity

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property-based businesses, announces that it has issued 1,519,849 new ordinary shares of 2p each (the "New Shares") to satisfy a proportion of the deferred consideration which has become due in respect of the acquisition of Parkwalk Advisors Ltd.

An application has therefore 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 10 April 2018. Following the issue of New Shares, the Company will have 1,058,903,450 ordinary shares in issue.

For more information, please contact:

 
 IP Group plc                          www.ipgroupplc.com 
 Greg Smith, Chief Financial           +44 (0) 20 7444 0050 
  Officer                               +44 (0) 20 7444 0062/+44 
  Liz Vaughan-Adams, Communications     (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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April 05, 2018 08:12 ET (12:12 GMT)

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