IP Group PLC Director/PDMR Shareholding (7334N)
11 May 2018 - 4:00PM
UK Regulatory
TIDMIPO
RNS Number : 7334N
IP Group PLC
10 May 2018
FOR RELEASE ON 10 May 2018
Re-issuing to correct the maximum number of conditionally
awarded Shares outstanding for David Baynes.
IP Group plc - LTIP
IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the
Company"), the developer of intellectual property-based businesses,
announces that it has made conditional awards of 5,025,302 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").
The performance measures attaching to the 2018 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 is
134.5p, being the one-month average closing price up to the date of
grant. The starting point for the Hard NAV performance measure is
the Group's audited Hard NAV at 31 December 2017 of GBP1,326.2m.
The number of Shares conditionally awarded was calculated using the
closing price on 9 May 2018 of 139.2p.
Assuming satisfaction of the conditions in full, the awards will
ordinarily vest on or after 31 March 2021 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 over 2,539,512 Shares have been made to the
executive directors and other PDMRs, as set out in the table below,
with awards over a further 2,485,790 to other of the Group's
employees.
Executive Director/PDMR Maximum number of Shares Maximum number of conditionally awarded Shares
conditionally awarded in respect outstanding at the date of this announcement
of 2018 LTIP
Alan Aubrey 894,397 2,415,852
David Baynes 395,115 1,101,028
Mike Townend 395,115 1,101,028
Greg Smith 395,115 1,080,489
Sam Williams 395,115 725,170
Mark Reilly 64,655 163,736
The number of 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 12,651,184
Shares conditionally awarded to executive directors, other PDMRs
and employees of IP Group remain outstanding under the IP Group
LTIP and subject to performance conditions.
The Company currently has 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 Ordinary Shares of 2p each in IP Group plc
instrument
Identification code ISIN: GB00B128J450
b) Nature of the transaction Grant of Options under the IP Group plc LTIP
c) Currency GBP
d) Price(s) and volume(s) Name(s) Price(s) Volume(s)
Alan Aubrey Nil 894,397
Mike Townend Nil 395,115
Greg Smith Nil 395,115
David Baynes Nil 395,115
Sam Williams Nil 395,115
Mark Reilly Nil 64,655
e) Aggregated information
-Aggregated volume Aggregated Number of Shares Granted Under the LTIP to
- Price Directors and PDMRs on 9 May 2018: 2,539,512
- Aggregated total Price: GBP nil
f) Date of the transaction 9 May 2018.
g) Place of the transaction London Stock Exchange, Main Market
For more information, please contact:
IP Group plc www.ipgroupplc.com
+44 (0) 20 7444 0050
Alan Aubrey, Chief Executive Officer
Greg Smith, Chief Financial Officer +44 (0) 20 7444 0062/+44 (0)
Liz Vaughan-Adams, Communications 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
DSHGGUBPAUPRGMU
(END) Dow Jones Newswires
May 11, 2018 02:00 ET (06:00 GMT)
Ip (LSE:IPO)
Historical Stock Chart
From Apr 2024 to May 2024
Ip (LSE:IPO)
Historical Stock Chart
From May 2023 to May 2024