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By LSE RNS

RNS Number : 8446N
IP Group PLC
11 August 2017
 

FOR RELEASE ON

 

IP Group plc -SAYE scheme

 

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property-based businesses, announces the following grants of options over the Company's Ordinary Shares of 2p each, under its Save As You Earn ("SAYE") Sharesave Plan, to Directors and PDMRs of the Company, as detailed below.

 

 Name

Plan duration

Number of options granted

Directors

David Baynes

3 years

9,473

Greg Smith

3 years

12,631

PDMRs

Angela Leach

3 years

9,473

Sam Williams

3 years

15,789

 

In addition to the above, options over a total of 358,557 Shares were granted to certain other employees of the Group under the Sharesave Plan.

All of the above SAYE options have been granted on 11 August 2017 at an exercise price of 114p per share, with the SAYE contracts commencing on 1 October 2017. The exercise price was set in accordance with HM Revenue & Customs rules for Sharesave plans.

Permitted exercise periods are for a period of six months from the end of the plan period, ordinarily 1 October 2020 for the 3 year plan and 1 October 2022 for the 5 year plan.

The Company currently has 698,513,036 Ordinary Shares in issue. 

For more information, please contact:

 

IP Group plc

www.ipgroupplc.com

Angela Leach, Company Secretary
Liz Vaughan-Adams, Communications           

+44 (0) 20 7444 0050

+44 (0) 20 7444 0062/+44 (0) 7979 853802

 

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 subsidiary IP Capital), 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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