Last checked at 27 Jun 2014 17:06
FOR RELEASE ON | 27 June 2014 |
IP Group plc - SAYE scheme
IP Group plc (LSE: IPO) ("IP Group" or the "Group" or "the Company"), the developer of intellectual property based businesses, announces the following grants of options over the Company's Ordinary Shares of 2p each ("Shares"), under its Save As you Earn ("SAYE") 2014 Option Scheme, to Directors and PDMRs of the Company, as detailed below.
Name | Scheme Duration | Number of Options granted |
Directors | ||
David Baynes | 3 years | 4,975 |
Greg Smith | 3 years | 4,105 |
PDMRs | ||
Angela Leach | 3 years | 8,707 |
In addition to the above, options over a total of 107,800 Shares were granted to certain other of the Group's employees in connection with the SAYE 2014 Option Scheme.
All of the above SAYE options have been granted on 27 June 2014 at an exercise price of 144.7p per share, with the SAYE contracts commencing on 01 August 2014. 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 running from 01 August 2017 to 01 February 2018 for the 3 year scheme, and from 01 August 2019 to 01 February 2020 for the 5 year scheme.
The Company currently has 479,524,397 Ordinary Shares in issue.
For more information, please contact:
IP Group plc | www.ipgroupplc.com |
Angela Leach, Company Secretary | +44 (0) 20 7444 0050 |
Liz Vaughan-Adams, Communications | +44 (0) 20 7444 0062 / +44 (0) 7979 853 802 liz.vadams@ipgroupplc.com |
Notes for editors
About IP Group
IP Group is a leading UK intellectual property ("IP") commercialisation company, developing technology innovations primarily from its research intensive partner universities. The Group offers more than traditional venture capital, providing its companies with access to business building expertise, networks, recruitment and business support.
The Company's portfolio comprises holdings in over 90 companies including Oxford Nanopore Technologies, the DNA sequencing development company, Revolymer, best known for its removable chewing gum and Xeros, which has received many accolades for its revolutionary clothes washing techniques with a much reduced requirement for water.
The portfolio includes early stage to mature businesses and has exposure to five main sectors - Energy & Renewables, Healthcare, Biotech, IT & Communications and Chemicals & Materials.
For more information, please visit our website at www.ipgroupplc.com.
ENDS