IP Group PLC IP Group plc - Issue of Equity (9910J)
April 05 2018 - 8:12AM
UK Regulatory
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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