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
Greg Smith, Chief Financial Officer
+44 (0) 20 7444 0050
Charlotte Street Partners
+44 (0) 7810 636995
+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.