IP Group PLC Share Capital Reduction Effective (2246X)
17 Dicembre 2019 - 5:50PM
UK Regulatory
TIDMIPO
RNS Number : 2246X
IP Group PLC
17 December 2019
IP Group plc
('IP Group' or 'the Group' or 'the Company')
Share Capital Reduction Effective
IP Group (LSE:IPO), the developer of intellectual property-based
businesses, announces that further to its announcements of 8
November and 25 November 2019, the High Court of England and Wales
sanctioned the Company's application for its Capital Reduction on
17 December 2019.
The order of the High Court confirming the Capital Reduction and
the statement of capital approved by the High Court in connection
therewith were registered by the Registrar of Companies on 17
December 2019, whereupon the Capital Reduction became
effective.
The Company confirms that, following the Capital Reduction, the
issued share capital of the Company comprises 1,059,144,595
ordinary shares of 2p each; there are no shares held in treasury.
The total number of voting rights in the Company is therefore
1,059,144,595.
Terms used but not defined in this announcement are as defined
in the Company's announcement of 8 November 2019.
For further information please contact:
IP Group plc +44 (0) 20 7444 0050
Alan Aubrey, Chief Executive Officer
Greg Smith, Chief Financial Officer
Liz Vaughan-Adams, Communications +44 (0) 20 7444 0062
+44 (0) 7979 853802
Charlotte Street Partners
Andrew Wilson +44 (0) 7810 636995
David Gaffney +44 (0) 7854 609998
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
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END
MSCQDLFFKLFZFBD
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December 17, 2019 11:50 ET (16:50 GMT)
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