IP Group PLC - OPD
IP Group plc has disclosed its public opening position as the offeree in relation to its own securities as of July 1, 2026. The company reported no direct interests or short positions in its ordinary shares, nor any rights to subscribe for new securities. However, the disclosure includes significant holdings by directors, with Gregory Smith holding 1,069,397 ordinary shares and David Baynes holding 806,403 ordinary shares, alongside various conditional share awards and save-as-you-earn scheme holdings for these directors and others. There are no disclosed indemnity, option arrangements, or agreements relating to options or derivatives.
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Rules 8.1 and 8.2 of the Takeover Code (the "Code")
KEY INFORMATION
| (a) Full name of discloser: | IP Group plc |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | IP Group plc |
| (d) Is the discloser the offeror or the offeree? | Offeree |
| (e) Date position held: The latest practicable date prior to the disclosure | 1 July 2026 |
POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
| Class of relevant security: | Ordinary Shares of 2p each | |||
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | NIL | NIL | NIL | NIL |
| (2) Cash-settled derivatives: | NIL | NIL | NIL | NIL |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | NIL | NIL | NIL | NIL |
| TOTAL: | NIL | NIL | NIL | NIL |
All interests and all short positions should be disclosed.
Rights to subscribe for new securities
| Class of relevant security in relation to which subscription right exists: | None |
| Details, including nature of the rights concerned and relevant percentages: | None |
- POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
- The following directors (including their close relatives and related trusts) have interests in the following securities in IP Group plc: Name of Director Number of IP Group plc ordinary shares of 2p each Percentage of total issued IP Group plc ordinary share capital Gregory Smith 1,069,397 0.121% David Baynes 806,403 0.091% Aedhmar Hynes 21,000 0.002% Heejae Chae 32,712 0.004% (b) The following directors have interests in securities in IP Group plc pursuant to conditional share awards granted as Deferred Bonus Awards (DBAs) under the rules of the IP Group plc Share Plan: Name of Director Number of Share Awards Held Grant Date Vesting Date Exercise Price Gregory Smith 85,653 29 April 2025 31 March 2027 N/A David Baynes 54,218 29 April 2025 31 March 2027 N/A (c) The following directors have interests in securities in IP Group plc pursuant to conditional share awards granted as Restricted Share Awards (RSPs) under the rules of the IP Group plc Share Plan: Name of Director Number of Share Awards held Grant Date Vesting/Lapse Date Exercise Price Gregory Smith 1,390,745 14 April 2023 31 March 2026 N/A 2,301,369 23 April 2024 31 March 2027 N/A 2,510,344 29 April 2025 31 March 2028 N/A David Baynes 635,753 14 April 2023 31 March 2026 N/A 1,052,028 23 April 2024 31 March 2027 N/A 1,147,557 29 April 2025 31 March 2028 N/A (d) The following directors have interests in securities in IP Group plc pursuant to IP Group plc's save-as-you-earn share save scheme (SAYE): Name of Director Number of Share Awards Held Grant Date Vesting Date Expiry Date Exercise Price (pence) Gregory Smith 39,586 1 November 2023 1 November 2026 1 May 2027 58.56
- OTHER INFORMATION
- Indemnity and other dealing arrangements
None
- Agreements, arrangements or understandings relating to options or derivatives
None
Attachments
Are any Supplemental Forms attached?
| Supplemental Form 8 (Open Positions) | NO |
| Supplemental Form 8 (SBL) | NO |
| Date of disclosure: | 2 July 2026 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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