Director/PDMR Shareholding
IP Group plc announced on August 7, 2026, the grant of conditional share awards to executive directors and other employees, totaling 332,174 deferred bonus awards and 2,706,974 restricted share awards. These awards, granted on August 5, 2026, relate to the deferral of 2025 annual bonuses and long-term remuneration for 2026 and future years, with vesting schedules extending to March 2027, March 2028, and March 2029, contingent on continued employment and performance criteria. The company had 883,427,642 shares in issue as of August 5, 2026.
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| FOR RELEASE ON | 7 August 2026 |
IP Group plc - Employee Share Schemes; Director/PDMR shareholding
IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), which invests in breakthrough science and technology companies with the potential to create a better future for all, announces the following in connection with its employee share schemes.
The Company has granted conditional share awards to the Group's executive directors, one other PDMR and selected other employees relating to the deferral of annual bonuses from the 2025 financial year and the grant of the 2026 Restricted Share Plan awards.
The Company was unable to make the awards in the usual window following the publication of its 2025 Annual Report and Accounts due to discussions with Railpen regarding a possible offer for the company at that time. Following the cessation of that restriction, the awards were granted on 5 August 2026 and consist of the following:
Deferral of annual bonuses relating to 2025 financial year
The below information relates to the deferral of a proportion of annual bonuses for the 2025 financial year until 2027 and 2028, in line with the Group's remuneration policy.
Deferred Bonus Awards
On 5 August 2026, IP Group granted conditional share awards over Shares to the Group's executive directors and one other PDMR under the IP Group Share Plan ("Share Plan"). The grants reflect the deferral of fifty per cent of each person's award above £25,000 under the Group's Annual Incentive Scheme in respect of the Group's performance for the financial year ended 31 December 2025. The following table sets out details of the relevant awards:
| Name of Director/PDMR | Structure of award | Number of awards granted | Total number of awards currently held |
|---|---|---|---|
| Greg Smith | Conditional Share Award | 160,858 | 246,511 |
| David Baynes | Conditional Share Award | 104,456 | 158,674 |
| Mark Reilly | Conditional Share Award | 66,860 | 133,866 |
| Total | 332,174 | 539,051 |
Awards over a further 1,152,736 Shares were made to certain other of the Group's employees. As at the date of this announcement, a total of 2,303,972 Deferred Bonus awards over Shares remain outstanding under the Share Plan.
No consideration was paid for the grant of the awards and no consideration is due upon their release. Fifty per cent of the Deferred Bonus awards will be released on 31 March 2027 and fifty per cent on 31 March 2028, with each release generally subject to continued employment.
Long-term remuneration relating to 2026 and future financial years
The below information relates to long-term restricted share awards for the 2026 financial year and beyond, in line with the Group's remuneration policy.
Restricted Share Awards
On 5 August 2026, IP Group made restricted share awards under the Share Plan ("Restricted Share Awards") of 2,706,974 Shares to the Group's executive directors and one other PDMR.
Vesting of these Restricted Share Awards will take place over a three-year period commencing on 1 April 2026 and ending on 31 March 2029 (the "Vesting Period"), at which time the Remuneration Committee will determine the proportion of the award which will vest. This decision will be based on an assessment of performance against both a financial underpin based on adjusted NAV growth over the period of three financial years ending on 31 December 2028 and other qualitative performance measures (together the "Underpin Criteria").
The Restricted Share Awards made to the executive directors and one other PDMR are set out in the table below, and Restricted Share Awards over a further 2,841,014 Shares have been made to other Group employees. The number of Shares stated is the maximum number that could vest at the end of the Vesting Period for each executive director and PDMR. If the Committee considers that any of the Underpin Criteria is not met as part of its review at the end of the Vesting Period or there is otherwise reason to adjust the awards in accordance with the rules of the Share Plan, it will then consider whether it is appropriate to scale back the number of shares that vest.
The number of Restricted Share Awards made was calculated using the closing price on 4 August 2026 of 67.2p.
Subject to the Remuneration Committee's review of performance against the Underpin Criteria, the Restricted Share Awards will ordinarily vest on or around 31 March 2029. Any Restricted Share Awards which vest will ordinarily be subject to a post-vesting holding period of two years. Shares will be issued in connection with any vested Restricted Share Awards at the end of this holding period.
A copy of the Share Plan can be found at:
Shares in issue
As at 5 August 2026, the Company had 883,427,642 Shares in issue and no Shares held in treasury.
The following information is being disclosed pursuant to the requirements of MAR.
DBA Awards
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Greg Smith David Baynes Mark Reilly |
| 2 | Reason for the notification | |
| a) | Position/status | Director Chief Executive Officer Director Chief Operating and Financial Officer PDMR Managing Partner |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | IP Group plc |
| b) | Legal Entity Identifier | 213800HG22UM138WFG43 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 |
| b) | Nature of the transaction | Grant of conditional share awards under the IP Group plc Share Plan (DBA) |
| c) | Currency | GBP |
| d) | Price(s) and volume(s) | Name(s) Price(s) Volume(s) Greg Smith Nil 160,858 David Baynes Nil 104,456 Mark Reilly Nil 66,860 |
| e) | Aggregated information -Aggregated volume - Price - Aggregated total | Aggregated Number of Shares conditionally awarded to PDMRs on 5 August 2026: Price: £ nil 332,174 |
| f) | Date of the transaction | 5 August 2026 |
| g) | Place of the transaction | Outside a trading venue |
| RSP Awards | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Greg Smith David Baynes Mark Reilly |
| 2 | Reason for the notification | |
| a) | Position/status | Director Chief Executive Officer Director Chief Operating and Financial Officer PDMR Managing Partner |
| Initial notification /Amendment | Initial Notification | |
| a) | Name | IP Group plc |
| b) | Legal Entity Identifier | 213800HG22UM138WFG43 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 2p each in IP Group plc ISIN: GB00B128J450 |
| b) | Nature of the transaction | Conditional award of Shares under the IP Group Share plan (RSP) |
| c) | Currency | GBP |
| d) | Price(s) and volume(s) | Name(s) Price(s) Volume(s) Greg Smith Nil 1,690,476 David Baynes Nil 773,790 Mark Reilly Nil 242,708 |
| e) | Aggregated information -Aggregated volume - Price - Aggregated total | Aggregated Number of Shares conditionally awarded to PDMRs on 5 August 2026: Price: £ nil 2,706,974 |
| f) | Date of the transaction | 5 August 2026 |
| g) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.