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IP Group PLC Major Shareholding Notification 2026
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Major Shareholding Notification
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National Storage Mechanism | Additional information 
RNS Number : 8554K
IP Group PLC
02 July 2026
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
| (a) Full name of discloser: | IP Group plc |
| (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
N/A |
| (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 |
| (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" |
N/A |
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
| 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.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) 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 |
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:
(a) 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 |
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
| Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
| None |
(b) Agreements, arrangements or understandings relating to options or derivatives
| Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
| None |
(c) Attachments
Are any Supplemental Forms attached?
| Supplemental Form 8 (Open Positions) | NO |
| Supplemental Form 8 (SBL) | NO |
| ###### Date of disclosure: | 2 July 2026 |
| ###### Contact name: | Angela Leach |
| ###### Telephone number: | +44 (0) 207 444 0050 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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