By Sheri Kasprzak
New York, May 12 - IP Group plc has settled a £16,835,395 private placement with a group of institutional investors.
The investors purchased 11,452,650 shares at 147p each.
Lehman Brothers International (Europe) and KBC Peel Hunt Ltd. were the placement agents.
The proceeds will be used for long-term partnership with research universities.
London-based IP Group is an intellectual property company focused on partnerships with research universities in the United Kingdom.
| Issuer: | IP Group plc
|
| Issue: | Stock
|
| Amount: | £16,835,395
|
| Shares: | 11,452,650
|
| Price: | 147p
|
| Warrants: | No
|
| Placement agents: | Lehman Brothers International (Europe) and KBC Peel Hunt Ltd.
|
| Settlement date: | May 12
|
| Stock symbol: | London: IPO
|
| Stock price: | 151p at close May 11
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
