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IP Group PLC (IPO.L)

IPO.L on London Stock Exchange

127.50GBp
22 Sep 2017
Change (% chg)

1.00 (+0.79%)
Prev Close
126.50
Open
127.00
Day's High
128.50
Day's Low
121.10
Volume
433,334
Avg. Vol
534,265
52-wk High
200.50
52-wk Low
109.10

Latest Key Developments (Source: Significant Developments)

UK'S CMA says considering IP Group-Touchstone Innovations deal
Tuesday, 29 Aug 2017 06:14am EDT 

Aug 29 (Reuters) - Competition and Markets Authority:UK'S CMA SAYS CONSIDERING WHETHER OR NOT THAT ANTICIPATED ACQUISITION BY IP GROUP OF TOUCHSTONE INNOVATIONS WILL RESULT IN CREATION OF RELEVANT MERGER SITUATION.  Full Article

IP Group updates on offer for Touchstone, capital raising
Friday, 25 Aug 2017 05:20am EDT 

Aug 25 (Reuters) - IP Group Plc :UPDATE ON OFFER FOR TOUCHSTONE AND CAPITAL RAISING.PROPOSED TRANSACTION IN FINAL STAGES OF PRE-NOTIFICATION PROCESS WITH CMA FOLLOWING WHICH FORMAL 40 BUSINESS DAY PHASE 1 REVIEW PERIOD BY CMA SHALL COMMENCE; ANTICIPATED TO OCCUR SHORTLY.‍OFFER TIMETABLE HAS BEEN FROZEN TO ALLOW FOR PRE-NOTIFICATION PROCESS TO BE CONCLUDED, FORMAL NOTIFICATION TO TAKE PLACE​.  Full Article

IP Group says Istesso has started Phase 2a trial for rheumatoid arthritis drug
Tuesday, 22 Aug 2017 02:18am EDT 

Aug 22 (Reuters) - IP Group Plc :Istesso commences phase 2a for mbs2320 in rheumatoid arthritis and expands research and development collaboration with Janssen.Istesso has announced the successful dosing of the first patients in a Phase 2a study of its investigational drug, MBS2320, for the treatment of rheumatoid arthritis .The progression to Phase 2a follows the successful completion of dosing in a Phase 1 study and is accompanied by an expansion of the financial terms of Istesso's 2014 Option and Licence Agreement with Janssen Biotech, Inc. ("Janssen")..MBS2320 is a first-in-class metabolic reprogramming agent for the treatment of RA and is distinguished from existing treatments by its dual mode-of-action that not only reduces inflammation but may also promote bone and joint remodelling..Istesso is a majority-owned subsidiary of the Group and its results are consolidated into those of the Group rather than being included as a portfolio company held at fair value..  Full Article

IP Group says Chinese investor blocked from taking stake in company
Thursday, 17 Aug 2017 02:06am EDT 

Aug 17 (Reuters) - Ip Group Plc :IP Group has received confirmation from China's Beijing Galaxy World Group that they have not received necessary approvals to make investment in IP.Says no change to Touchstone offer exchange ratio.  Full Article

IP Group plc announces offer for Touchstone Innovations plc
Tuesday, 20 Jun 2017 09:00am EDT 

June 20 (Reuters) - IP Group Plc ::Says offer for Touchstone Innovations plc by IP Group plc.Offer values each Touchstone share at 289 pence and Touchstone's existing issued ordinary share capital at about 466 mln stg ."We remain open to engagement with Touchstone board at any point regarding our offer" - IP Group ceo.  Full Article

Beijing Galaxy World Group announces $30 mln investment in IP Group
Tuesday, 13 Jun 2017 07:28am EDT 

June 13 (Reuters) - ip Group Plc -:Beijing Galaxy World Group - announced a us$ 30 million strategic investment in ip group.  Full Article

IP Group says raised 207 mln stg via placing
Thursday, 8 Jun 2017 02:00am EDT 

June 8 (Reuters) - IP Group Plc ::‍Result of capital raising, total gross proceeds of £207.0m​.  Full Article

IP Group receives possible offer from Invesco Asset Management, Lansdowne
Tuesday, 23 May 2017 07:05am EDT 

May 23 (Reuters) - Ip Group Plc :Update on possible offer.Received irrevocable undertakings from Invesco Asset Management, Lansdowne Developed Markets Master Fund.Irrevocable undertakings in connection with possible offer and a letter of intent from lansdowne in connection with possible offer.Received irrevocable undertakings in support of possible offer from touchstone shareholders representing 74.3% of touchstone's issued share capital.Got non-binding letter of intent from Lansdowne in favour of co representing about 12.8% of share capital of Touchstone in issue on 31 Jan.  Full Article

Touchstone could not reach agreement over potential deal with IP
Tuesday, 23 May 2017 05:33am EDT 

May 23 (Reuters) - Touchstone Innovations Plc :Statement re possible offer.Notes announcement of IP Group and confirms that touchstone was approached by IP Group regarding a potential combination.An agreement on terms and governance could not be agreed prior to capital raise announced today by IP Group.Any recommended proposal would need to reflect best interests of touchstone and its shareholders as a whole.  Full Article

IP Group to raise proceeds of up to 200 mln stg via placing
Tuesday, 23 May 2017 02:01am EDT 

May 23 (Reuters) - IP Group Plc :Intends to raise gross proceeds of up to approximately 200 million stg (approximately 195.7 million stg net of capital raising costs and expenses).Firm placing and a placing, open offer and offer for subscription, consisting of issue of up to 142,857,136 capital raising shares.Firm placing and a placing, open offer and offer for subscription at an issue price of 140 pence per capital raising share.Board has ability to increase size of issue by up to 66.6 million stg.Is launching IP group Australia, a wholly-owned private company incorporated in state of Victoria, Australia.Recently made an approach to touchstone board regarding a possible all- share combination of company and touchstone innovations.  Full Article

BRIEF-IP Group's Istesso announces positive outcome from P1 study

* ISTESSO ANNOUNCES POSITIVE OUTCOME FROM P1 STUDY Source text for Eikon: Further company coverage: