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IP Group PLC (IPO.L)

IPO.L on London Stock Exchange

140.00GBp
23 Nov 2017
Change (% chg)

1.00 (+0.72%)
Prev Close
139.00
Open
138.50
Day's High
141.20
Day's Low
138.00
Volume
474,613
Avg. Vol
520,785
52-wk High
200.50
52-wk Low
109.10

Latest Key Developments (Source: Significant Developments)

IP Group says expects admission of new shares to take place on 7 Nov 2017​
Monday, 6 Nov 2017 10:50am EST 

Nov 6 (Reuters) - IP GROUP PLC ::‍APPLICATION HAS BEEN MADE TO FINANCIAL CONDUCT AUTHORITY FOR ADMISSION OF 4,678,066 NEW SHARES.‍EXPECTS THAT ADMISSION OF NEW SHARES WILL TAKE PLACE ON 7 NOVEMBER 2017​.  Full Article

IP Group ‍welcomes Touchstone Innovations' recommendation to shareholders to accept offer​
Wednesday, 18 Oct 2017 05:30am EDT 

Oct 18 (Reuters) - IP GROUP PLC ::‍WELCOMES ANNOUNCEMENT MADE BY TOUCHSTONE INNOVATIONS PLC RECOMMENDING THAT TOUCHSTONE SHAREHOLDERS ACCEPT OFFER​.‍DAVID BEGG HAS JOINED BOARD OF DIRECTORS OF COMBINED GROUP AS A NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT​.  Full Article

IP Group says Touchstone Innovations offer now unconditional
Wednesday, 18 Oct 2017 02:00am EDT 

Oct 18 (Reuters) - IP Group Plc ::IP GROUP PLC - ‍ACCEPTANCES IN EXCESS OF 96%; ACCEPTANCE CONDITION SATISFIED IN TOUCHSTONE INNOVATIONS DEAL​.IP GROUP PLC - OFFER NOW UNCONDITIONAL IN ALL RESPECTS​ IN TOUCHSTONE INNOVATIONS DEAL.  Full Article

UK's CMA not to refer IP Group, Touchstone Innovations deal to phase II probe
Tuesday, 17 Oct 2017 02:30am EDT 

Oct 17 (Reuters) - UK's Competition and Markets Authority::UK'S CMA - ‍ DECIDED NOT TO REFER IP GROUP, TOUCHSTONE INNOVATIONS DEAL TO PHASE 2 INVESTIGATION.  Full Article

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

BRIEF-IP Group ‍welcomes Touchstone Innovations' recommendation to shareholders to accept offer​

* ‍WELCOMES ANNOUNCEMENT MADE BY TOUCHSTONE INNOVATIONS PLC RECOMMENDING THAT TOUCHSTONE SHAREHOLDERS ACCEPT OFFER​