Discover How IP Group Employs Buyback Initiative to Boost Shareholder Value

IP Group plc, the highly regarded company listed on the FTSE 250, has announced that it has bought back a significant number of its own shares. This move forms part of the company’s buyback programme, an initiative deemed to bolster shareholder value and enhance the attractiveness of the Group’s shares to potential buyers.

Numis Securities Limited, trading as Deutsche Numis, purchased the shares on behalf of the IP Group plc on the London Stock Exchange. The repurchased ordinary shares were bought at prices ranging from 39.85p to 40.3p. A detailed breakdown of the transactions reveals that Deutsche Numis purchased a total of 580,987 ordinary shares on the IP Group’s behalf.

IP Group plc has set a precedent for commercial excellence since its debut on the LSE. With this strategic share buyback programme, IP Group continues to underline its commitment to promoting shareholder interest and value. Notably, the Group will continue to make public any future purchases made as part of their buyback programme.

In line with the EU’s Market Abuse Regulation, the Group has provided detailed information in relation to the transactions made by Deutsche Numis as part of the Buyback Programme. This transparency strengthens the trust that stakeholders have in the company, further enhancing its reputation in the trading community.