IP Group plc (LSE: IPO), the developer of intellectual property based businesses, today issues its Interim Management Statement in accordance with FCA Disclosure and Transparency Rule 4.3.
This statement provides an update on the Group’s progress for the period from 30 June 2013 to date.
Alan Aubrey, Chief Executive of IP Group, said:
“There has been significant progress since the half year results with the Group completing a strategic investment in Cambridge Innovation Capital as well as signing a Memorandum of Understanding to share information on investment and co-investment opportunities in the Cambridge Cluster. In the portfolio, Oxford Nanopore announced that it will open registration for its ‘MinION Access Programme’ and that it had completed a £40m fundraising, while Applied Graphene Materials plc has announced its intention to float on AIM. This progress, combined with an excellent pipeline of opportunities and activity, reinforces our confidence in delivering significant shareholder value.”