US

IP Group plc- Portfolio company Actual Experience commences trading on AIM

13 Feb 2014

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property based businesses, is pleased to note that shares in portfolio company Actual Experience plc ("Actual Experience" or "the Company") were admitted to trading on the AIM Market of the London Stock Exchange this morning.

Actual Experience plc (AIM: ACT), a spin-out from Queen Mary, University of London, is an 'analytics as a service company'. Its technology enables the measurement of the digital world as users experience it, enabling customers to measure and improve the performance of the business applications that they provide to their staff and their own clients, reducing costs while improving the experience of the user.

The total number of Ordinary Shares in Actual Experience in issue at Admission will be 28,619,450 giving the Company a market capitalisation of approximately £15.6m based on an introduction price of 54.5 pence. IP Group has a holding of 8,553,750 Ordinary Shares in Actual Experience, representing an undiluted beneficial stake of 29.9% valued at £4.7m at the introduction price.

Founded in 2009, Actual Experience has already acquired an impressive list of blue-chip customers including Accenture (UK) Limited, Cisco Systems Inc., Deutsche Post AG, and Verizon Business, Inc.

It is hoped that the Introduction will raise the profile of the Company, better position the Company to attract, recruit and retain key employees, provide the Company with greater flexibility for future growth and increase access to capital should further finance be required to expand the business.

For more information, please contact: 

IP Group plc

www.ipgroupplc.com

Alan Aubrey, Chief Executive Officer            

+44 (0) 20 7444 0050

Liz Vaughan-Adams, Communications   

+44 (0) 20 7444 0062 / +44 (0) 7979 853 802

liz.vadams@ipgroupplc.com

FTI Consulting

John Dineen, James Melville-Ross

+44 (0) 20 7831 3113

Notes for editors

About IP Group

IP Group is a leading UK intellectual property ("IP") commercialisation company, developing technology innovations primarily from its research intensive partner universities. The Group offers more than traditional venture capital, providing its companies with access to business building expertise, networks, recruitment and business support.

The Company's portfolio comprises holdings in over 70 companies including Oxford Nanopore Technologies, the DNA sequencing development company, Revolymer, best known for its removable chewing gum and Xeros, which has received many accolades for its revolutionary clothes washing techniques with a much reduced requirement for water.

The portfolio includes early stage to mature businesses and has exposure to five main sectors - Energy & Renewables, Medical Equipment & Supplies, Pharma & Biotech, IT & Communications and Chemicals & Materials.

For more information, please visit our website at www.ipgroupplc.com.