Business
Offer Update; Appointment of Prof. David Begg
Offer Update; Appointment of Prof. David Begg.
About this update from Ip Group Plc
[{"type":"text","content":"\n \nRNS Number : 9431T IP Group PLC 18 October 2017 \n\nTHIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \nTHIS ANNOUNCEMENT CONSTITUTES INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO.596/2014.\nFOR IMMEDIATE RELEASE\n18 October 2017\n \nAppointment of Professor David Begg to the board of IP Group plc\n \nUpdate on Offer by IP Group plc for Touchstone Innovations plc\n\n \n1. Response to statement by Touchstone\nIP Group plc (\"IP Group\") welcomes the announcement made by Touchstone Innovations plc (\"Touchstone\") recommending that Touchstone Shareholders accept the Offer.\n \nFull details of how to accept the Offer are set out in the offer document published on 18 July 2017 in connection with the Offer (the \"Offer Document\"). Touchstone Shareholders who require assistance accepting the Offer (or who require a replacement Form of Acceptance) should contact the Receiving Agent, Capita Asset Services, on +44 (0) 371 664 0321.\n \nCapitalised terms used but not defined in this announcement shall have the meaning given to them in the Offer Document.\n \n2. IP Group board appointment and personnel update\nIP Group is pleased to announce that Professor David Begg has joined the board of directors of the Combined Group as a non-executive director with immediate effect. \n \nIP Group is also pleased to confirm that Russ Cummings, Tony Hickson and Nigel Pitchford have all joined the executive committee of the Combined Group for the duration of the integration period. In addition, Russ Cummings will, together with IP Group's COO, David Baynes, lead an integration team to identify, retain and build on the best of both companies.\n \nBiographical details for Professor David Begg are contained in the prospectus published by IP Group in connection with the Offer on 18 July 2017 (the \"Prospectus\"). No further information is required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules of the Financial Conduct Authority.\n \nEnquiries\n \n\n\n\n\nIP Group plc\n\n\n\n\n\n\n\nAlan Aubrey, Chief Execu...