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IP Group takes part in placing by portfolio company

01 March 2017 08:05

IP Group committed a total of £1.46m to a placing by portfolio company Actual Experience which has raised £17.5m.

Actual Experience, which was founded in 2009 to commercialise research originally undertaken at Queen Mary University of London, is an analytics-as-a-service company with a primary focus on analysing and evaluating the impact of digital supply chain behaviour on perceived human experience.

The company's goal is to ensure a consistent digital experience for digital products and services by significantly reducing the time it takes to pinpoint digital experience issues. IP Group committed a total of £1.46m to the placing and, following completion, will hold a total of 9,928,384 shares in Actual Experience, or 22.25% of the equity.

The placing is conditional upon shareholder approval at a general meeting, scheduled for 20 March.

At 8:05am: (LON:IPO) IP Group PLC share price was +0.35p at 159.35p

Story provided by StockMarketWire.com

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