skip to content

Bids, Mergers and Takeovers

IP Group updates on Touchstone deal

08 June 2017 13:49

IP Group has announced the completion of its £207m Capital Raise, with £23m being subject to delayed settlement by Beijing Galaxy World Group, in relation to the the 'Possible Offer' for Touchstone Innovations.

The Company added that, to account for the £184m of the firm capital raised to date, it has made the following adjustments to the 'Possible Offer':

a) the Exchange Ratio increases to 2.1575;

b) Touchstone shareholders would own approximately 33% of the enlarged share capital of IP Group; and

c) on the basis of the closing IP Group share price on 22 May, the implied offer value remains 307p per Touchstone share.

At 1:49pm:

(LON:IPO) IP Group PLC share price was +2.25p at 137.65p

(LON:IVO) Touchstone Innovations PLC share price was +4.88p at 301.38p

Story provided by

Related Company: IPO

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.