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IP Group PLC - Oxford, England-based intellectual property commercialisation - Remains ‘well financed’ in the first half of 2023, noting a gross cash and deposits of £260 million at June 14, up 7.7% from £241.5 million in 2022. Says this results from a £60 million debt drawdown. Adds it has invested a total of £51 million into its portfolio and cites ‘notable investments’ into 10 existing portfolio companies. Realisations are in line with its expectations, totalling £31 million in the year to date. Holding annual general meeting on Thursday. Recommends a final dividend of 0.76 pence per share. If approved at AGM, this will bring the total dividend for 2022 to 1.26p per share, up 5.0% from 1.20p per share in 2021. Current stock price: 53.25 pence, down 0.1% on Thursday 12-month change: down 29% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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