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IP Group PLC - London-based active investor in early stage science companies - Increases share buyback by £10 million to £30 million, after cash proceeds from investment exits so far in 2024 already exceed the total for all of 2023. Since December, IP Group has bought back 29 million shares, 3% of its total, for a combined £13 million. It has received £43 million in cash from exits so far in 2024, the majority of which came from the sale of Garrison Technology Ltd. It also notes that London-listed portfolio firm Intelligent Ultrasound Group PLC will make a ‘material return of capital’ following a recent disposal of its own. IP Group will release its half-year results on September 17. Current stock price: 35.95 pence 12-month change: down 39% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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