IP Group plc (GB:IPO) has released an update.
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IP Group plc has successfully sold minority stakes in nine portfolio companies, generating up to £15 million in proceeds, which will bolster its ongoing share buyback program. This move, involving a partnership with Lexham Partners, underscores IP Group’s strong cash generation from exits and highlights its commitment to delivering returns to shareholders. With significant cash reserves and a robust market presence, IP Group continues to back exciting innovations in science and technology.
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