- Intellectual property investment company IP Group said positive progress made by many of its portfolio companies during 2020 had continued during the year to date.

In the year to date, the company invested over £50 million in 32 portfolio companies and made cash realisations of £16 million.

'The directors anticipate that cash realisations in the first half of the year will exceed £80 million following the completion of certain portfolio transactions,' it added.

The company said, assuming shareholders approval the relevant resolutions at the meeting later on 9 June, it would pay its inaugural dividend of one pence per ordinary share on 16th June.

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