REG - Frontier IP Group - Director Dealing

Frontier IPAnnouncement

15/11/2018 16:10

RNS Number : 5331H
Frontier IP Group plc
15 November 2018
 


15 November 2018
 
Frontier IP Group plc
("Frontier IP" or the "Company")
 
Director Dealing
 
Frontier IP, which specialises in commercialising university intellectual property, has been informed by Andrew Richmond, Non-Executive Chairman, that his SIPP has today purchased 200,000 ordinary shares in the Company ("Ordinary Shares") at 67.5p per share and that he has today sold 200,000 Ordinary Shares at 67.5p per share. Following these transactions, Mr Richmond continues to have an interest in 1,000,000 Ordinary Shares, representing approximately 2.61 per cent. of the current issued share capital of the Company.
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Andrew Richmond




2


Reason for the notification




a)


Position/status


Non-Executive Chairman




b)
 


Initial notification /Amendment


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Frontier IP Group plc




b)


LEI


213800BRYUKQPJWKJ312




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a)
 


Description of the financial instrument, type of instrument
Identification code


Ordinary shares of 10p each in Frontier IP Group Plc
 
Identification code (ISIN) for Frontier IP Group Plc ordinary shares: GB00B63PS212




b)


Nature of the transaction


Purchase of shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




67.5p


200,000








d)


Aggregated information
- Aggregated volume
- Price


N/A




e)


Date of the transactions


15 November 2018




f)


Place of the transaction


XLON, London Stock Exchange (AIM)



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Andrew Richmond




2


Reason for the notification




a)


Position/status


Non-Executive Chairman




b)
 


Initial notification /Amendment


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Frontier IP Group plc




b)


LEI


213800BRYUKQPJWKJ312




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a)
 


Description of the financial instrument, type of instrument
Identification code


Ordinary shares of 10p each in Frontier IP Group Plc
 
Identification code (ISIN) for Frontier IP Group Plc ordinary shares: GB00B63PS212




b)


Nature of the transaction


Sale of shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




67.5p


200,000








d)


Aggregated information
- Aggregated volume
- Price


N/A




e)


Date of the transactions


15 November 2018




f)


Place of the transaction


XLON, London Stock Exchange (AIM)



 
Enquiries:



Frontier IP Group plc


T: 0131 240 1251




Neil Crabb, Chief Executive








Andrew Johnson, Communications & Investor Relations


M: 07464 546 025




www.frontierip.co.uk


















Allenby Capital Limited (Nominated Adviser and Broker)


T: 0203 328 5656




Nick Athanas / Nicholas Chambers (Corporate Finance)








Amrit Nahal (Equity Sales)







Notes to Editors:
Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services.  The group looks to build and grow a portfolio of equity stakes and licence income by taking an active involvement in spin-out companies, including support for fund raising and collaboration with relevant industry partners at an early stage of development.




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