REG - Frontier IP Group - Director exercise of options, shareholding and TVR

Frontier IPAnnouncement

15/05/2019 07:05

RNS Number : 0324Z
Frontier IP Group plc
15 May 2019
 


15 May 2019
Frontier IP Group Plc
("Frontier IP" or the "Group")
 
Exercise of options by a director
Notification of a transaction by Director/PDMR shareholdings and
Change to total voting rights
 
Frontier IP, a specialist in commercialising university intellectual property, announces that David Cairns (Portfolio Director) has, on 14 May 2019, exercised options over a total of 325,000 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"). The options had been granted to David Cairns under the Frontier IP Group plc Employee Share Option Scheme 2011 and have been exercised as follows:
 



Grant Date


Number of Options


Exercise Price




15 January 2013


195,782


15.00p




1 April 2014


54,218


26.88p




7 April 2016


75,000


26.63p



 
Application will be made to the London Stock Exchange for admission to trading of 325,000 new Ordinary Shares and dealings on AIM are expected to become effective on 21 May 2019 ("Admission"). The New Ordinary Shares rank, pari passu, in all respects with the Company's existing ordinary shares
 
At Admission David Cairns will be beneficially interested in 1,165,238 Ordinary Shares in Frontier IP, equal to approximately 2.75 per cent. of the issued share capital and voting rights of the Company.
 
Total Voting Rights
 
Following Admission, the issued share capital of the Company will consist of 42,431,372 ordinary shares of 10p each ("Ordinary Shares"), with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 42,431,372.
 
From Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
 
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the transactions described above.
 
ENQUIRIES











 




Frontier IP Group Plc


T: 0131 240 1251




Neil Crabb, Chief Executive Officer








Andrew Johnson, Communications & Investor Relations


M: 07464 546 025














Allenby Capital Limited (Nominated Adviser and Broker)


T: 0203 328 5656




Nick Athanas






 




Nicholas Chambers






 



 
ABOUT FRONTIER IP: www.frontierip.co.uk
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.
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


David Cairns




2
 


Reason for the notification




a)
 


Position/status
 


Director (PDMR)




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
 
 
GB00B63PS212




b)
 


Nature of the transaction


Exercise of options




c)
 


Price(s) and volume(s)





Price(s) 


Volume(s)




15.00p
26.88p
26.63p
 


195,782
54,218
75,000








d)
 


Aggregated information
- Aggregated volume
- Price


  n/a
 



 




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