REG - Frontier IP Group - Director/PDMR Dealing

Frontier IPAnnouncement

11/11/2022 15:15

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RNS Number : 1974G  Frontier IP Group plc  11 November 2022

RNS

AIM: FIPP

11 November 2022

 

 

 

Frontier IP Group plc

 

("Frontier IP" or the "Group")

 

Director/PDMR Dealing

 

Frontier IP, a specialist in commercialising intellectual property, announces
that Andrew Richmond, Non-Executive Chairman, has, between 9 November 2022 and
11 November 2022, sold a total of 150,000 ordinary shares of 10p each
("Ordinary Shares") in Frontier IP, at an average price of 69.0 pence per
share.

 

Following the sale, Andrew Richmond has an interest in 850,000 Ordinary
Shares, representing 1.55% of the Group's issued share capital.

 

The notification below, which has been made in accordance with the
requirements of the UK Market Abuse Regulation, provides further detail.

 

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  Ordinary Shares of 10p

      Identification code

                                                                   ISIN: GB00B63PS212

 b)   Nature of the transaction                                    Sale of Ordinary Shares

 c)   Price(s) and volume(s)                                        Price(s)    Volume(s)

                                                            71.25 pence  30,000 shares sold (9 November 2022)
                                                                   68.5 pence   50,000 shares sold (10 November 2022)

                                                            68.2 pence   25,000 shares sold (10 November 2022)
                                                                   68.5 pence   45,000 shares sold (11 November 2022)

 d)   Aggregated information

      - Aggregated volume                                          150,000

      - Price                                                      Average price of 69 pence per share

      - Aggregate amount                                           £103,500

 e)   Date of the transactions                                     9 November 2022, 10 November 2022 and 11 November 2022

 f)   Place of the transaction                                     London Stock Exchange (AIM)

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

- Aggregate amount

 

 

 

150,000

 

Average price of 69 pence per share

 

£103,500

e)

Date of the transactions

9 November 2022, 10 November 2022 and 11 November 2022

 

f)

Place of the transaction

London Stock Exchange (AIM)

 

 

 

ENQUIRIES

 

 Frontier IP Group Plc                                                  T: 020 3968 7815 neil@frontierip.co.uk (mailto:neil@frontierip.co.uk)

 Neil Crabb, Chief Executive

                                                                        M: 07464 546 025

 Andrew Johnson, Communications & Investor Relations                    andrew.johnson@frontierip.co.uk (mailto:andrew.johnson@frontierip.co.uk)

 Company website: www.frontierip.co.uk (http://www.frontierip.co.uk/)

 Allenby Capital Limited (Nominated Adviser)                            T: 0203 328 5656

 Nick Athanas / George Payne

 Singer Capital Markets (Broker)                                        T: 0207 496 3000

 Sandy Fraser / Harry Gooden / George Tzimas

 

ABOUT FRONTIER IP

Frontier IP unites science and commerce by identifying strong intellectual
property and accelerating its development through a range of commercialisation
services. A critical part of the Group's work is involving relevant industry
partners at an early stage of development to ensure technology meets real
world demands and needs.

 

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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