REG - Frontier IP Group - Exercise of Options & Director/PDMR Shareholdings

Frontier IPAnnouncement

30/11/2023 07:15

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RNS Number : 1279V  Frontier IP Group plc  30 November 2023

RNS

AIM: FIPP

30 November 2023

 

 

Frontier IP Group plc

 

("Frontier IP" or the "Company")

 

Exercise of Options & Director/PDMR Shareholdings

and

Total Voting Rights

 

Frontier IP (AIM: FIPP), a specialist in commercialising intellectual
property, announces that, on 29 November 2023, Jim Fish (Chief Financial
Officer) exercised options to acquire 250,000 ordinary shares of 10 pence each
in the Company ("Ordinary Shares") pursuant to the terms of the Company's EMI
Share Option Scheme. These options were awarded on 1 April 2014. The options
have an exercise price of 26.88p and, if unexercised, the options would have
lapsed on 31 March 2024. The exercise of these options will generate proceeds
of £67,200 for the Company.

Details of the transactions undertaken are set out below:

 Director  No of Ordinary Shares over which options have been exercised  Interests in Ordinary Shares following the exercise  Interests in Ordinary Shares held as a percentage of the Company's enlarged

                                                    share capital

 Jim Fish  250,000                                                       350,000                                              0.62%

 

Application has been made for the 250,000 new Ordinary Shares to be admitted
to trading on AIM and it is expected that Admission will occur on or around 7
December 2023.

In addition, on 29 November 2023, Jacqueline McKay (Chief Operating Officer)
transferred 44,000 Ordinary Shares from her personal holding to her
self-invested personal pension ("SIPP"). Following the transfer, the
beneficial interest of Jacqueline McKay in the Group's Ordinary Shares
remains unchanged at 262,855 Ordinary Shares representing 0.47 per cent. of
the Group's current issued share capital.

The notifications and public disclosure of transactions by persons discharging
managerial responsibilities in accordance with the requirements of the EU
Market Abuse Regulation, which forms part of Domestic UK Law pursuant to the
European Union (Withdrawal) Act 2018, are appended below.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 56,166,946
Ordinary Shares with one voting right each. 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 56,166,946. With effect 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.

 

 

 

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

 Harry Gooden / James Fischer

 

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.

 

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                                                         Jim Fish
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 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  Options over ordinary shares of 10p each in Frontier IP Group Plc

      Identification code

                                                                   Identification code (ISIN) for Frontier IP Group Plc ordinary shares:
                                                                   GB00B63PS212

 b)   Nature of the transaction                                    Exercise of options

 c)   Price(s) and volume(s)                                        Price(s)     Volume(s)
                                                                   26.88 pence   250,000
 d)   Aggregated information

      - Aggregated volume                                          250,000 Ordinary Shares

      - Price                                                      £67,200
 e)   Date of the transactions                                     29 November 2023

 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

250,000 Ordinary Shares

£67,200

e)

Date of the transactions

29 November 2023

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Jacqueline McKay
 2    Reason for the notification
 a)   Position/status                                              Chief Operating Officer
 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 each in Frontier IP Group Plc

      Identification code

                                                                   Identification code (ISIN) for Frontier IP Group Plc ordinary shares:
                                                                   GB00B63PS212
 b)   Nature of the transaction                                    Transfer of shares into self-invested personal pension (SIPP). Transaction
                                                                   effected via sale in own name, followed by purchase into SIPP.

 c)   Price(s) and volume(s)                                        Price(s)                                                 Volume(s)
                                                                   40.5p per share (sale from                                44,000

                                                                   personal holding to SIPP)
                                                                   40.5p per share (purchase by SIPP from personal holding)  44,000
 d)   Aggregated information

 Price(s)                                                 Volume(s)  Total
      - Aggregated volume                                          40.5p per share (sale from                                44,000     £17,820.00

      - Price                                                      personal holding to SIPP)
                                                                   40.5p per share (purchase by SIPP from personal holding)  44,000     £17,820.00
 e)   Date of the transactions                                     29 November 2023

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

d)

Aggregated information

- Aggregated volume

- Price

 

  Price(s)                                                 Volume(s)  Total
 40.5p per share (sale from                                44,000     £17,820.00

 personal holding to SIPP)
 40.5p per share (purchase by SIPP from personal holding)  44,000     £17,820.00

e)

Date of the transactions

29 November 2023

 

f)

Place of the transaction

London Stock Exchange (AIM)

 

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