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RNS Number : 1079S Frontier IP Group plc 01 November 2023
RNS
AIM: FIPP
1 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 1
November 2023, Neil Crabb (Chief Executive Officer) and Jacqueline McKay
(Chief Operating Officer) exercised options to acquire 182,393 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 £49,027.24 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
Neil Crabb 128,175 3,573,713 6.39%
Jacqueline McKay 54,218 262,855 0.47%
The notification 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, is appended below.
Application has been made for the 182,393 new Ordinary Shares to be admitted
to trading on AIM and it is expected that Admission will occur on or around 8
November 2023.
Total Voting Rights
Upon Admission, the Company's issued share capital will consist of 55,916,946
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 55,916,946. 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 Neil Crabb
2 Reason for the notification
a) Position/status Chief Executive 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 128,175
d) Aggregated information
- Aggregated volume 128,175 Ordinary Shares
- Price £34,453.44
e) Date of the transactions 1 November 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
128,175 Ordinary Shares
£34,453.44
e)
Date of the transactions
1 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 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 54,218
d) Aggregated information
- Aggregated volume 54,218 Ordinary Shares
- Price £14,573.80
e) Date of the transactions 1 November 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
54,218 Ordinary Shares
£14,573.80
e)
Date of the transactions
1 November 2023
f)
Place of the transaction
Outside a trading venue
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