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

Frontier IPAnnouncement

18/11/2022 16:00

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RNS Number : 9617G  Frontier IP Group plc  18 November 2022

RNS

AIM: FIPP

18 November 2022

 

 

 

Frontier IP Group plc

 

("Frontier IP" or the "Group")

 

Exercise of Options & Director/PDMR Shareholdings

and

Total Voting Rights

 

Frontier IP (AIM: FIPP), a specialist in commercialising intellectual
property, announces that, on 16 November 2022, Neil Crabb (Chief Executive
Officer) and Jacqueline McKay (Chief Operating Officer) exercised options to
acquire 652,607 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 15 January 2013. The options have an exercise price of
15p and, if unexercised, the options would have lapsed on 14 January 2023. The
exercise of these options will generate proceeds of £97,891.05 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        456,825                                                       3,445,538                                            6.19%
 Jacqueline McKay  195,782                                                       208,637                                              0.37%

 

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 652,607 new Ordinary Shares to be admitted
to trading on AIM and it is expected that Admission will occur on or around 22
November 2022.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 55,658,153
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 55,658,153. 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

 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.

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)
                                                                   15 pence    456,825
 d)   Aggregated information

      - Aggregated volume                                          456,825 Ordinary Shares

      - Price                                                      £68,523.75
 e)   Date of the transactions                                     16 November 2022

 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

456,825 Ordinary Shares

£68,523.75

e)

Date of the transactions

16 November 2022

 

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)
                                                                   15 pence    195,782
 d)   Aggregated information

      - Aggregated volume                                          195,782 Ordinary Shares

      - Price                                                      £29,367.30
 e)   Date of the transactions                                     16 November 2022

 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

195,782 Ordinary Shares

£29,367.30

e)

Date of the transactions

16 November 2022

 

f)

Place of the transaction

Outside a trading venue

 

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