REG - Frontier IP Group - Result of AGM and Directorate Change

Frontier IPAnnouncement

15/12/2023 14:15

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RNS Number : 0306X  Frontier IP Group plc  15 December 2023

RNS

AIM: FIPP

15 December 2023

 

 

Frontier IP Group Plc

("Frontier IP" or the "Group")

 

 

Result of Annual General Meeting and Directorate Change

 

Frontier IP, a specialist in commercialising intellectual property, announces
that at its annual general meeting ("AGM"), held earlier today, all
resolutions were duly passed with the table below summarising proxy votes
received.

The Company also confirms, as announced on 31 October 2023, that Andrew
Richmond has not sought re-election as a director at today's annual general
meeting and has stepped down from his role as Chairman with effect from today.

Dame Julia King, Baroness Brown of Cambridge has assumed the role of Chair
following conclusion of today's AGM.

 

  RESOLUTIONS                                                                    NO OF VOTES FOR  % OF VOTES CAST (EXCLUDING VOTES WITHELD)  NO OF VOTES AGAINST  % OF VOTES CAST (EXCLUDING VOTES WITHELD)  TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD)  NO OF VOTES WITHHELD
 ORDINARY
 1. To receive the audited consolidated financial statements of the Company and  28,798,831       100%                                       0                    0%                                         28,798,831                                   7,001
 its subsidiaries for the year ended 30 June 2023, together with the reports
 of the Directors and the Auditor thereon.
 2. To approve the report of the Board to the members on directors'              24,016,521       83%                                        4,761,258            17%                                        28,777,779                                   28,053
 remuneration for the year ended 30 June 2023.
 3. To re-appoint Neil Crabb as a Director of the Company and, being eligible,   28,779,740       100%                                       3,000                0%                                         28,782,740                                   23,092
 is offering himself for reappointment.
 4. To re-appoint Jacqueline McKay as a Director of the Company and, being       28,779,740       100%                                       0                    0%                                         28,779,740                                   26,092
 eligible, is offering herself for reappointment.
 5. To re-appoint James Fish as a Director of the Company and, being eligible,   28,779,740       100%                                       0                    0%                                         28,779,740                                   26,092
 is offering himself for reappointment.
 6. To re-appoint Matthew White as a Director of the Company and, being          28,779,740       100%                                       0                    0%                                         28,779,740                                   26,092
 eligible, is offering himself for reappointment.
 7. To re-appoint David Holbrook as a Director of the Company and, being         28,779,740       100%                                       0                    0%                                         28,779,740                                   26,092
 eligible, is offering himself for reappointment.
 8. To re-appoint Nigel Grierson as a Director of the Company and, being         28,779,740       100%                                       0                    0%                                         28,779,740                                   26,092
 eligible, is offering himself for reappointment
 9. To re-appoint Professor Dame Julia King, Baroness Brown of Cambridge as a    28,779,740       100%                                       0                    0%                                         28,779,740                                   26,092
 Director of the Company and, being eligible, is offering herself for
 reappointment.
 10. To resolve not to fill the vacancy created by the retirement of Andrew      28,801,720       100%                                       0                    0%                                         28,801,720                                   4,001
 Richmond as a Director and Chairman of the Company at the AGM, in accordance
 with the Articles of Association of the Company
 11. To re-appoint BDO LLP as auditor of the Company to hold office until the    28,797,617       100%                                       0                    0%                                         28,797,617                                   8,215
 conclusion of the next general meeting at which financial statements are laid
 before shareholders.
 12 To authorise the Directors to determine the auditor's remuneration           28,797,617       100%                                       4,214                0%                                         28,801,831                                   4,001
 13. To authorise the directors to allot shares                                  28,779,740       100%                                       19,091               0%                                         28,798,831                                   7,001
 SPECIAL
 14. Authority to disapply pre-emption rights in connection with the allotment   23,213,401       81%                                        5,585,430            19%                                        28,798,831                                   7,001
 and issue of equity securities for cash in relation to (i) share option
 schemes; (ii) rights issue or similar offer; (iii) allotment of equity
 securities up to 10% of the issued share capital; or (iv) to the allotment of
 equity securities up to a nominal amount equal to 20%, such authority to be
 used only for the purposes of making a follow-on offer which the Board of the
 Company determines to be of a kind contemplated by paragraph 3 of Section 2B
 of the Statement of Principles on Disapplying Pre-Emption Rights.
 15. Authority to disapply pre-emption rights to allot equity securities for     27,929,775       97%                                        849,965              3%                                         28,779,740                                   26,092
 cash.
 16. Authority to purchase own shares on market.                                 24,461,860       100%                                       7,850                0%                                         24,469,710                                   4,336,122

 

 

Votes which have been cast at the discretion of the Chairman have been counted
as votes for the resolutions. Votes Withheld are not votes in law and do not
count in the number of votes counted for or against a resolution.

 

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.

 

 

 

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