REG - Frontier IP Group - Result of AGM

Frontier IPAnnouncement

09/12/2021 14:35

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RNS Number : 1727V  Frontier IP Group plc  09 December 2021

RNS

AIM: FIPP

9 December 2021

 

 

 

Frontier IP Group plc

("Frontier IP", the "Group" or "the Company")

 

Result of Annual General Meeting

 

Directorate Change

 

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

 

The Company also confirms, as announced on 28 October 2021, that Michael
Bourne has not sought re-election as a director at today's annual general
meeting and has stepped down from his non-executive role at Frontier IP with
effect from today.

 

  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   26,703,251       100.0                                      0                    0.0                                        26,703,251                                   2,955
 its subsidiaries for the year ended 30 June 2021, together with the reports of
 the Directors and the Auditor thereon.
 2) To approve the report of the Board to the members on directors'               23,269,124       87.2                                       3,425,809            12.8                                       26,694,933                                   11,273
 remuneration for the year ended 30 June 2021
 3) To re-appoint Matthew White as a Director of the Company, who retires by      25,425,961       95.2                                       1,274,749            4.8                                                                                     5,496
 rotation and, being eligible, is offering himself for reappointment.

                                                                                                                                                                                                              26,700,710

 4) To re-elect Professor Dame Julia King, Baroness Brown of Cambridge as a       26,698,457       100.0                                      2,253                0.0                                                                                     5,496
 Director of the Company, who, having been appointed since the previous annual

 general meeting, is retiring and, being eligible, is offering herself for                                                                                                                                    26,700,710
 re-election.

 5) To not fill the vacancy created by the retirement of Mike Bourne who          25,396,755       95.1                                       1,308,955            4.9                                        26,705,710                                   496
 retires by rotation and is not offering himself for reappointment as a
 Director.
 6) To re-appoint Andrew Richmond as a Director of the Company.                   26,704,530       100.0                                      180                  0.0                                        26,704,710                                   1,496
 7) To re-appoint BDO LLP as auditors                                             26,695,908       100.0                                      1,008                0.0                                        26,696,916                                   9,290
 8) To authorise the Directors to determine the auditor's remuneration.           26,705,710       100.0                                      0                    0.0                                                                                     496

                                                                                                                                                                                                              26,705,710

 9) To authorise the directors to allot shares                                    23,246,263       87.2                                       3,424,629            12.8                                       26,670,892                                   35,314
 SPECIAL
 10) Authority to disapply pre-emption rights in connection with the allotment    22,963,706       86.1                                       3,701,007            13.9                                       26,664,713                                   41,493
 and issue of equity securities for cash in relation to (i) share option
 schemes; (ii) rights issue or similar offer; or (iii) allotment of equity
 securities up to 5% of the issued share capital
 11) Authority to disapply pre-emption rights to allot equity securities for      26,402,727       99.0                                       267,598              1.0                                                                                     35,881
 cash

                                                                                                                                                                                                              26,670,325

 12) Authority to purchase own shares on market                                   26,696,460       100.0                                      9,250                0.0                                        26,705,710                                   496

 

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

 Neil Crabb, Chief Executive                                            M: 07464 546 025

 Andrew Johnson, Communications & Investor Relations

 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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