REG - Frontier IP Group - Result of AGM

Frontier IPAnnouncement

09/12/2022 16:15

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RNS Number : 2744J  Frontier IP Group plc  09 December 2022

RNS

AIM: FIPP

9 December 2022

 

 

Frontier IP Group Plc

("Frontier IP" or the "Group")

 

 

Result of Annual General Meeting

 

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.

 

  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   31,762,286       100.0%                                     0                    0.0%                                       31,762,286                                   0
 its subsidiaries for the year ended 30 June 2022, together with the reports of
 the Directors and the Auditor thereon.
 2) To approve the report of the Board to the members on directors'               31,746,575       100.0%                                     4,800                0.0%                                       31,751,375                                   10,911
 remuneration for the year ended 30 June 2022.
 3) To re-appoint James M Fish as a Director of the Company, who retires by       31,759,602       100.0%                                     0                    0.0%                                       31,759,602                                   2,684
 rotation and, being eligible, is offering himself for reappointment.
 4) To re-appoint Campbell Wilson as a Director of the Company, who retires by    31,759,602       100.0%                                     0                    0.0%                                       31,759,602                                   2,684
 rotation and, being eligible, is offering himself for reappointment.
 5) To re-appoint BDO LLP as auditor of the Company to hold office until the      31,757,658       100.0%                                     4,628                0.0%                                       31,762,286                                   0
 conclusion of the next general meeting at which financial statements are laid
 before shareholders.
 6) To authorise the Directors to determine the auditor's remuneration.           31,759,602       100.0%                                     2,684                0.0%                                       31,762,286                                   0
 7) To authorise the directors to allot shares.                                   28,377,302       89.3%                                      3,383,534            10.7%                                      31,760,836                                   1,450
 8) To approve the Frontier IP Group plc Long Term Incentive Plan.                28,371,240       89.4%                                      3,376,001            10.6%                                      31,747,241                                   15,045
 SPECIAL
 9) Authority to disapply pre-emption rights in connection with the allotment     28,365,452       89.3%                                      3,395,384            10.7%                                      31,760,836                                   1,450
 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.
 10) Authority to disapply pre-emption rights to allot equity securities for      31,745,351       99.95%                                     15,485               0.05%                                      31,760,836                                   1,450
 cash.
 11) Authority to purchase own shares on market.                                  27,193,531       99.97%                                     9,051                0.03%                                      27,202,582                                   4,559,704

 

 

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 and Investor Relations

 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.

 

 

 

 

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