REG - Frontier IP Group - Total Voting Rights and Director/PDMR Shareholding

Frontier IPAnnouncement

21/11/2018 11:00

RNS Number : 0841I
Frontier IP Group plc
21 November 2018
 


21 November 2018
 
Frontier IP Group plc
("Frontier IP" or the "Company")
 
Total Voting Rights and Director/PDMR Shareholdings
 
Frontier IP, which specialises in commercialising university intellectual property, announces that the 3,827,852 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") issued pursuant to the placing announced on 15 November 2018 (the "Placing") have today been admitted to trading on AIM ("Admission") and the Placing has completed. The Company's issued share capital now consists of 42,106,372 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 is 42,106,372.
 
This figure may be used by Shareholders 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.
 
Director/PDMR Shareholdings
 
Michael Bourne, Non-Executive Director of the Company, subscribed for 32,932 Ordinary Shares in the Placing at a price of 65 pence per share and now holds a total interest in 303,170 Ordinary Shares, equivalent to 0.72 per cent. of the Company's enlarged ordinary share capital. Details of this purchase were included in the announcement on 15 November 2018.
 
Following Admission, the Directors' beneficial shareholdings are as follows:
 




 
Director


Interest in Ordinary Shares upon Admission


Percentage of voting rights in the Company upon Admission




Andrew Richmond (Non-executive Chairman)


1,000,000  


2.37




Neil Crabb (Chief Executive Officer)


2,834,168


6.73




James Fish (Finance Director)


100,000


0.23




Jacqueline McKay (Chief Operating Officer)


12,855


0.03




David Cairns (Portfolio Director)


840,238


1.99




Michael Bourne (Non-executive Director)


303,170


0.72




Campbell Wilson (Non-executive Director)


-


-




 
 
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


Michael Bourne




2


Reason for the notification




a)


Position/status


Non-Executive Director




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
Identification code


Ordinary shares of 10p each in Frontier IP Group Plc
 
Identification code (ISIN) for Frontier IP Group Plc ordinary shares: GB00B63PS212




b)


Nature of the transaction


Purchase of Ordinary Shares




c)


Price(s) and volume(s)






 Price(s)


Volume(s)




65.00p


32,932




 




d)


Aggregated information
- Aggregated volume
- Price


N/A




e)


Date of the transactions


21 November 2018




f)


Place of the transaction


Outside a Trading Venue - placing of new ordinary shares




 
The information set out in this announcement is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
 
Enquiries:




Frontier IP Group plc


T: 0131 240 1251




Neil Crabb, Chief Executive


 




Andrew Johnson, Communications & Investor Relations


M: 07464 546 025




www.frontierip.co.uk


 




 


 




Allenby Capital Limited (Nominated Adviser and Broker)


T: 0203 328 5656




Nick Athanas / Nicholas Chambers (Corporate Finance)


 




Amrit Nahal (Equity Sales)


 




Notes to Editors:
Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services.  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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