RNS
AIM: FIPP
1 November 2023
Frontier IP Group plc
("Frontier IP" or the "Company")
Exercise of Options & Director/PDMR Shareholdings
and
Total Voting Rights
Frontier IP (AIM: FIPP), a specialist in commercialising intellectual property, announces that, on 1
November 2023, Neil Crabb (Chief Executive Officer) and Jacqueline McKay (Chief Operating Officer) exercised options to acquire 182,393 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 1 April 2014. The options have an exercise price of 26.88p and, if unexercised, the options would have lapsed on 31 March 2024. The exercise of these options will generate proceeds of £49,027.24 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 | 128,175 | 3,573,713 | 6.39% |
| Jacqueline McKay | 54,218 | 262,855 | 0.47% |
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 182,393 new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will occur on or around 8 November 2023.
Total Voting Rights
Upon Admission, the Company's issued share capital will consist of 55,916,946 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 55,916,946. 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 Neil Crabb, Chief Executive
Andrew Johnson, Communications & Investor Relations Company website: www.frontierip.co.uk
| T: 020 3968 7815 neil@frontierip.co.uk
M: 07464 546 025 andrew.johnson@frontierip.co.uk
|
| Allenby Capital Limited (Nominated Adviser) Nick Athanas / George Payne
| T: 0203 328 5656 |
| Singer Capital Markets (Broker) Harry Gooden / James Fischer | T: 0207 496 3000
|
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 Identification code | Options over 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 | Exercise of options
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
128,175 Ordinary Shares £34,453.44 | ||||
| e) | Date of the transactions | 1 November 2023
| ||||
| 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 Identification code | Options over 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 | Exercise of options
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
54,218 Ordinary Shares £14,573.80 | ||||
| e) | Date of the transactions | 1 November 2023
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
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