Frontier IP Group plc Exercise of Options & Director/PDMR Shareholdings (1279V)
November 30 2023 - 1:00AM
UK Regulatory
TIDMFIPP
RNS Number : 1279V
Frontier IP Group plc
30 November 2023
RNS
AIM: FIPP
30 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 29 November 2023, Jim
Fish (Chief Financial Officer) exercised options to acquire 250,000
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 GBP67,200 for the Company.
Details of the transactions undertaken are set out below:
Interests in
Ordinary Shares
No of Ordinary Interests in held as a percentage
Shares over which Ordinary Shares of the Company's
options have been following the enlarged share
Director exercised exercise capital
Jim Fish 250,000 350,000 0.62%
------------------- ----------------- ----------------------
Application has been made for the 250,000 new Ordinary Shares to
be admitted to trading on AIM and it is expected that Admission
will occur on or around 7 December 2023.
In addition, on 29 November 2023, Jacqueline McKay (Chief
Operating Officer) transferred 44,000 Ordinary Shares from her
personal holding to her self-invested personal pension ("SIPP").
Following the transfer, the beneficial interest of Jacqueline McKay
in the Group's Ordinary Shares remains unchanged at 262,855
Ordinary Shares representing 0.47 per cent. of the Group's current
issued share capital.
The notifications 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, are appended below.
Total Voting Rights
Upon Admission, the Company's issued share capital will consist
of 56,166,946 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 56,166,946. 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 T: 020 3968 7815 neil@frontierip.co.uk
Neil Crabb, Chief Executive
M: 07464 546 025
Andrew Johnson, Communications & Investor andrew.johnson@frontierip.co.uk
Relations
Company website: www.frontierip.co.uk
Allenby Capital Limited (Nominated T: 0203 328 5656
Adviser)
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.
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 Jim Fish
------------------------------ -----------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------ -----------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ -----------------------------------
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 Options over ordinary shares of
instrument, type of 10p each in Frontier IP Group Plc
instrument
Identification code 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) Price(s) Volume(s)
26.88 pence 250,000
----------
------------------------------ -----------------------------------
d) Aggregated information
- Aggregated volume 250,000 Ordinary Shares
- Price GBP67,200
------------------------------ -----------------------------------
e) Date of the transactions 29 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 Initial notification
/Amendment
----------------------------- ----------------------------------------------
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 Ordinary shares of 10p each in
instrument, type of Frontier IP Group Plc
instrument
Identification code Identification code (ISIN) for
Frontier IP Group Plc ordinary
shares: GB00B63PS212
----------------------------- ----------------------------------------------
b) Nature of the transaction Transfer of shares into self-invested
personal pension (SIPP). Transaction
effected via sale in own name,
followed by purchase into SIPP.
----------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
40.5p per
share (sale
from
personal
holding
to SIPP) 44,000
----------
40.5p per
share (purchase
by SIPP
from personal
holding) 44,000
----------
----------------------------- ----------------------------------------------
d) Aggregated information Price(s) Volume(s) Total
- Aggregated volume 40.5p per 44,000 GBP17,820.00
- Price share (sale
from
personal
holding
to SIPP)
---------- ------------
40.5p per 44,000 GBP17,820.00
share (purchase
by SIPP
from personal
holding)
---------- ------------
----------------------------- ----------------------------------------------
e) Date of the transactions 29 November 2023
----------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (AIM)
----------------------------- ----------------------------------------------
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END
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