Exercise of Options & Director/PDMR Shareholdings

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 £67,200 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

 

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

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

Jim Fish

2

Reason for the notification

a)

Position/status

Chief Financial 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)

 Price(s)

Volume(s)

26.88 pence

250,000

d)

Aggregated information

- Aggregated volume

- Price

 

250,000 Ordinary Shares

£67,200

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 /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

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

- Aggregated volume

- Price

 

 Price(s)

Volume(s)

Total

40.5p per share (sale from

personal holding to SIPP)

44,000

£17,820.00

40.5p per share (purchase by SIPP from personal holding)

44,000

£17,820.00

e)

Date of the transactions

29 November 2023

 

f)

Place of the transaction

London Stock Exchange (AIM)

 

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