Grant of Options

RNS Number : 4272U

Frontier IP Group plc

07 April 2016

 

AIM: FIPP

7 April 2016

FRONTIER IP GROUP PLC

("Frontier IP" or "the Company")

Grant of Options

Frontier IP, which specialises in the commercialisation of intellectual property, is pleased to announce that its Board has granted options over ordinary shares of 10p each in the Company to the directors below.

		Options granted 7 April 2016		Total options following grant
Neil Crabb		350,000		935,000
Jacqueline McKay		150,000		400,000
James Fish		150,000		400,000
David Cairns		75,000		325,000

All options are awarded under the Company's Share Option Scheme, the Frontier IP Group plc Employee Share Option Scheme 2011.  The options have been awarded at an exercise price of 26.63 pence per share (the closing price of the ordinary shares on 6 April 2016) and the exercise period commences on the third anniversary of the date of grant and expires on the day preceding the tenth anniversary thereof.

Enquiries

Frontier IP Group Plc		T: 0131 240 1251
Neil Crabb, Chief Executive
Company website: www.frontierip.co.uk
Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker)		T: 020 7894 7000
David Foreman / Catherine Leftley, Corporate Finance
Peterhouse Corporate Finance Limited (Joint Broker)		T: 020 7469 0935
Lucy Williams
Kreab (Financial PR)		T: 020 7074 1800
Robert Speed / Matthew Jervois

Notes to Editor:

Frontier IP Group plc

www.frontierip.co.uk.

Frontier IP specialises in assisting institutions and companies in the commercialisation and

exploitation of their intellectual property. It establishes formal and informal relationships with

sources of exploitable IP, principally universities. Its core business is building and growing a portfolio of equity stakes in spin‐out companies by taking an active involvement in the commercialisation and funding of these businesses.

 

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