Result of General Meeting & Total Voting Rights
Summary by AI BETAClose X
RNS
AIM: FIPP
15 July 2026
Frontier IP Group Plc
("Frontier IP" or the "Group")
Result of General Meeting & Total Voting Rights
Frontier IP, a specialist in commercialising intellectual property, announces that at the General Meeting of the Company held earlier today, all resolutions were duly passed with the table below summarising proxy votes received.
Accordingly, following the passing of the Fundraising Resolutions at the General Meeting, the Conditional Placing, the Subscription and the Retail Offer as announced by the Company on 16 June 2026 (the "Launch Announcement") and 17 June 2026 can now proceed to completion. It is expected that Admission will be effective and dealings in the Conditional Fundraising Shares will commence at 8.00 a.m. on 16 July 2026.
|
RESOLUTIONS |
NO OF VOTES FOR |
% OF VOTES CAST (EXCLUDING VOTES WITHELD) |
NO OF VOTES AGAINST |
% OF VOTES CAST (EXCLUDING VOTES WITHELD) |
TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD) |
NO OF VOTES WITHHELD |
|||
|
ORDINARY |
|||||||||
|
1. Authority to allot New Ordinary Shares |
35,218,374 |
99.07% |
328,838 |
0.93% |
35,547,212 |
1,922 |
|||
|
SPECIAL |
|||||||||
|
2. Disapplication of pre-emption rights - New Ordinary Shares |
34,331,107 |
98.53% |
510,836 |
1.74% |
34,841,943 |
707,191 |
|||
|
ORDINARY |
|||||||||
|
3. Authority to allot shares |
35,198,611 |
99.02% |
348,601 |
0.98% |
35,547,212 |
1,922 |
|||
|
SPECIAL |
|||||||||
|
4. Disapplication of pre-emption rights |
34,421,556 |
98.80% |
420,387 |
1.20% |
34,841,943 |
707,191 |
|||
Votes Withheld are not votes in law and do not count in the number of votes counted for or against a resolution.
Details of the Directors' conditional subscriptions and their respective resulting interests in the Enlarged Share Capital are set out below:
|
Director |
Number of Existing Ordinary Shares held |
Subscription Shares subscribed for in Subscription* |
Ordinary Shares held on Second Admission |
Percentage of Enlarged Share Capital on Second Admission |
|
Neil Crabb |
4,576,018 |
583,333 |
5,159,351 |
4.59% |
|
Nigel Grierson |
135,946 |
100,000 |
235,946 |
0.21% |
|
Professor Dame Julia King |
679,724 |
177,750 |
857,474 |
0.76% |
|
Jacqueline McKay |
368,039 |
45,833 |
413,872 |
0.37% |
|
Shaun Claydon |
0 |
41,666 |
41,666 |
0.04% |
|
David Holbrook |
13,595 |
55,425 |
69,020 |
0.06% |
*Includes conversion of certain accrued Directors' fees at the Issue Price
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the 29,776,847 Conditional Fundraising Shares (comprising the 25,439,507 Conditional Placing Shares, the 1,004,007 Subscription Shares and the 3,333,333 Retail Shares) to be admitted to trading on AIM. Second Admission is expected to take place and dealings in the Conditional Fundraising Shares are expected to commence at 8.00 a.m. on 16 July 2026, at which time it is also expected that the Conditional Fundraising Shares will be enabled for settlement in CREST.
Immediately following Second Admission, the issued share capital of the Company will comprise 112,304,906 Ordinary Shares. Each Ordinary Share has one voting right and no Ordinary Shares are held in treasury. Accordingly, immediately following Second Admission, the total number of voting rights in the Company will be 112,304,906. From Second Admission, this figure may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the Launch Announcement.
ENQUIRIES
|
Frontier IP Group Plc Neil Crabb, Chief Executive
Andrew Johnson, Communications & Investor Relations Company website: www.frontierip.co.uk
|
M: 07415 888 425 andrew.johnson@frontierip.co.uk
|
|
Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas / David Asquith (Corporate Finance) Joscelin Pinnington / Matt Butlin (Corporate Broking) |
T: 0203 328 5656 |
|
Shore Capital (Joint Broker) Henry Willcocks (Corporate Broking) James Thomas / George Payne (Corporate Advisory) |
T: 0207 408 4050
|
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 (PCA) |
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|
a) |
Name |
|
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2 |
Reason for the notification |
|||||||||||||
|
a) |
Position/status |
See 1a) above |
||||||||||||
|
b)
|
Initial notification /Amendment |
Initial notification |
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|
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
|
||||||||||||
|
b) |
Nature of the transaction |
Fundraising for New Ordinary Shares
|
||||||||||||
|
c) |
Price(s) and volume(s) |
Price: 12.0 pence
Volumes:
|
||||||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A
|
||||||||||||
|
e) |
Date of the transaction |
15 July 2026 |
||||||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
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