Frontier IP Group plc Exercise of Options & PDMR Shareholdings & TVR (1079S)
November 01 2023 - 1:48PM
UK Regulatory
TIDMFIPP
RNS Number : 1079S
Frontier IP Group plc
01 November 2023
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 GBP49,027.24 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
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 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 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 Options over ordinary shares of
instrument, type of instrument 10p each in Frontier IP Group Plc
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 128,175
----------
-------------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume 128,175 Ordinary Shares
- Price GBP34,453.44
-------------------------------- --------------------------------------------
e) Date of the transactions 1 November 2 023
-------------------------------- --------------------------------------------
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 Options over ordinary shares of
instrument, type of instrument 10p each in Frontier IP Group Plc
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 54,218
----------
-------------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume 54,218 Ordinary Shares
- Price GBP14,573.80
-------------------------------- --------------------------------------------
e) Date of the transactions 1 November 2 023
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
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END
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