Frontier IP Group plc Exercise of Options & PDMR Shareholdings (9617G)
18 Novembre 2022 - 4:53PM
UK Regulatory
TIDMFIPP
RNS Number : 9617G
Frontier IP Group plc
18 November 2022
RNS
AIM: FIPP
18 November 2022
Frontier IP Group plc
("Frontier IP" or the "Group")
Exercise of Options & Director/PDMR Shareholdings
and
Total Voting Rights
Frontier IP (AIM: FIPP), a specialist in commercialising
intellectual property, announces that, on 16 November 2022, Neil
Crabb (Chief Executive Officer) and Jacqueline McKay (Chief
Operating Officer) exercised options to acquire 652,607 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 15 January 2013. The options have an
exercise price of 15p and, if unexercised, the options would have
lapsed on 14 January 2023. The exercise of these options will
generate proceeds of GBP97,891.05 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 456,825 3,445,538 6.19%
------------------- ----------------- ----------------------
Jacqueline McKay 195,782 208,637 0.37%
------------------- ----------------- ----------------------
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 652,607 new Ordinary Shares to
be admitted to trading on AIM and it is expected that Admission
will occur on or around 22 November 2022.
Total Voting Rights
Upon Admission, the Company's issued share capital will consist
of 55,658,153 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 55,658,153. 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
Sandy Fraser / Harry Gooden / George
Tzimas
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)
15 pence 456,825
----------
-------------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume 456,825 Ordinary Shares
- Price GBP68,523.75
-------------------------------- --------------------------------------------
e) Date of the transactions 16 November 2022
-------------------------------- --------------------------------------------
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 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)
15 pence 195,782
----------
-------------------------------- -----------------------------------
d) Aggregated information
- Aggregated volume 195,782 Ordinary Shares
- Price GBP29,367.30
-------------------------------- -----------------------------------
e) Date of the transactions 16 November 2022
-------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------
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END
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