Frontier IP Group plc Exercise of Options & PDMR Shareholdings & TVR (1079S)

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 [e-mail] 
  Neil Crabb, Chief Executive 
                                                                    M: 07464 546 025 
  Andrew Johnson, Communications & Investor          [e-mail] 
  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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November 01, 2023 13:48 ET (17:48 GMT)