Frontier IP Group plc Result of AGM (1727V)

TIDMFIPP

RNS Number : 1727V

Frontier IP Group plc

09 December 2021

RNS

AIM: FIPP

9 December 2021

Frontier IP Group plc

("Frontier IP", the "Group" or "the Company")

Result of Annual General Meeting

Directorate Change

Frontier IP (AIM: FIPP), a specialist in commercialising intellectual property, announces that at its annual general meeting, held earlier today, all resolutions were duly passed with the table below summarising proxy votes received.

The Company also confirms, as announced on 28 October 2021, that Michael Bourne has not sought re-election as a director at today's annual general meeting and has stepped down from his non-executive role at Frontier IP with effect from today.

 
  RESOLUTIONS                   NO OF         % OF VOTES       NO OF         % OF VOTES              TOTAL       NO OF 
                                VOTES    CAST (EXCLUDING       VOTES    CAST (EXCLUDING              VOTES       VOTES 
                                  FOR              VOTES     AGAINST              VOTES    CAST (EXCLUDING    WITHHELD 
                                                WITHELD)                       WITHELD)              VOTES 
                                                                                                 WITHHELD) 
 ORDINARY 
 1) To receive 
  the audited 
  consolidated 
  financial statements 
  of the Company 
  and its subsidiaries 
  for the year ended 
  30 June 2021, 
  together with 
  the reports of 
  the Directors 
  and the Auditor 
  thereon.                 26,703,251              100.0           0                0.0         26,703,251       2,955 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 2) To approve 
  the report of 
  the Board to the 
  members on directors' 
  remuneration for 
  the year ended 
  30 June 2021             23,269,124               87.2   3,425,809               12.8         26,694,933      11,273 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 3) To re-appoint 
  Matthew White 
  as a Director 
  of the Company, 
  who retires by 
  rotation and, 
  being eligible, 
  is offering himself 
  for reappointment.       25,425,961               95.2   1,274,749                4.8         26,700,710       5,496 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 4) To re-elect 
  Professor Dame 
  Julia King, Baroness 
  Brown of Cambridge 
  as a Director 
  of the Company, 
  who, having been 
  appointed since 
  the previous annual 
  general meeting, 
  is retiring and, 
  being eligible, 
  is offering herself 
  for re-election.         26,698,457              100.0       2,253                0.0         26,700,710       5,496 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 5) To not fill 
  the vacancy created 
  by the retirement 
  of Mike Bourne 
  who retires by 
  rotation and is 
  not offering himself 
  for reappointment 
  as a Director.           25,396,755               95.1   1,308,955                4.9         26,705,710         496 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 6) To re-appoint 
  Andrew Richmond 
  as a Director 
  of the Company.          26,704,530              100.0         180                0.0         26,704,710       1,496 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 7) To re-appoint 
  BDO LLP as auditors      26,695,908              100.0       1,008                0.0         26,696,916       9,290 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 8) To authorise 
  the Directors 
  to determine the 
  auditor's 
  remuneration.            26,705,710              100.0           0                0.0         26,705,710         496 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 9) To authorise 
  the directors 
  to allot shares          23,246,263               87.2   3,424,629               12.8         26,670,892      35,314 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 SPECIAL 
 10) Authority 
  to disapply 
  pre-emption 
  rights in connection 
  with the allotment 
  and issue of equity 
  securities for 
  cash in relation 
  to (i) share option 
  schemes; (ii) 
  rights issue or 
  similar offer; 
  or (iii) allotment 
  of equity securities 
  up to 5% of the 
  issued share capital     22,963,706               86.1   3,701,007               13.9         26,664,713      41,493 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 11) Authority 
  to disapply 
  pre-emption 
  rights to allot 
  equity securities 
  for cash                 26,402,727               99.0     267,598                1.0         26,670,325      35,881 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 12) Authority 
  to purchase own 
  shares on market         26,696,460              100.0       9,250                0.0         26,705,710         496 
                          -----------  -----------------  ----------  -----------------  -----------------  ---------- 
 

Votes which have been cast at the discretion of the Chairman have been counted as votes for the resolutions. Votes Withheld are not votes in law and do not count in the number of votes counted for or against a resolution.

ENQUIRIES

 
 Frontier IP Group Plc                          T: 020 3968 7815 
  Neil Crabb, Chief Executive                    [e-mail] 
  Andrew Johnson, Communications & Investor      M: 07464 546 025 
  Relations 
  Company website: www.frontierip.co.uk 
 Allenby Capital Limited (Nominated Adviser)    T: 0203 328 5656 
  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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGTLBITMTJMBBB

(END) Dow Jones Newswires

December 09, 2021 09:33 ET (14:33 GMT)