Frontier IP Group plc Director exercise of options, shareholding and TVR (0324Z)

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RNS Number : 0324Z

Frontier IP Group plc

15 May 2019

15 May 2019

Frontier IP Group Plc

("Frontier IP" or the "Group")

Exercise of options by a director

Notification of a transaction by Director/PDMR shareholdings and

Change to total voting rights

Frontier IP, a specialist in commercialising university intellectual property, announces that David Cairns (Portfolio Director) has, on 14 May 2019, exercised options over a total of 325,000 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"). The options had been granted to David Cairns under the Frontier IP Group plc Employee Share Option Scheme 2011 and have been exercised as follows:

 
Grant Date         Number of   Exercise Price 
                    Options 
15 January 2013      195,782           15.00p 
1 April 2014          54,218           26.88p 
7 April 2016          75,000           26.63p 
 

Application will be made to the London Stock Exchange for admission to trading of 325,000 new Ordinary Shares and dealings on AIM are expected to become effective on 21 May 2019 ("Admission"). The New Ordinary Shares rank, pari passu, in all respects with the Company's existing ordinary shares

At Admission David Cairns will be beneficially interested in 1,165,238 Ordinary Shares in Frontier IP, equal to approximately 2.75 per cent. of the issued share capital and voting rights of the Company.

Total Voting Rights

Following Admission, the issued share capital of the Company will consist of 42,431,372 ordinary shares of 10p each ("Ordinary Shares"), with one voting right per share. 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 42,431,372.

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.

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the transactions described above.

ENQUIRIES

 
 
 Frontier IP Group Plc                        T: 0131 240 1251 
 Neil Crabb, Chief Executive Officer 
 Andrew Johnson, Communications & Investor    M: 07464 546 025 
  Relations 
 
 Allenby Capital Limited (Nominated Adviser   T: 0203 328 5656 
  and Broker) 
 Nick Athanas 
 Nicholas Chambers 
 

ABOUT FRONTIER IP: www.frontierip.co.uk

Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services.

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                          David Cairns 
     ----------------------------  ---------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status               Director (PDMR) 
     ----------------------------  ---------------------------------- 
 b)   Initial                       Initial notification 
       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                   Ordinary shares of 10p 
       of the financial 
       instrument, 
       type of                       GB00B63PS212 
       instrument 
       Identification 
       code 
     ----------------------------  ---------------------------------- 
 b)   Nature of                     Exercise of options 
       the transaction 
     ----------------------------  ---------------------------------- 
 c)   Price(s)                       Price(s)   Volume(s) 
       and volume(s)                  15.00p     195,782 
                                       26.88p     54,218 
                                       26.63p     75,000 
                                                ---------- 
     ----------------------------  ---------------------------------- 
 d)   Aggregated                      n/a 
       information 
       - Aggregated 
       volume 
       - Price 
     ----------------------------  ---------------------------------- 
 

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END

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May 15, 2019 02:00 ET (06:00 GMT)