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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Frontier Ip Group Plc | LSE:FIPP | London | Ordinary Share | GB00B63PS212 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 43.50 | 42.00 | 45.00 | 43.50 | 43.50 | 43.50 | 26,111 | 07:30:33 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 372k | -3.24M | -0.0580 | -7.50 | 24.32M |
From Apr 2019 to Apr 2024
TIDMFIPP
RNS Number : 5087H
Frontier IP Group plc
15 November 2018
15 November 2018
Frontier IP Group plc
("Frontier IP" or the "Company")
Grant of Options
Frontier IP, which specialises in commercialising university intellectual property, announces that the Board has today granted options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain Executive Directors and personnel of the Company (the "Options").
The Options have been granted pursuant to the Company's share option scheme, the Frontier IP Group plc Employee Share Option Scheme 2011 as adopted by the Board of Directors of the Company on 30 November 2012 and amended by the Board of Directors of the Company on 26 March 2018. Certain of the Options have an exercise price of 65 pence, being the price at which the Company today completed a placing to raise GBP2.49 million, and certain Options have been granted at an exercise price of 10 pence, being the nominal value of an Ordinary Share.
The Options have been granted as follows:
Hot Features
Premium
Name No. of Options No. of Options Total options
granted with granted with over Ordinary
exercise price exercise price Shares held
of 65p of 10p following grant
Neil Crabb 50,000 95,000 1,204,000
Jackie McKay 47,000 89,000 631,000
Jim Fish 47,000 89,000 631,000
David Cairns 14,000 26,000 405,000
Matthew White 47,000 89,000 136,000
Other Company Personnel 87,000 151,000 630,000
Total Options granted 292,000 539,000 3,637,000
At the Company's 2017 AGM, the Board received the approval of shareholders for certain amendments to the Company's Employee Share Option Scheme 2011, including allowing the grant of options at nominal cost. The Options have been granted in line with the aim of the Company's remuneration policy which is to incentivise and reward appropriately in order to attract and retain the best people in support of the Group's strategy.
The exercise period commences on the third anniversary of the date of grant and expires on the day preceding the tenth anniversary thereof. Following today's grant, the Company now has a total of 3,637,000 options outstanding over Ordinary Shares, representing 9.5% of the Company's current issued share capital. Following the revisions to the Employee Share Option Scheme 2011 and the passing of the resolutions at the Company's 2017 AGM, the maximum number of Ordinary Shares that may be subject to options in any ten-year period is 15% of the issued ordinary share capital.
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 Grant of options
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
65 pence 50,000
----------
10 pence 95,000
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- --------------------------------------------
e) Date of the transactions 15 November 2018
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jackie 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 Grant of options
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
65 pence 47,000
----------
10 pence 89,000
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- --------------------------------------------
e) Date of the transactions 15 November 2018
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jim Fish
-------------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Finance Director
-------------------------------- --------------------------------------------
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 Grant of options
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
65 pence 47,000
----------
10 pence 89,000
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- --------------------------------------------
e) Date of the transactions 15 November 2018
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Cairns
-------------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Portfolio Director
-------------------------------- --------------------------------------------
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 Grant of options
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
65 pence 14,000
----------
10 pence 26,000
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- --------------------------------------------
e) Date of the transactions 15 November 2018
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Matthew White
-------------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Director of Commercialisation (not
a member of the board of directors)
-------------------------------- --------------------------------------------
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 Grant of options
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
65 pence 47,000
----------
10 pence 89,000
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- --------------------------------------------
e) Date of the transactions 15 November 2018
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
The information set out in this announcement is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
Enquiries:
Frontier IP Group plc T: 0131 240 1251 Neil Crabb, Chief Executive Andrew Johnson, Communications & Investor M: 07464 546 Relations 025 www.frontierip.co.uk Allenby Capital Limited (Nominated Adviser T: 0203 328 5656 and Broker) Nick Athanas / Nicholas Chambers (Corporate Finance) Amrit Nahal (Equity Sales)
Notes to Editors:
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.
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 rns@lseg.com or visit www.rns.com.
END
DSHLLFVFLELELIT
(END) Dow Jones Newswires
November 15, 2018 07:37 ET (12:37 GMT)
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