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Director exercise of options, shareholding and TVR

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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 Options

Exercise Price

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 Relations

M: 07464 546 025



Allenby Capital Limited (Nominated Adviser and Broker)

T: 0203 328 5656

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 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 instrument, type of instrument

Identification code

Ordinary shares of 10p

 

 

GB00B63PS212

b)

 

Nature of the transaction

Exercise of options

c)

 

Price(s) and volume(s)

Price(s) 

Volume(s)

15.00p

26.88p

26.63p

 

195,782

54,218

75,000

d)

 

Aggregated information

- Aggregated volume

- Price

  n/a

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
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Market Cap: £24.4 m
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