FIPP Frontier Ip Group Plc

TIDMFIPP

RNS Number : 3747M

Frontier IP Group plc

14 September 2023

AIM: FIPP

14 September 2023

Frontier IP Group Plc

("Frontier IP" or the "Group")

Exercise of Options, Issue of Equity

and

Total Voting Rights

Frontier IP, a specialist in commercialising intellectual property, announces that it has issued and allotted 47,000 ordinary shares of 10 pence each in the Group (the "New Ordinary Shares") following an exercise of 47,000 options on 13 September 2023. The options have been exercised as follows:

 
 Grant Date    Number of Options   Exercise Price 
 11 May 2017   47,000              40 pence 
 

The New Ordinary Shares have been issued pursuant to the exercise of options granted to an employee under the Frontier IP Group plc Employee Share Option Scheme 2011. The New Ordinary Shares rank, pari passu, in all respects with the Company's existing ordinary shares of 10p each ("Ordinary Shares").

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission of the 47,000 New Ordinary Shares to trading on AIM will become effective on, or around, 21 September 2023 ("Admission").

Total Voting Rights

Following Admission, the issued share capital of the Company will consist of 55,734,553 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 55,734,553. 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 
 Neil Crabb, Chief Executive                   neil@frontierip.co.uk 
  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 
  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.

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END

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(END) Dow Jones Newswires

September 14, 2023 02:00 ET (06:00 GMT)

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