Frontier IP Group plc Exercise of Options and Issue of Equity (9833W)
16 Dicembre 2019 - 11:36AM
UK Regulatory
TIDMFIPP
RNS Number : 9833W
Frontier IP Group plc
16 December 2019
16 December 2019
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 university
intellectual property, announces that the Board of Directors
approved the issue and allotment of 250,000 Ordinary Shares of 10
pence each in the Group (the "New Ordinary Shares") subject to and
conditional upon admission to trading on AIM. The New Ordinary
Shares have been issued in order to satisfy an exercise of 250,000
options held by an existing employee. The exercise price was 26.63
pence. The options had been granted under the Frontier IP Group plc
Employee Share Option Scheme 2011.
The Group will shortly make an application to the London Stock
Exchange for the admission to trading on AIM ("Admission") of
250,000 New Ordinary Shares. The New Ordinary Shares rank pari
passu in all respects with the Company's existing ordinary shares
and Admission is expected to become effective at 8:00 a.m. on 20
December 2019.
Following the anticipated admission of these shares, the total
number of ordinary shares of 10 pence each in the capital of the
Company in issue will be 50,681,372 with each share carrying the
right to one vote.
The figure of 50,681,372 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 Disclosure and Transparency Rules.
Enquiries
Frontier IP Group plc 0207 332 2338
Neil Crabb, Chief Executive
Andrew Johnson, Communications & Investor
Relations 07464 546 025
www.frontierip.co.uk
Allenby Capital Limited (Nominated Adviser) 0203 328 5656
Nick Athanas / Nicholas Chambers
N+1 Singer (Broker) 0207 496 3000
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.
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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