Frontier IP Group plc Director exercise of options, shareholding and TVR (0324Z)
May 15 2019 - 2:01AM
UK Regulatory
TIDMFIPP
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
---------------------------- ----------------------------------
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
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