21 November 2018
Frontier IP Group plc
("Frontier IP" or the "Company")
Total Voting Rights and Director/PDMR Shareholdings
Frontier IP, which specialises in commercialising university intellectual property, announces that the 3,827,852 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") issued pursuant to the placing announced on 15 November 2018 (the "Placing") have today been admitted to trading on AIM ("Admission") and the Placing has completed. The Company's issued share capital now consists of 42,106,372 Ordinary Shares with one voting right each. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company is 42,106,372.
This figure may be used by Shareholders 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.
Director/PDMR Shareholdings
Michael Bourne, Non-Executive Director of the Company, subscribed for 32,932 Ordinary Shares in the Placing at a price of 65 pence per share and now holds a total interest in 303,170 Ordinary Shares, equivalent to 0.72 per cent. of the Company's enlarged ordinary share capital. Details of this purchase were included in the announcement on 15 November 2018.
Following Admission, the Directors' beneficial shareholdings are as follows:
Director |
Interest in Ordinary Shares upon Admission |
Percentage of voting rights in the Company upon Admission |
Andrew Richmond (Non-executive Chairman) |
1,000,000 |
2.37 |
Neil Crabb (Chief Executive Officer) |
2,834,168 |
6.73 |
James Fish (Finance Director) |
100,000 |
0.23 |
Jacqueline McKay (Chief Operating Officer) |
12,855 |
0.03 |
David Cairns (Portfolio Director) |
840,238 |
1.99 |
Michael Bourne (Non-executive Director) |
303,170 |
0.72 |
Campbell Wilson (Non-executive Director) |
- |
- |
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 |
Michael Bourne |
2 |
Reason for the notification |
a) |
Position/status |
Non-Executive 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 instrument, type of instrument Identification code |
Ordinary shares of 10p each in Frontier IP Group Plc Identification code (ISIN) for Frontier IP Group Plc ordinary shares: GB00B63PS212 |
b) |
Nature of the transaction |
Purchase of Ordinary Shares |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
65.00p |
32,932 |
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
e) |
Date of the transactions |
21 November 2018 |
f) |
Place of the transaction |
Outside a Trading Venue - placing of new ordinary shares |
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 Relations |
M: 07464 546 025 |
www.frontierip.co.uk |
|
|
|
Allenby Capital Limited (Nominated Adviser and Broker) |
T: 0203 328 5656 |
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.
