17 Feb 2016 16:34
For immediate release
17 February 2016
Frontier Resources International Plc
("Frontier" or the "Company")
Completion of subscription
and Board changes
The Board of Frontier (AIM Ticker: FRI) announces that the direct subscription of 4,750,000,000 new ordinary shares of 0.01p each to raise £1,425,000 before expenses (the "Subscription") completed today and the new shares have been admitted to trading on AIM.
In addition, as previously announced, Adam Reynolds has today been appointed to the Board as Chairman of the Company and Jack Keyes and John O'Donovan have ceased to be directors of Frontier.
Total voting rights
Following the issue of the Subscription shares, the Company's issued share capital consists of 5,111,999,056 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation 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 Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries:
Frontier Resources International Plc Adam Reynolds, Chairman |
Tel: +44 (0) 7785 908158 |
Beaumont Cornish (Nomad) Michael Cornish Emily Staples |
Tel: +44 (0)20 7628 3396 |
Beaufort Securities Limited (Broker) Jon Belliss
|
Tel: +44 (0)20 7382 8300 |
A copy of this announcement is available from the Company's website www.friplc.com
APPENDIX
The following information is disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies:
Adam Reynolds, aged 53, has held the following directorships and / or partnerships in the past 5 years:
Current: | Past: |
Ocutec Eyecare Limited | Bcomp 415 Limited |
Premaitha Health plc | Biolustre UK Ltd |
Optibiotix Health plc | Wallgate Group plc |
Autoclenz Group Limited | Wilton International Marketing Limited |
Hubco Investments plc | Alan Bailey (Studios) Limited |
Reyco Limited | Hansard Corporate Limited |
Medavinci Gold Limited | Chalton Consulting Limited |
Emotion Fitness Limited | React Group plc |
Orogen Gold plc | Hub Capital Partners Limited |
Boldwood Limited | Velvet Consultancy Ltd |
EKF Diagnostics Holdings plc | Porta Communications Plc |
Autoclenz Holdings Limited | Diablo Consulting Limited |
New World Oil & Gas Limited | Bcomp 429 Limited |
RNR Holdings Limited | Venn Life Sciences Holdings plc |
| Bcomp 416 Limited |
| Autoclenz Group Limited |
Wallgate Group plc
Mr Reynolds was appointed as a director of Wallgate Group plc on 3 July 2008 and resigned on 28 November 2008. Wallgate Group plc was put into administration on 12 December 2008 and became subject to creditors' voluntary liquidation on 15 December 2009. The liquidator's statement of receipts of payments to 25 February 2011 showed a creditor shortfall of £419,782.12. Wallgate Group plc was subsequently dissolved on 1 June 2011.
Greenhills plc
Mr Reynolds was appointed as a director of Greenhills plc on 22 December 1994. He resigned on 24 January 1996. Greenhills plc was put into receivership on 8 August 1996, and an order to wind the company up was made on 19 February 1997. The receiver's abstract of receipts and payments to 6 July 1998 showed a creditor shortfall of £216,877.32. Greenhills plc was subsequently dissolved on 2 January 2001.
Wilton International Marketing Limited
Mr Reynolds was appointed as a director of Wilton International Marketing Limited on 10 June 2005. Wilton International Marketing Limited was put into voluntary liquidation on 14 October 2013 and was subsequently dissolved on 1 August 2014 with no shortfall to creditors.
There is no further information to be disclosed in relation to Mr Reynolds pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.
ENDS