Last checked at 9 Nov 2020 18:03
9 November 2020
Frontier IP Group plc
("Frontier IP" or the "Company")
Directors' Dealings
Frontier IP (AIM: FIPP), a specialist in commercialising intellectual property, has been informed by Michael Bourne, Non-Executive Director, that on 5 November 2020 his ISA purchased 148,000 ordinary shares in the Company ("Ordinary Shares") at 67p per share and that, on 5 November 2020, his SIPP sold 148,000 Ordinary Shares at 67p per share. Following these transactions, Mr Bourne continues to have an interest in 458,170 Ordinary Shares, representing approximately 0.83 per cent. of the current issued share capital of the Company.
The Company also announces that it has today been informed by Andrew Richmond, Non-Executive Chairman, that his SIPP has today purchased 150,000 Ordinary at 65.75p per share and that he has today sold 150,000 Ordinary Shares at 65.75p per share (including 75,000 Ordinary Shares from his ISA). Following these transactions, Mr Richmond continues to have an interest in 1,000,000 Ordinary Shares, representing approximately 1.82 per cent. of the current issued share capital of the Company.
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 Gerald 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 shares (ISA) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transactions | 5 November 2020 | ||||
f) | Place of the transaction | XLON, London Stock Exchange (AIM) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Michael Gerald 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 | Sale of shares (SIPP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transactions | 5 November 2020 | ||||
f) | Place of the transaction | XLON, London Stock Exchange (AIM) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Richmond | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Chairman | ||||
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 shares (SIPP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transactions | 09 November 2020 | ||||
f) | Place of the transaction | XLON, London Stock Exchange (AIM) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Richmond | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Chairman | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transactions | 09 November 2020 | ||||
f) | Place of the transaction | XLON, London Stock Exchange (AIM) | ||||
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 / James Hornigold | ||
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.