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Last checked at 
16 Dec 2019 10:36
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 |
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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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