Last checked at 7 Apr 2016 07:00
AIM: FIPP
7 April 2016
FRONTIER IP GROUP PLC
("Frontier IP" or "the Company")
Grant of Options
Frontier IP, which specialises in the commercialisation of intellectual property, is pleased to announce that its Board has granted options over ordinary shares of 10p each in the Company to the directors below.
Options granted 7 April 2016 | Total options following grant
| |||
Neil Crabb | 350,000 | 935,000 | ||
Jacqueline McKay | 150,000 | 400,000 | ||
James Fish | 150,000 | 400,000 | ||
David Cairns | 75,000 | 325,000 |
All options are awarded under the Company's Share Option Scheme, the Frontier IP Group plc Employee Share Option Scheme 2011. The options have been awarded at an exercise price of 26.63 pence per share (the closing price of the ordinary shares on 6 April 2016) and the exercise period commences on the third anniversary of the date of grant and expires on the day preceding the tenth anniversary thereof.
Enquiries
Frontier IP Group Plc | T: 0131 240 1251 | |
Neil Crabb, Chief Executive | ||
Company website: www.frontierip.co.uk
| ||
Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) | T: 020 7894 7000 | |
David Foreman / Catherine Leftley, Corporate Finance | ||
Peterhouse Corporate Finance Limited (Joint Broker) | T: 020 7469 0935 | |
Lucy Williams | ||
Kreab (Financial PR) | T: 020 7074 1800 | |
Robert Speed / Matthew Jervois |
Notes to Editor:
Frontier IP Group plc
www.frontierip.co.uk.
Frontier IP specialises in assisting institutions and companies in the commercialisation and
exploitation of their intellectual property. It establishes formal and informal relationships with
sources of exploitable IP, principally universities. Its core business is building and growing a portfolio of equity stakes in spin‐out companies by taking an active involvement in the commercialisation and funding of these businesses.