31 Dec 2010 07:01
SGM
31 December 2010
SIGMA CAPITAL GROUP PLC
("Sigma")
Re: Frontier IP Group Plc
The Board of Sigma notes that the following trading update has been released by Frontier IP Group Plc ("Frontier IP" or "the Group") this morning. Sigma holds 77.43% of Frontier IP's issued share capital.
"Trading Update
Frontier IP has made encouraging progress in the first half of its financial year. The Board expects the Group to deliver total revenues for the full year significantly ahead of market expectations, in particular driven by an IFRS uplift in the value of its portfolio.
As announced on 14 December 2010, Frontier IP is seeking admission to AIM and the Board now expects admission to be completed in January 2011 together with a proposed fund raising."
Enquiries:
Sigma Capital Group plc | Graham Barnet, Chief Executive Marilyn Cole, Finance Director | 0131 220 9444
|
Biddicks | Katie Tzouliadis / Sophie Lane | 020 3178 6378 |
Arbuthnot Securities Limited | Tom Griffiths / Ed Groome | 020 7012 2000 |