31 Jan 2011 08:01
SGM
Sigma Capital Group plc
("Sigma" or the "Company")
Re Frontier IP Group Plc
Admission to AIM
Sigma, the specialist asset management and advisory group, is pleased to note that shares in Frontier IP Group Plc ("Frontier IP") have today been admitted to trading on AIM. For further details, see Frontier IP's separate announcement issued this morning.
Following Admission, Sigma's shareholding in Frontier IP has reduced from 77.4% to 46.7%. Therefore, as previously indicated, Frontier IP will be treated as an associate company rather than as a subsidiary in Sigma's accounts and accounted for as an investment, at fair value, in Sigma's balance sheet.
Graham Barnet, CEO of Sigma, commented,
"We are delighted that Frontier IP has successfully completed its Admission to AIM. With the independent financial platform which the AIM quotation provides, Frontier IP has the foundations in place to take advantage of the growth opportunities in the IP commercialisation industry and I am confident that the business will continue to make further progress going forward."
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 |