15 Dec 2010 10:08
SGM
SIGMA CAPITAL GROUP PLC
("Sigma")
Schedule 1 for Frontier IP Group Plc
The following announcement has been released by Frontier IP Group Plc this morning. Sigma holds 77.43% of Frontier IP Group Plc's issued share capital:
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") |
COMPANY NAME: |
Frontier IP Group Plc ("Frontier IP")
|
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : |
Registered office: c/o Dundas & Wilson North West Wing Bush House Aldwych London WC2B 4EZ
Trading address: 41 Charlotte Square Edinburgh EH2 4HQ
|
COUNTRY OF INCORPORATION: |
England and Wales
|
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: |
www.frontierip.co.uk (to be updated for Rule 26 by Admission)
|
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: |
Frontier IP seeks to generate value through working with universities in the commercialisation of intellectual property ("IP") by establishing long-term relationship agreements, sharing in the successful commercialisation of IP and establishing long-term related venture funds.
Through this business model, Frontier IP generates revenue through a share of equity in spin-outs and income from licensing via the long-term relationship agreements, retainers and advisory fees from spin-out companies and establishing venture funds.
Frontier IP operates in the United Kingdom. At present, it has two long-term university relationship agreements with University of Dundee and Robert Gordon University, Aberdeen. In addition, it has one memorandum of understanding and one non-binding heads of terms agreement, as well as being in discussions with a number of other research institutions in the United Kingdom.
|
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): |
Ÿ ordinary shares of 10 pence each, to be issued at Ÿ pence. None will be held as treasury shares.
|
CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
On admission, Frontier IP will raise approximately £1 million. Anticipated market capitalisation will be approximately £4 million.
|
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
TBC
|
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED: |
None
|
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): |
Neil David Crabb - Executive Chairman Jacqueline (Jackie) Ann McKay - Partnership Director David John Cairns - Executive Director Marilyn Dawn Cole - Finance Director Timothy Bruce Cockroft - Non-executive Director Graham Fleming Barnet - Non-executive Director
|
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): |
Before admission: Sigma Capital Group Plc: 77.43% Hitchens, Harrison (Ventures) Limited: 4.12%
After admission: TBC
|
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
N/A
|
(i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: |
(i) 30 June (ii) 30 June 2010 (iii) Next three results to be published: a) Interim results for the 6 months to 31 December 2010 by 31 March 2011 b) Annual results for the 12 months to 30 June 2011 by 31 December 2011 c) Interim results for the 6 months to 31 December 2011 by 31 March 2012
|
EXPECTED ADMISSION DATE: |
31 December 2010
|
NAME AND ADDRESS OF NOMINATED ADVISER: |
Arbuthnot Securities Limited Arbuthnot House 20 Ropemaker Street London EC2Y 9AR
|
NAME AND ADDRESS OF BROKER: |
Arbuthnot Securities Limited Arbuthnot House 20 Ropemaker Street London EC2Y 9AR
|
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: |
A copy of the admission document containing full details of the applicant and the admission of its securities will be available at the Company's website, www.frontierip.co.uk.
|
DATE OF NOTIFICATION: |
15 December 2010
|
NEW/ UPDATE: |
New
|
Enquiries
Sigma Capital Group plc | Graham Barnet, Chief Executive Marilyn Cole, Finance Director | 0131 220 9444
|
Biddicks | Katie Tzouliadis / Sophie Lane | 020 7448 1000 |
Arbuthnot Securities Limited | Tom Griffiths / Ed Groome | 020 7012 2000 |