Business
Director exercise of options, shareholding and TVR
Director exercise of options, shareholding and TVR.
About this update from Frontier Ip Group Plc
[{"type":"text","content":"\n \nRNS Number : 0324Z Frontier IP Group plc 15 May 2019 \n\n15 May 2019\nFrontier IP Group Plc\n(\"Frontier IP\" or the \"Group\")\n \nExercise of options by a director\nNotification of a transaction by Director/PDMR shareholdings and\nChange to total voting rights\n \nFrontier IP, a specialist in commercialising university intellectual property, announces that David Cairns (Portfolio Director) has, on 14 May 2019, exercised options over a total of 325,000 ordinary shares of 10 pence each in the capital of the Company (\"Ordinary Shares\"). The options had been granted to David Cairns under the Frontier IP Group plc Employee Share Option Scheme 2011 and have been exercised as follows:\n \n\n\n\nGrant Date\n\n\nNumber of Options\n\n\nExercise Price\n\n\n\n\n15 January 2013\n\n\n195,782\n\n\n15.00p\n\n\n\n\n1 April 2014\n\n\n54,218\n\n\n26.88p\n\n\n\n\n7 April 2016\n\n\n75,000\n\n\n26.63p\n\n\n\n \nApplication will be made to the London Stock Exchange for admission to trading of 325,000 new Ordinary Shares and dealings on AIM are expected to become effective on 21 May 2019 (\"Admission\"). The New Ordinary Shares rank, pari passu, in all respects with the Company's existing ordinary shares\n \nAt Admission David Cairns will be beneficially interested in 1,165,238 Ordinary Shares in Frontier IP, equal to approximately 2.75 per cent. of the issued share capital and voting rights of the Company.\n \nTotal Voting Rights\n \nFollowing Admission, the issued share capital of the Company will consist of 42,431,372 ordinary shares of 10p each (\"Ordinary Shares\"), with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 42,431,372.\n \nFrom Admission, this figure 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 FCA's Disclosure Guidance and Transparency Rules.\n \nThe FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the transactions described above.\n \nENQUIRIES\n\n\n\n\n\n\n\n\n\n&nb...