Business
Exercise of Options & Director/PDMR Shareholdings
Exercise of Options & Director/PDMR Shareholdings.
About this update from Frontier Ip Group Plc
[{"type":"text","content":"\n\nRNS\nAIM: FIPP\n30 November 2023\n \n \nFrontier IP Group plc\n \n(\"Frontier IP\" or the \"Company\")\n \nExercise of Options & Director/PDMR Shareholdings\nand\nTotal Voting Rights\n \nFrontier IP (AIM: FIPP), a specialist in commercialising intellectual property, announces that, on 29 November 2023, Jim Fish (Chief Financial Officer) exercised options to acquire 250,000 ordinary shares of 10 pence each in the Company (\"Ordinary Shares\") pursuant to the terms of the Company's EMI Share Option Scheme. These options were awarded on 1 April 2014. The options have an exercise price of 26.88p and, if unexercised, the options would have lapsed on 31 March 2024. The exercise of these options will generate proceeds of £67,200 for the Company.\nDetails of the transactions undertaken are set out below:\n\n\n\n\nDirector\n \n\n\nNo of Ordinary Shares over which options have been exercised\n \n\n\nInterests in Ordinary Shares following the exercise\n \n\n\nInterests in Ordinary Shares held as a percentage of the Company's enlarged share capital\n \n\n\n\n\nJim Fish\n\n\n250,000\n\n\n350,000\n\n\n0.62%\n\n\n\n\n \nApplication has been made for the 250,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will occur on or around 7 December 2023.\nIn addition, on 29 November 2023, Jacqueline McKay (Chief Operating Officer) transferred 44,000 Ordinary Shares from her personal holding to her self-invested personal pension (\"SIPP\"). Following the transfer, the beneficial interest of Jacqueline McKay in the Group's Ordinary Shares remains unchanged at 262,855 Ordinary Shares representing 0.47 per cent. of the Group's current issued share capital.\nThe notifications and public disclosure of transactions by persons discharging managerial responsibilities in accordance with the requirements of the EU Market Abuse Regulation, which forms part of Domestic UK Law pursuant to the European Union (Withdrawal) Act 2018, are appended below.\nTotal Voting Rights\nUpon Admission, the Company's issued share capital will consist of 56,166,946 Ordinary Shares with one voting right each. 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 56,166,9...