Business
Exercise of Options & Total Voting Rights
Exercise of Options & Total Voting Rights.
About this update from Frontier Ip Group Plc
[{"type":"text","content":"\n\n\nAIM: FIPP\n14 September 2023\n \nFrontier IP Group Plc\n(\"Frontier IP\" or the \"Group\")\n \nExercise of Options, Issue of Equity\nand\nTotal Voting Rights\n \nFrontier IP, a specialist in commercialising intellectual property, announces that it has issued and allotted 47,000 ordinary shares of 10 pence each in the Group (the \"New Ordinary Shares\") following an exercise of 47,000 options on 13 September 2023. The options have been exercised as follows:\n \n\n\n\n\nGrant Date\n\n\nNumber of Options\n\n\nExercise Price\n\n\n\n\n11 May 2017\n\n\n47,000\n\n\n40 pence\n\n\n\n\n \nThe New Ordinary Shares have been issued pursuant to the exercise of options granted to an employee under the Frontier IP Group plc Employee Share Option Scheme 2011. The New Ordinary Shares rank, pari passu, in all respects with the Company's existing ordinary shares of 10p each (\"Ordinary Shares\"). \n \nApplication has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission of the 47,000 New Ordinary Shares to trading on AIM will become effective on, or around, 21 September 2023 (\"Admission\").\n \nTotal Voting Rights\nFollowing Admission, the issued share capital of the Company will consist of 55,734,553 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 55,734,553. From 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 \n \nENQUIRIES\n \n\n\n\n\nFrontier IP Group Plc\n\n\nT: 020 3968 7815\n\n\n\n\nNeil Crabb, Chief Executive\nAndrew Johnson, Communications & Investor Relations\nCompany website: www.frontierip.co.uk\n \n\n\[email protected]\nM: 07464 546 025\n\n\n\n\nAllenby Capital Limited (Nominated Adviser)\nNick Athanas / George Payne\n \n\n\nT: 0203 328 5656\n\n\n\n\nSinger Capital Markets (Broker)\nHarry Gooden / James Fischer\n \n \n\n\nT: 0207 496 3000\n\n\n\n\n \nAB...