RNS
AIM: FIPP
11 November 2022
Frontier IP Group plc
("Frontier IP" or the "Group")
Director/PDMR Dealing
Frontier IP, a specialist in commercialising intellectual property, announces that Andrew Richmond, Non-Executive Chairman, has, between 9 November 2022 and 11 November 2022, sold a total of 150,000 ordinary shares of 10p each ("Ordinary Shares") in Frontier IP, at an average price of 69.0 pence per share.
Following the sale, Andrew Richmond has an interest in 850,000 Ordinary Shares, representing 1.55% of the Group's issued share capital.
The notification below, which has been made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
| a) | Name | Andrew Richmond
| ||||||||||
| 2 | Reason for the notification | |||||||||||
| a) | Position/status | Non-Executive Chairman
| ||||||||||
| b)
| Initial notification /Amendment | Initial notification | ||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
| a) | Name | Frontier IP Group plc
| ||||||||||
| b) | LEI | 213800BRYUKQPJWKJ312
| ||||||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||
| a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10p
ISIN: GB00B63PS212
| ||||||||||
| b) | Nature of the transaction | Sale of Ordinary Shares
| ||||||||||
| c) | Price(s) and volume(s)
|
| ||||||||||
| d) | Aggregated information
- Aggregated volume
- Price
- Aggregate amount
|
150,000
Average price of 69 pence per share
£103,500 | ||||||||||
| e) | Date of the transactions | 9 November 2022, 10 November 2022 and 11 November 2022
| ||||||||||
| f) | Place of the transaction | London Stock Exchange (AIM)
| ||||||||||
ENQUIRIES
| Frontier IP Group Plc Neil Crabb, Chief Executive
Andrew Johnson, Communications & Investor Relations Company website: www.frontierip.co.uk
| T: 020 3968 7815 neil@frontierip.co.uk
M: 07464 546 025 andrew.johnson@frontierip.co.uk
|
| Allenby Capital Limited (Nominated Adviser) Nick Athanas / George Payne
| T: 0203 328 5656 |
| Singer Capital Markets (Broker) Sandy Fraser / Harry Gooden / George Tzimas | T: 0207 496 3000
|
ABOUT FRONTIER IP
Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services. A critical part of the Group's work is involving relevant industry partners at an early stage of development to ensure technology meets real world demands and needs.
The Group looks to build and grow a portfolio of equity stakes and licence income by taking an active involvement in spin-out companies, including support for fund raising and collaboration with relevant industry partners at an early stage of development.
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