Frontier IP Group plc Grant of Options (1228W)
09 Dezembro 2019 - 4:00AM
UK Regulatory
TIDMFIPP
RNS Number : 1228W
Frontier IP Group plc
09 December 2019
9 December 2019
Frontier IP Group plc
("Frontier IP" or the "Company")
Grant of Options
Frontier IP Group plc (AIM: FIPP), a specialist in
commercialising university intellectual property, announces that,
on 6 December 2019, the Board granted options over ordinary shares
of 10 pence each in the Company ("Ordinary Shares") to certain
Executive Directors and personnel of the Company (the
"Options").
The Options have been granted pursuant to the Company's share
option scheme, the Frontier IP Group plc Employee Share Option
Scheme 2011 as adopted by the Board of Directors of the Company on
30 November 2012 and amended by the Board of Directors of the
Company on 26 March 2018. Certain of the Options have an exercise
price of 66 pence, being the closing offer price of an existing
ordinary share on 6 December 2019, and certain Options have been
granted at an exercise price of 10 pence, being the nominal value
of an Ordinary Share.
The Options have been granted as follows:
Name No. of Options No. of Options Total options
granted with granted with over Ordinary
exercise price exercise price Shares held
of 66p of 10p following grant
Neil Crabb 38,185 184,565 1,426,750
Jackie McKay 35,862 173,333 840,195
Jim Fish 35,862 173,333 840,195
Matthew White 35,862 173,333 345,195
Other Company personnel 767,200 45,841 1,443,041
Total Options 912,971 750,405 4,895,376
At the Company's 2017 AGM, the Board received the approval of
shareholders for certain amendments to the Company's Employee Share
Option Scheme 2011, including allowing the grant of options at
nominal cost. The Options have been granted in line with the aim of
the Company's remuneration policy which is to incentivise and
reward appropriately in order to attract and retain the best people
in support of the Group's strategy.
The exercise period commences on the third anniversary of the
date of grant and expires on the day preceding the tenth
anniversary thereof. Following today's grant, the Company now has a
total of 4,895,376 options outstanding over Ordinary Shares,
representing 9.7% of the Company's current issued share capital.
Following the revisions to the Employee Share Option Scheme 2011
and the passing of the resolutions at the Company's 2017 AGM, the
maximum number of Ordinary Shares that may be subject to options in
any ten-year period is 15% of the issued ordinary share
capital.
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 Neil Crabb
-------------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------- --------------------------------------------
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 Options over ordinary shares of
instrument, type of instrument 10p each in Frontier IP Group Plc
Identification code
Identification code (ISIN) for Frontier
IP Group Plc ordinary shares: GB00B63PS212
-------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
66 pence 38,185
----------
10 pence 184,565
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- --------------------------------------------
e) Date of the transactions 6 December 2019
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jackie McKay
-------------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
-------------------------------- --------------------------------------------
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 Options over ordinary shares of
instrument, type of instrument 10p each in Frontier IP Group Plc
Identification code
Identification code (ISIN) for Frontier
IP Group Plc ordinary shares: GB00B63PS212
-------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
66 pence 35,862
----------
10 pence 173,333
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- --------------------------------------------
e) Date of the transactions 6 December 2019
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jim Fish
-------------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- --------------------------------------------
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 Options over ordinary shares of
instrument, type of instrument 10p each in Frontier IP Group Plc
Identification code
Identification code (ISIN) for Frontier
IP Group Plc ordinary shares: GB00B63PS212
-------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
66 pence 35,862
----------
10 pence 173,333
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- --------------------------------------------
e) Date of the transactions 6 December 2019
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Matthew White
-------------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Chief Commercialisation Officer
-------------------------------- --------------------------------------------
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 Options over ordinary shares of
instrument, type of instrument 10p each in Frontier IP Group Plc
Identification code
Identification code (ISIN) for Frontier
IP Group Plc ordinary shares: GB00B63PS212
-------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
66 pence 35,862
----------
10 pence 173,333
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- --------------------------------------------
e) Date of the transactions 6 December 2019
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------------
The information set out in this announcement is provided in
accordance with the requirements of Article 19(3) of the EU Market
Abuse Regulation No 596/2014.
Enquiries
Frontier IP Group plc 0207 332 2338
Neil Crabb, Chief Executive
Andrew Johnson, Communications & Investor
Relations 07464 546 025
www.frontierip.co.uk
Allenby Capital Limited (Nominated Adviser) 0203 328 5656
Nick Athanas / Nicholas Chambers
N+1 Singer (Broker) 0207 496 3000
Harry Gooden / George Tzimas
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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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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December 09, 2019 02:00 ET (07:00 GMT)
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