Directors' Dealings

RNS Number : 7419E

Frontier IP Group plc

09 November 2020

 

9 November 2020

Frontier IP Group plc

("Frontier IP" or the "Company")

Directors' Dealings

Frontier IP (AIM: FIPP), a specialist in commercialising intellectual property, has been informed by Michael Bourne, Non-Executive Director, that on 5 November 2020 his ISA purchased 148,000 ordinary shares in the Company ("Ordinary Shares") at 67 p per share and that, on 5 November 2020, his SIPP sold 148,000 Ordinary Shares at 67 p per share. Following these transactions, Mr Bourne continues to have an interest in 458,170 Ordinary Shares, representing approximately 0.83 per cent. of the current issued share capital of the Company.

The Company also announces that it has today been informed by Andrew Richmond, Non-Executive Chairman, that his SIPP has today purchased 150,000 Ordinary at 65.75 p per share and that he has today sold 150,000 Ordinary Shares at 65.75 p per share (including 75,000 Ordinary Shares from his ISA). Following these transactions, Mr Richmond continues to have an interest in 1,000,000 Ordinary Shares, representing approximately 1.82 per cent. of the current issued share capital of the Company.

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	Michael Gerald Bourne
2	Reason for the notification
a)	Position/status	Non-Executive Director
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 each in Frontier IP Group Plc Identification code (ISIN) for Frontier IP Group Plc ordinary shares: GB00B63PS212
b)	Nature of the transaction	Purchase of shares (ISA)
c)	Price(s) and volume(s)	Price(s) Volume(s) 67p 148,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	5 November 2020
f)	Place of the transaction	XLON, London Stock Exchange (AIM)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Gerald Bourne
2	Reason for the notification
a)	Position/status	Non-Executive Director
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 each in Frontier IP Group Plc Identification code (ISIN) for Frontier IP Group Plc ordinary shares: GB00B63PS212
b)	Nature of the transaction	Sale of shares (SIPP)
c)	Price(s) and volume(s)	Price(s) Volume(s) 67p 148,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	5 November 2020
f)	Place of the transaction	XLON, London Stock Exchange (AIM)

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 each in Frontier IP Group Plc Identification code (ISIN) for Frontier IP Group Plc ordinary shares: GB00B63PS212
b)	Nature of the transaction	Purchase of shares (SIPP)
c)	Price(s) and volume(s)	Price(s) Volume(s) 65.75p 150,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	09 November 2020
f)	Place of the transaction	XLON, London Stock Exchange (AIM)

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 each in Frontier IP Group Plc Identification code (ISIN) for Frontier IP Group Plc ordinary shares: GB00B63PS212
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 65.75p 150,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	09 November 2020
f)	Place of the transaction	XLON, London Stock Exchange (AIM)

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 / James Hornigold
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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