Result of AGM

RNS Number : 1727V

Frontier IP Group plc

09 December 2021

 

RNS

AIM: FIPP

9 December 2021

Frontier IP Group plc

("Frontier IP", the "Group" or "the Company")

Result of Annual General Meeting

Directorate Change

Frontier IP (AIM: FIPP), a specialist in commercialising intellectual property, announces that at its annual general meeting, held earlier today, all resolutions were duly passed with the table below summarising proxy votes received.

The Company also confirms, as announced on 28 October 2021, that Michael Bourne has not sought re-election as a director at today's annual general meeting and has stepped down from his non-executive role at Frontier IP with effect from today.

RESOLUTIONS	NO OF VOTES FOR	% OF VOTES CAST (EXCLUDING VOTES WITHELD)	NO OF VOTES AGAINST	% OF VOTES CAST (EXCLUDING VOTES WITHELD)	TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD)	NO OF VOTES WITHHELD
ORDINARY
1) To receive the audited consolidated financial statements of the Company and its subsidiaries for the year ended 30 June 2021, together with the reports of the Directors and the Auditor thereon.	26,703,251	100.0	0	0.0	26,703,251	2,955
2) To approve the report of the Board to the members on directors' remuneration for the year ended 30 June 2021	23,269,124	87.2	3,425,809	12.8	26,694,933	11,273
3) To re-appoint Matthew White as a Director of the Company, who retires by rotation and, being eligible, is offering himself for reappointment.	25,425,961	95.2	1,274,749	4.8	26,700,710	5,496
4) To re-elect Professor Dame Julia King, Baroness Brown of Cambridge as a Director of the Company, who, having been appointed since the previous annual general meeting, is retiring and, being eligible, is offering herself for re-election.	26,698,457	100.0	2,253	0.0	26,700,710	5,496
5) To not fill the vacancy created by the retirement of Mike Bourne who retires by rotation and is not offering himself for reappointment as a Director.	25,396,755	95.1	1,308,955	4.9	26,705,710	496
6) To re-appoint Andrew Richmond as a Director of the Company.	26,704,530	100.0	180	0.0	26,704,710	1,496
7) To re-appoint BDO LLP as auditors	26,695,908	100.0	1,008	0.0	26,696,916	9,290
8) To authorise the Directors to determine the auditor's remuneration.	26,705,710	100.0	0	0.0	26,705,710	496
9) To authorise the directors to allot shares	23,246,263	87.2	3,424,629	12.8	26,670,892	35,314
SPECIAL
10) Authority to disapply pre-emption rights in connection with the allotment and issue of equity securities for cash in relation to (i) share option schemes; (ii) rights issue or similar offer; or (iii) allotment of equity securities up to 5% of the issued share capital	22,963,706	86.1	3,701,007	13.9	26,664,713	41,493
11) Authority to disapply pre-emption rights to allot equity securities for cash	26,402,727	99.0	267,598	1.0	26,670,325	35,881
12) Authority to purchase own shares on market	26,696,460	100.0	9,250	0.0	26,705,710	496

Votes which have been cast at the discretion of the Chairman have been counted as votes for the resolutions. Votes Withheld are not votes in law and do not count in the number of votes counted for or against a resolution.

ENQUIRIES

Frontier IP Group Plc Neil Crabb, Chief Executive Andrew Johnson, Communications & Investor Relations Company website: www.frontierip.co.uk	T: 020 3968 7815 [e-mail] M: 07464 546 025
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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