AGM Statement

RNS Number : 6220U

Frontier IP Group plc

04 December 2013

 



AIM: FIPP

Frontier IP Group Plc

("Frontier IP")

AGM Statement

Frontier IP, which specialises in the commercialisation of university intellectual property, will be holding its Annual General Meeting today and Chairman, Andrew Richmond, will make the following statement on trading,

"Frontier IP made encouraging progress in the last financial year and we were pleased to report in November the establishment of a new spin-out company, PulsiV Solar Limited, under our long-term IP commercialisation relationship with Plymouth University. 

We are currently focused on assisting a number of our portfolio companies in fundraisings, which are anticipated to complete in the current financial year.  Their successful completion will materially benefit Frontier IP's full year results, reflecting upward revaluations of investments as well as advisory fees. In addition, we anticipate further additions to the Group's portfolio over the remainder of the year.

I look forward to updating shareholders in due course."

Enquiries

Frontier IP Group Plc	Neil Crabb, Chief Executive			T: 0131 220 9491
www.frontierip.co.uk
Cantor Fitzgerald Europe	Mark Percy/ Catherine Leftley			T: 020 7894 7000
(Nominated Adviser and Joint Broker)	David Banks / Paul Jewell
Peterhouse Corporate Finance Limited (Joint Broker)	Jon Levinson/ Lucy Williams			T: 020 7469 0935
Biddicks	Katie Tzouliadis/ Deborah Walter			T: 020 3178 6378

Notes to Editor:

Frontier IP specialises in the commercialisation of Intellectual Property. It establishes partnerships with individual universities and research institutions to assist with their spin-out and licensing activities and helps to maximise the commercial value of technologies emerging from their research programmes. www.frontierip.co.uk 

 

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