Replacement - Result of AGM and Directorate Change

Frontier IP Group plc

15 December 2023

 

The following replaces the announcement "Result of Annual General Meeting and Directorate Change" released on 15 December 2023 at 14:07 under RNS No: 0306X.

Resolution 10 incorrectly stated : (i) 0 votes against- this has been corrected to 111; and (ii) total votes cast (excluding votes withheld) of 28,801,720- this has been corrected to 28,801,831.

Nothing else has been amended. The full corrected version is below.

RNS

AIM: FIPP

15 December 2023

Frontier IP Group Plc

("Frontier IP" or the "Group")

Result of Annual General Meeting and Directorate Change

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

The Company also confirms, as announced on 31 October 2023, that Andrew Richmond has not sought re-election as a director at today's annual general meeting and has stepped down from his role as Chairman with effect from today.

Dame Julia King, Baroness Brown of Cambridge has assumed the role of Chair following conclusion of today's AGM.

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 2023, together with the reports of the Directors and the Auditor thereon.	28,798,831	100%	0	0%	28,798,831	7,001
2. To approve the report of the Board to the members on directors' remuneration for the year ended 30 June 2023.	24,016,521	83%	4,761,258	17%	28,777,779	28,053
3. To re-appoint Neil Crabb as a Director of the Company and, being eligible, is offering himself for reappointment.	28,779,740	100%	3,000	0%	28,782,740	23,092
4. To re-appoint Jacqueline McKay as a Director of the Company and, being eligible, is offering herself for reappointment.	28,779,740	100%	0	0%	28,779,740	26,092
5. To re-appoint James Fish as a Director of the Company and, being eligible, is offering himself for reappointment.	28,779,740	100%	0	0%	28,779,740	26,092
6. To re-appoint Matthew White as a Director of the Company and, being eligible, is offering himself for reappointment.	28,779,740	100%	0	0%	28,779,740	26,092
7. To re-appoint David Holbrook as a Director of the Company and, being eligible, is offering himself for reappointment.	28,779,740	100%	0	0%	28,779,740	26,092
8. To re-appoint Nigel Grierson as a Director of the Company and, being eligible, is offering himself for reappointment	28,779,740	100%	0	0%	28,779,740	26,092
9. To re-appoint Professor Dame Julia King, Baroness Brown of Cambridge as a Director of the Company and, being eligible, is offering herself for reappointment.	28,779,740	100%	0	0%	28,779,740	26,092
10. To resolve not to fill the vacancy created by the retirement of Andrew Richmond as a Director and Chairman of the Company at the AGM, in accordance with the Articles of Association of the Company	28,801,720	100%	111	0%	28,801,831	4,001
11. To re-appoint BDO LLP as auditor of the Company to hold office until the conclusion of the next general meeting at which financial statements are laid before shareholders.	28,797,617	100%	0	0%	28,797,617	8,215
12 To authorise the Directors to determine the auditor's remuneration	28,797,617	100%	4,214	0%	28,801,831	4,001
13. To authorise the directors to allot shares	28,779,740	100%	19,091	0%	28,798,831	7,001
SPECIAL
14. 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; (iii) allotment of equity securities up to 10% of the issued share capital; or (iv) to the allotment of equity securities up to a nominal amount equal to 20%, such authority to be used only for the purposes of making a follow-on offer which the Board of the Company determines to be of a kind contemplated by paragraph 3 of Section 2B of the Statement of Principles on Disapplying Pre-Emption Rights.	23,213,401	81%	5,585,430	19%	28,798,831	7,001
15. Authority to disapply pre-emption rights to allot equity securities for cash.	27,929,775	97%	849,965	3%	28,779,740	26,092
16. Authority to purchase own shares on market.	24,461,860	100%	7,850	0%	24,469,710	4,336,122

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 [e-mail]
Allenby Capital Limited (Nominated Adviser) Nick Athanas / George Payne	T: 0203 328 5656
Singer Capital Markets (Broker) Harry Gooden / James Fischer	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.

 

END