Frontier Smart Tech

Holding(s) in Company

RNS Number : 0515G
Frontier Smart Technologies Grp Ltd
19 July 2019
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

 

For immediate release

19 July 2019

 

Frontier Smart Technologies Group Limited

('Frontier' or the 'Company')

 

Holding in Company

 

The Board of Frontier announces that it was notified on 18 July 2019 that on the 18 July 2019, Science Group plc purchased a total of 696,233 shares in the capital of the Company at a price of 35 pence per share.

As announced yesterday, the Board of Frontier was also notified on 17 July 2019 that on 16 July 2019 Science Group had received acceptances under its cash offer at a price of 35 pence per Frontier share ("the Offer") in respect of a further 1,269,399 shares, representing approximately 3.1 per cent. of the voting rights of Frontier ("the Acceptances") and that it had declared the Offer unconditional as to acceptances.

Therefore, including Acceptances, Science Group plc now holds a total interest in 17,515,373 ordinary shares in the capital of Frontier, equivalent to 43.0 per cent. of the voting share capital of the Company.

Ends

Enquiries:

Frontier Smart Technologies Group Limited

+44 (0) 20 7391 0630

Anthony Sethill, Chief Executive Officer


Jonathan Apps, Chief Financial Officer




N+1 Singer (Nominated Adviser and Broker)

+44 (0) 20 7496 3000

Sandy Fraser / Lauren Kettle / Ben Farrow


Market Abuse Regulation

The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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