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Frontier IP Group (FIPP)

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Monday 09 November, 2020

Frontier IP Group

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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