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Frontier Smart Tech (FST)

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Thursday 07 March, 2019

Frontier Smart Tech

Block listing Interim Review

RNS Number : 0908S
Frontier Smart Technologies Grp Ltd
07 March 2019
 

For immediate release

7 March 2019

 

Frontier Smart Technologies Group Ltd

 

('Frontier' or the 'Group')

 

Block Listing Update

Frontier Smart Technologies, a leading provider of Digital Radio and Smart IoT technologies, today makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements in respect of various Frontier Smart Technologies Group Share Incentive Schemes (the "Schemes").

 

Name of applicant:

 

Frontier Smart Technologies Group Ltd.

Name of Schemes:

Block Scheme for:

·    Frontier Smart Technologies Group EMI Scheme

·    Frontier Smart Technologies Group Unapproved Scheme

·    Frontier Smart Technologies Group Unapproved Scheme 2012

·    Frontier Smart Technologies Group Ltd 2017 EMI Option Scheme

 

Period of return               :

 

28 September 2018 - 7 March 2019

 

Balance of unallotted securities under scheme(s) from previous return:

 

574,228 ORD 10p Shares.

Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

 

1,859,564 ORD 10p Shares

Less: Number of securities issued/lapsed under scheme(s) during period:

       

 

24,792 ORD 10p Shares. (23,693 issued, 1,099 lapsed)

Equals: Balance under scheme(s) not yet issued/allotted at end of period:

 

2,409,000 ORD 10p Shares.

 

Number and class of securities originally admitted and the date of admission:

 

868,530 ORD 10p Shares on 1 November 20161

2,409,000 ORD 10p Shares on 25th January 2019

 

1 Number of shares in the block listing facility were consolidated on a 40-for-1 basis on 1 November 2016

 

- Ends -

 

 

For Further Enquiries:

Frontier Smart Technologies Group Limited

+44 (0) 20 7391 0630

Anthony Sethill, Chief Executive Officer


Jonathan Apps, Chief Financial Officer


Patrick Hannon, Vice President, Corporate Development




N+1 Singer (Nominated Adviser and Broker)

+44 (0) 20 7496 3000

Lauren Kettle / Ben Farrow




 

About Frontier Smart Technologies Group Limited

Frontier Smart Technologies is a pioneer in technologies for Digital Radio and Smart IoT devices.

The Group's customers include many leading consumer audio brands: Bose, Denon,

harman/kardon, JBL, Onkyo, Panasonic, Sony, Yamaha, Altec Lansing, Blaupunkt, Grundig, Hama,

Klipsch, Marshall, Pioneer, Pure, Roberts, TechniSat, Teufel and many more. Established in 2001, the

Group is headquartered in London, with engineering, sales and operations teams in Cambridge,

Timisoara (Romania), Hong Kong and Shenzhen. For more information, see frontiersmart.com.


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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