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Frontier Smart Tech (FST)

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Friday 19 July, 2019

Frontier Smart Tech

Exercise of Options and Total Voting Rights

RNS Number : 1912G
Frontier Smart Technologies Grp Ltd
19 July 2019

For immediate release

19 July 2019


Frontier Smart Technologies Group Ltd


('Frontier' or the 'Company')



Exercise of Options and Total Voting Rights


Frontier confirms that it has received an exercise notice from current employees of the Company in respect of options held under its JSOP scheme totaling 82,304 ordinary shares (the "Option Exercise").  The Option Exercise will be satisfied through the release of existing ordinary shares in the capital of the Company currently held in the Employee Benefit Trust ("EBT"). 

Voting rights in respect of ordinary shares held jointly by the EBT and participants for the purposes of the Company's joint share ownership plan are waived. Following completion of the Option Exercise and transfer out of the EBT, which took place on 15 July 2019, 2,037,537 ordinary shares will be held in the EBT.  The total issued share capital of the Company is 42,855,203 ordinary shares, the total number of voting rights in the Company will increase to 40,817,666.

This figure of 40,817,666 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.

- Ends -


For Further 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

Lauren Kettle / Ben Farrow

About Frontier Smart Technologies Group Limited

Frontier Smart Technologies is a pioneer in technologies for Digital Radio and Smart Audio devices. The Company's customers include many leading consumer audio brands: Bose, Denon, Grundig, harman/kardon, Hama, JBL, Marshall, Onkyo, Panasonic, Philips, Pioneer, Pure, Roberts, Sony, TechniSat, UrbanEars, Yamaha, and many more. The Company, incorporated in 2001, is headquartered in London, with engineering, sales and operations teams in Cambridge, Timisoara (Romania), Hong Kong, and Shenzhen.

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