Result of Placing and Subscription
Frontier IP Group plc has successfully raised approximately £870,000 in gross proceeds through a placing and subscription at an issue price of 15.5 pence per share, issuing 4,487,658 placing shares and 1,129,036 subscription shares. A separate conditional retail offer is ongoing and expected to close on December 22, 2025, aiming to raise up to an additional £174,117. Directors participated in the subscription, with their post-admission shareholdings detailed, and admission of the new shares to AIM is expected on December 22, 2025.
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Frontier IP Group plc (AIM: FIPP), a specialist in commercialising intellectual property, is pleased to announce that further to the announcement made at 7.00 a.m. today (the "Launch Announcement"), the Placing has successfully closed at the Issue Price of 15.5 pence per share. The Company has raised gross proceeds of approximately £695,000 in the Placing through the issue of 4,487,658 Placing Shares and has raised gross proceeds of approximately £175,000 in the Subscription through the issue of 1,129,036 Subscription Shares. Together, the Placing and the Subscription have raised gross proceeds of approximately £870,000 for the Company.
Singer Capital Markets acted as sole bookrunner and sole broker in connection with the Placing.
The Placing and the Subscription are conditional upon, inter alia, the Placing Agreement not having been terminated and becoming unconditional in accordance with its terms, and Admission becoming effective.
In addition to the Placing and the Subscription, a separate conditional Retail Offer being conducted on the RetailBook Platform to raise further gross proceeds of up to £174,117 is open and is expected to close at 10.00 a.m. on 22 December 2025.
Director Participation
Details of the interests of the Directors who participated in the Subscription and their resultant holdings of Ordinary Shares following Admission are as follows:
| Director | Existing number of Ordinary Shares held | Number of New Ordinary Shares | Total number of Ordinary Shares held following Admission | Percentage of enlarged share capital following Admission (%)* |
|---|---|---|---|---|
| Neil Crabb | 3,930,856 | 645,162 | 4,576,018 | 6.14 |
| Nigel Grierson | 71,429 | 64,517 | 135,946 | 0.18 |
| Professor Dame Julia King | 357,143 | 322,581 | 679,724 | 0.91 |
| Jacqueline McKay | 316,426 | 51,613 | 368,039 | 0.49 |
| Joanne Stent | 53,571 | 6,452 | 60,023 | 0.08 |
| Matthew White | 89,286 | 32,259 | 121,545 | 0.16 |
| David Holbrook | 7,143 | 6,452 | 13,595 | 0.02 |
*Before taking account of any Retail Offer Shares issued pursuant to the Retail Offer
Admission, Settlement and Dealings
Application has been made to the London Stock Exchange for the Placing Shares and the Subscription Shares to be admitted to trading on AIM. Admission is expected to take place and dealings in the Placing Shares and the Subscription Shares are expected to commence at 8.00 a.m. on 22 December 2025, at which time it is also expected that the Placing Shares and the Subscription Shares will be enabled for settlement in CREST.
The Placing Shares and the Subscription Shares will, when issued, be fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Information to Distributors
UK product governance
Solely for the purposes of the product governance requirements contained within Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the UK Product Governance Requirements) may otherwise have with respect thereto, the New Ordinary Shares have been subject to a product approval process, which has determined that such securities are: (i) compatible with an end target market of investors who meet the criteria of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in paragraph 3 of the FCA Handbook Conduct of Business Sourcebook; and (ii) eligible for distribution through all distribution channels (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors (for the purposes of UK Product Governance Requirements) should note that: (a) the price of the New Ordinary Shares may decline and investors could lose all or part of their investment; (b) the New Ordinary Shares offer no guaranteed income and no capital protection; and (c) an investment in the New Ordinary Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the Target Market Assessment, Singer CM will only procure investors who meet the criteria of professional clients and eligible counterparties.
EEA product governance
Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures in the European Economic Area (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the New Ordinary Shares have been subject to a product approval process, which has determined that the New Ordinary Shares are: (i) compatible with an end target market of (a) retail investors, (b) investors who meet the criteria of professional clients and (c) eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "EU Target Market Assessment"). Notwithstanding the EU Target Market Assessment, distributors should note that: the price of the New Ordinary Shares may decline and investors could lose all or part of their investment; the New Ordinary Shares offer no guaranteed income and no capital protection; and an investment in the New Ordinary Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the EU Target Market Assessment, Singer CM will only procure investors who meet the criteria of professional clients and eligible counterparties.
Basis on which information is presented
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