Result of General Meeting & Total Voting Rights
Frontier IP Group plc announced that all resolutions were passed at its General Meeting, allowing the Conditional Placing, Subscription, and Retail Offer to proceed, with dealings in the new shares expected to commence on July 16, 2026. The company will issue 29,776,847 Conditional Fundraising Shares, increasing the total issued share capital to 112,304,906 Ordinary Shares, each with one voting right. Directors are subscribing for new shares, with Neil Crabb subscribing for 583,333 shares, Nigel Grierson for 100,000, Professor Dame Julia King for 177,750, Jacqueline McKay for 45,833, Shaun Claydon for 41,666, and David Holbrook for 55,425, all at an issue price of 12.0 pence per share.
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Frontier IP, a specialist in commercialising intellectual property, announces that at the General Meeting of the Company held earlier today, all resolutions were duly passed with the table below summarising proxy votes received.
Accordingly, following the passing of the Fundraising Resolutions at the General Meeting, the Conditional Placing, the Subscription and the Retail Offer as announced by the Company on 16 June 2026 (the "Launch Announcement") and 17 June 2026 can now proceed to completion. It is expected that Admission will be effective and dealings in the Conditional Fundraising Shares will commence at 8.00 a.m. on 16 July 2026.
| RESOLUTIONS | NO OF VOTES FOR | % OF VOTES CAST (EXCLUDING VOTES WITHELD) | NO OF VOTES AGAINST | % OF VOTES CAST (EXCLUDING VOTES WITHELD) | TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD) | NO OF VOTES WITHHELD |
|---|---|---|---|---|---|---|
| ORDINARY | ||||||
| 1. Authority to allot New Ordinary Shares | 35,218,374 | 99.07% | 328,838 | 0. 93% | 35,547,212 | 1,922 |
| SPECIAL | ||||||
| 2. Disapplication of pre-emption rights - New Ordinary Shares | 34,331,107 | 98.53% | 510,836 | 1.74% | 34,841,943 | 707,191 |
| ORDINARY | ||||||
| 3. Authority to allot shares | 35,198,611 | 99.02% | 348,601 | 0.98% | 35,547,212 | 1,922 |
| SPECIAL | ||||||
| 4. Disapplication of pre-emption rights | 34,421,556 | 98. 80% | 420,387 | 1.20% | 34,841,943 | 707,191 |
Details of the Directors' conditional subscriptions and their respective resulting interests in the Enlarged Share Capital are set out below:
| Director | N umber of Existing Ordinary Shares held | Su bscription Shares subscribed for in Subscription* | Ordinary Shares held on Second Admission | Percentage of Enlarged Share Capital on Second Admission |
|---|---|---|---|---|
| Neil Crabb | 4,576,018 | 583,333 | 5,159,351 | 4.59% |
| Nigel Grierson | 135,946 | 100,000 | 235,946 | 0.21% |
| Professor Dame Julia King | 679,724 | 177,750 | 857,474 | 0.76% |
| Jacqueline McKay | 368,039 | 45,833 | 413,872 | 0.37% |
| Shaun Claydon | 0 | 41,666 | 41,666 | 0.04% |
| David Holbrook | 13,595 | 55,425 | 69,020 | 0.06% |
*Includes conversion of certain accrued Directors' fees at the Issue Price
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the 29,776,847 Conditional Fundraising Shares (comprising the 25,439,507 Conditional Placing Shares, the 1,004,007 Subscription Shares and the 3,333,333 Retail Shares) to be admitted to trading on AIM. Second Admission is expected to take place and dealings in the Conditional Fundraising Shares are expected to commence at 8.00 a.m. on 16 July 2026, at which time it is also expected that the Conditional Fundraising Shares will be enabled for settlement in CREST.
Immediately following Second Admission, the issued share capital of the Company will comprise 112,304,906 Ordinary Shares. Each Ordinary Share has one voting right and no Ordinary Shares are held in treasury. Accordingly, immediately following Second Admission, the total number of voting rights in the Company will be 112,304,906. From Second Admission, this figure may be used by Shareholders as the denominator for the calculation 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 Guidance and Transparency Rules.
| 2 | Reason for the notification | |
| a) | Position/status | See 1a) above |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Frontier IP Group plc |
| b) | LEI | 213800BRYUKQPJWKJ312 |
| 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 | Fundraising for New Ordinary Shares |
| c) | Price(s) and volume(s) | Price: 12.0 pence Volumes: Neil Crabb 583,333 Nigel Grierson 100,000 Professor Dame Julia King 177,750 Jacqueline McKay 45,833 Shaun Claydon 41,666 David Holbrook 55,425 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 15 July 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.