Exercise of Options and Total Voting Rights
Frontier IP Group plc announced that a former director exercised options to acquire 310,152 new ordinary shares at an exercise price of 10 pence each, with admission expected on October 13, 2026. Following this, the company's total issued ordinary shares will be 112,615,058, with the same number of voting rights, which shareholders can use as a denominator for disclosure calculations under FCA rules.
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Frontier IP (AIM: FIPP), a specialist in commercialising intellectual property, announces that a former director of the Company has exercised options to acquire 310,152 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") pursuant to the terms of the Company's Employee Share Option Scheme 2011. These options were awarded in three different tranches on the following dates: 15 November 2018 (89,000 options), 6 December 2019 (173,333 options) and 5 November 2020 (47,819 options) and all options have an exercise price of 10p.
Accordingly, application has been made for 310,152 new Ordinary Shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur at 8.00 a.m. on or around 13 October 2026.
The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following Admission, the Company will have 112,615,058 Ordinary Shares in issue, with one voting right per Ordinary Share. The Company does not hold any Ordinary Shares in treasury, therefore the total number of voting rights in the Company is 112,615,058. Accordingly, the figure of 112,615,058 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 Guidance and Transparency Rules
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.