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Frontier IP Group plc  -  FIPP   

Result of General Meeting

Released 12:43 30-Nov-2012

RNS Number : 3608S
Frontier IP Group plc
29 November 2012
 



 

AIM: FIPP

 

 

FRONTIER IP GROUP PLC

("Frontier IP" or "the Group" or "the Company")

 

Result of General Meeting


Further to the announcement of 6 November 2012, Frontier IP, which specialises in the commercialisation of intellectual property, is pleased to announce that at a General Meeting of the Company held earlier today, all resolutions were duly passed.

 

The Company has raised £608,000 in a Placing of 6,080,000 new ordinary shares at 10 pence per share. Application has been made for the 6,080,000 new ordinary shares to be admitted to trading on AIM and it is expected that Admission will become effective on or around 3 December 2012. Following Admission, there will be a total of 13,052,165 ordinary shares of 10 pence each in the Company in issue. This figure 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 Frontier IP, under the FSA's Disclosure and Transparency Rules. 

 

The Company also confirms its intention to appoint Marcus Yeoman to the Board as Non-executive Director, replacing Graham Barnet who will step down from the Board. Both these Board changes will take place on admission of the Placing Shares to AIM. Marcus brings extensive experience of working with listed and smaller companies.

 

The table below sets out the Directors' interests following the Placing:

 

Director

Shareholding

% of Share Capital




Neil Crabb*

2,056,375

15.76

David Cairns*

370,000

2.84

Andrew Richmond*

500,000

3.83

Marcus Yeoman**

200,000

1.53

Jackie McKay

12,855

0.1

 

* These figures include the holdings of their connected persons

 

** Marcus Yeoman's shareholding is held by Springtime Consultants Limited of which he is a director and majority shareholder.

 

Capitalised terms used in this announcement are as defined in the circular to shareholders sent to shareholders 7 November 2012.

 

 

Enquiries

Company website: www.frontierip.co.uk

 

Frontier IP Group Plc


T: 0131 220 9491

Neil Crabb, Executive Chairman






Seymour Pierce Ltd (Nominated Adviser and Joint Broker)


T: 020 7107 8000

Guy Peters / Julian Erleigh - Corporate Finance



David Banks / Paul Jewell - Corporate Broking






Peterhouse Corporate Finance Limited (Joint Broker)


T: 020 7469 0935

Jon Levinson / Lucy Williams






Biddicks


T: 020 3178 6378

Katie Tzouliadis



 

 




 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Result of General Meeting - RNS