Grant of Options

Released : 11 May 2017 07:00

RNS Number : 7955E
Frontier IP Group plc
11 May 2017
 

 

AIM: FIPP

11 May 2017

 

FRONTIER IP GROUP PLC

("Frontier IP" or "the Company")

 

Grant of Options

 

Frontier IP, which specialises in the commercialisation of intellectual property, is pleased to announce that its Board has granted options over ordinary shares of 10p each in the Company to the directors below.



Options granted

10 May 2017


Total options

following grant

 

Neil Crabb


124,000


1,059,000

Jacqueline McKay


95,000


495,000

James Fish


95,000


495,000

David Cairns


40,000


365,000

All options are awarded under the Company's Share Option Scheme, the Frontier IP Group plc Employee Share Option Scheme 2011.  The options have been awarded at an exercise price of 40 pence per share (being greater than the closing price of the ordinary shares on 10 May 2017) and the exercise period commences on the third anniversary of the date of grant and expires on the day preceding the tenth anniversary thereof.

Enquiries

 

Frontier IP Group Plc

T: 0131 240 1251

Neil Crabb, Chief Executive

Company website: www.frontierip.co.uk




Cenkos Securities plc (Nominated Adviser and Joint Broker)

T: 0131 220 6939

Neil McDonald / Beth McKiernan




Peterhouse Corporate Finance Limited (Joint Broker)

T: 020 7469 0935

Lucy Williams




Kreab (Financial PR)

T: 020 7074 1800

Robert Speed / Matthew Jervois


 

 

Notes to Editor:

 

Frontier IP Group plc

www.frontierip.co.uk.

 

Frontier IP specialises in assisting institutions and companies in the commercialisation and

exploitation of their intellectual property. It establishes formal and informal relationships with

sources of exploitable IP, principally universities. Its core business is building and growing a portfolio of equity stakes in spinout companies by taking an active involvement in the commercialisation and funding of these businesses.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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