THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.

Frontier IP Group plc

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

Result of Retail Offer

Fronter IP Group plc (AIM: FIPP), a specialist in commercialising intellectual property, announced at 7.01 a.m. on 22 November 2024 (the "Launch Announcement") the launch of a Fundraising comprising the Placing and Subscription in conjunction with the Retail Offer via PrimaryBid (the "Retail Offer", together with the Placing and Subscription, the "Fundraising").

The Company is pleased to announce that the Retail Offer successfully completed and closed at 5.00 p.m. on 25 November 2024 and that it has conditionally raised approximately £0.5 million in the Retail Offer through the issue of 1,683,286 Retail Shares at the Issue Price of 28 pence per share.

Following the closing of the Retail Offer, the Company has conditionally raised gross proceeds of approximately £3.6 million at the Issue Price via the Fundraising. The Company will therefore be required to issue and allot a total of 12,731,261 New Ordinary Shares to satisfy the Fundraising. The Retail Offer is conditional upon the Fundraising Resolutions being duly passed without amendment at the Company's AGM to be held on 19 December 2024 and Second Admission becoming effective at 8.00 a.m. on 23 December 2024 (or such later date as the Company and Singer Capital Markets may agree, but not later than 30 December 2024).

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the Launch Announcement.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for the 12,374,115 Conditional Fundraising Shares (comprising the 9,647,972 Conditional Placing Shares, the 1,042,857 Subscription Shares and the 1,683,286 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 23 December 2024, 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 is expected to comprise 68,898,207 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 68,898,207. 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.

Enquiries

Important Information

This Announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This Announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

This Announcement and the information contained herein, is restricted and is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into Australia, Canada, the Republic of South Africa, Japan or any other jurisdiction in which such publication, release or distribution would be unlawful. Further, this Announcement is for information purposes only and is not an offer of securities in any jurisdiction.