Frontier Resources International Completion of subscription and Board changes (3828P)
18 February 2016 - 3:34AM
UK Regulatory
TIDMFRI
RNS Number : 3828P
Frontier Resources International
17 February 2016
For immediate release
17 February 2016
Frontier Resources International Plc
("Frontier" or the "Company")
Completion of subscription
and Board changes
The Board of Frontier (AIM Ticker: FRI) announces that the
direct subscription of 4,750,000,000 new ordinary shares of 0.01p
each to raise GBP1,425,000 before expenses (the "Subscription")
completed today and the new shares have been admitted to trading on
AIM.
In addition, as previously announced, Adam Reynolds has today
been appointed to the Board as Chairman of the Company and Jack
Keyes and John O'Donovan have ceased to be directors of
Frontier.
Total voting rights
Following the issue of the Subscription shares, the Company's
issued share capital consists of 5,111,999,056 Ordinary Shares,
with voting rights. This figure may be used by shareholders in the
Company 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 share capital of the Company under
the Financial Conduct Authority's Disclosure and Transparency
Rules.
Enquiries:
Frontier Resources International
Plc Tel: +44 (0) 7785 908158
Adam Reynolds, Chairman
Beaumont Cornish (Nomad)
Michael Cornish Tel: +44 (0)20 7628 3396
Emily Staples
Beaufort Securities Limited
(Broker) Tel: +44 (0)20 7382 8300
Jon Belliss
A copy of this announcement is available from the Company's
website www.friplc.com
APPENDIX
The following information is disclosed pursuant to paragraph (g)
of Schedule Two of the AIM Rules for Companies:
Adam Reynolds, aged 53, has held the following directorships and
/ or partnerships in the past 5 years:
Current: Past:
---------------------------- ---------------------------------------
Ocutec Eyecare Limited Bcomp 415 Limited
Premaitha Health plc Biolustre UK Ltd
Optibiotix Health plc Wallgate Group plc
Autoclenz Group Limited Wilton International Marketing Limited
Hubco Investments plc Alan Bailey (Studios) Limited
Reyco Limited Hansard Corporate Limited
Medavinci Gold Limited Chalton Consulting Limited
Emotion Fitness Limited React Group plc
Orogen Gold plc Hub Capital Partners Limited
Boldwood Limited Velvet Consultancy Ltd
EKF Diagnostics Holdings Porta Communications Plc
plc
Autoclenz Holdings Limited Diablo Consulting Limited
New World Oil & Gas Limited Bcomp 429 Limited
RNR Holdings Limited Venn Life Sciences Holdings plc
Bcomp 416 Limited
Autoclenz Group Limited
---------------------------- ---------------------------------------
Wallgate Group plc
Mr Reynolds was appointed as a director of Wallgate Group plc on
3 July 2008 and resigned on 28 November 2008. Wallgate Group plc
was put into administration on 12 December 2008 and became subject
to creditors' voluntary liquidation on 15 December 2009. The
liquidator's statement of receipts of payments to 25 February 2011
showed a creditor shortfall of GBP419,782.12. Wallgate Group plc
was subsequently dissolved on 1 June 2011.
Greenhills plc
Mr Reynolds was appointed as a director of Greenhills plc on 22
December 1994. He resigned on 24 January 1996. Greenhills plc was
put into receivership on 8 August 1996, and an order to wind the
company up was made on 19 February 1997. The receiver's abstract of
receipts and payments to 6 July 1998 showed a creditor shortfall of
GBP216,877.32. Greenhills plc was subsequently dissolved on 2
January 2001.
Wilton International Marketing Limited
Mr Reynolds was appointed as a director of Wilton International
Marketing Limited on 10 June 2005. Wilton International Marketing
Limited was put into voluntary liquidation on 14 October 2013 and
was subsequently dissolved on 1 August 2014 with no shortfall to
creditors.
There is no further information to be disclosed in relation to
Mr Reynolds pursuant to paragraph (g) of Schedule Two of the AIM
Rules for Companies.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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