Frontier IP Group plc Grant of Options (4272U)
07 April 2016 - 4:00PM
UK Regulatory
TIDMFIPP
RNS Number : 4272U
Frontier IP Group plc
07 April 2016
AIM: FIPP
7 April 2016
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 Total options
granted following
7 April grant
2016
Neil Crabb 350,000 935,000
Jacqueline
McKay 150,000 400,000
James Fish 150,000 400,000
David Cairns 75,000 325,000
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 26.63 pence per
share (the closing price of the ordinary shares on 6 April 2016)
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
Cantor Fitzgerald Europe T: 020 7894
(Nominated Adviser and Joint 7000
Broker)
David Foreman / Catherine Leftley,
Corporate Finance
Peterhouse Corporate Finance T: 020 7469
Limited (Joint Broker) 0935
Lucy Williams
Kreab T: 020 7074
(Financial PR) 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
spin--out 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
END
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April 07, 2016 02:00 ET (06:00 GMT)