Declaration of Voting Results & Voting Rights Announcements • Dec 4, 2019
Declaration of Voting Results & Voting Rights Announcements
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National Storage Mechanism | Additional information
RNS Number : 6775V
Frontier IP Group plc
04 December 2019
4 December 2019
Frontier IP Group plc
("Frontier IP", the "Group" or "the Company")
Result of Annual General Meeting and Total Voting Rights
Frontier IP Group plc (AIM: FIPP), a specialist in commercialising university intellectual property, announces that, at its annual general meeting held earlier today, all resolutions were duly passed on a show of hands. Resolutions 9 and 10 relate to the Placing, as announced on 6 November 2019.
The proxy voting results for the Resolutions are summarised in the table below:
| RESOLUTIONS | NO OF VOTES FOR | % OF VOTES CAST (EXCLUDING VOTES WITHELD) | NO OF VOTES AGAINST | % OF VOTES CAST (EXCLUDING VOTES WITHELD) | TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD) | NO OF VOTES WITHHELD |
| ORDINARY | ||||||
| 1) To receive and adopt the financial statements for the year ended 30 June 2019 together with the Directors' report and the auditor's report thereon | 20,940,887 | 100.0% | - | 0.00% | 20,940,887 | - |
| 2) To approve the directors' remuneration report for the year ended 30 June 2019 | 20,937,490 | 99.98% | 3,397 | 0.02% | 20,940,887 | - |
| 3) To re-appoint as a director Mr K Andrew Richmond | 20,938,737 | 99.99% | 1,150 | 0.01% | 20,940,887 | 1,000 |
| 4) To re-appoint as a director Mr Campbell Wilson | 20,938,737 | 99.99% | 1,150 | 0.01% | 20,940,887 | 1,000 |
| 5) To re-appoint BDO LLP as auditors | 20,939,737 | 99.99% | 1,150 | 0.01% | 20,940,887 | - |
| 6) To authorise the directors to fix the remuneration of the auditors | 20,938,490 | 99.99% | 2,397 | 0.01% | 20,940,887 | - |
| SPECIAL | ||||||
| 7) To authorise the directors to allot shares | 20,919,737 | 99.90% | 21,150 | 0.10% | 20,940,887 | - |
| 8) To disapply the statutory pre-emption rights over equity shares issued for cash subject to certain limits and restrictions | 20,915,340 | 99.88% | 23,150 | 0.12% | 20,940,887 | 2,397 |
| SPECIAL - THE PLACING | ||||||
| 9) To authorise the directors to allot the Placing Shares | 20,917,340 | 99.89% | 21,150 | 0.11% | 20,940,887 | 2,397 |
| 10) To disapply the statutory pre-emption rights in respect of the issue of the Placing Shares | 20,915,340 | 99.88% | 23,150 | 0.12% | 20,940,887 | 2,397 |
Votes which have been cast at the discretion of the Chairman have been counted as votes for the resolutions. Votes Withheld are not votes in law and do not count in the number of votes counted for or against a resolution.
Total voting rights
Further to the Company's announcement on 6 November 2019, Admission of the Placing Shares is expected to take place at 8:00 a.m. on 5 December 2019.
On Admission, the issued share capital of the Company will consist of 50,431,372 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 50,431,372. From Admission, 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, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.
Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 6 November 2019 unless otherwise defined herein.
Enquiries
| Frontier IP Group plc | 0207 332 2338 | |
| Neil Crabb, Chief Executive | ||
| Andrew Johnson, Communications & Investor Relations | 07464 546 025 | |
| www.frontierip.co.uk | ||
| Allenby Capital Limited (Nominated Adviser) | 0203 328 5656 | |
| Nick Athanas / Nicholas Chambers | ||
| N+1 Singer (Broker) | 0207 496 3000 | |
| Harry Gooden / George Tzimas |
About Frontier IP
Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services. A critical part of the Group's work is involving relevant industry partners at an early stage of development to ensure technology meets real world demands and needs.
The Group looks to build and grow a portfolio of equity stakes and licence income by taking an active involvement in spin-out companies, including support for fund raising and collaboration with relevant industry partners at an early stage of development.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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