RNS
AIM: FIPP
9 December 2021
Frontier IP Group plc
("Frontier IP", the "Group" or "the Company")
Result of Annual General Meeting
Directorate Change
Frontier IP (AIM: FIPP), a specialist in commercialising intellectual property, announces that at its annual general meeting, held earlier today, all resolutions were duly passed with the table below summarising proxy votes received.
The Company also confirms, as announced on 28 October 2021, that Michael Bourne has not sought re-election as a director at today's annual general meeting and has stepped down from his non-executive role at Frontier IP with effect from today.
|
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 the audited consolidated financial statements of the Company and its subsidiaries for the year ended 30 June 2021, together with the reports of the Directors and the Auditor thereon. |
26,703,251 |
100.0 |
0 |
0.0 |
26,703,251 |
2,955 |
|
2) To approve the report of the Board to the members on directors' remuneration for the year ended 30 June 2021 |
23,269,124 |
87.2 |
3,425,809 |
12.8 |
26,694,933 |
11,273 |
|
3) To re-appoint Matthew White as a Director of the Company, who retires by rotation and, being eligible, is offering himself for reappointment. |
25,425,961 |
95.2 |
1,274,749 |
4.8 |
26,700,710
|
5,496 |
|
4) To re-elect Professor Dame Julia King, Baroness Brown of Cambridge as a Director of the Company, who, having been appointed since the previous annual general meeting, is retiring and, being eligible, is offering herself for re-election. |
26,698,457 |
100.0 |
2,253 |
0.0 |
26,700,710
|
5,496 |
|
5) To not fill the vacancy created by the retirement of Mike Bourne who retires by rotation and is not offering himself for reappointment as a Director. |
25,396,755 |
95.1 |
1,308,955 |
4.9 |
26,705,710 |
496 |
|
6) To re-appoint Andrew Richmond as a Director of the Company. |
26,704,530 |
100.0 |
180 |
0.0 |
26,704,710 |
1,496 |
|
7) To re-appoint BDO LLP as auditors |
26,695,908 |
100.0 |
1,008 |
0.0 |
26,696,916 |
9,290 |
|
8) To authorise the Directors to determine the auditor's remuneration. |
26,705,710 |
100.0 |
0 |
0.0 |
26,705,710
|
496 |
|
9) To authorise the directors to allot shares |
23,246,263 |
87.2 |
3,424,629 |
12.8 |
26,670,892 |
35,314 |
|
SPECIAL |
||||||
|
10) Authority to disapply pre-emption rights in connection with the allotment and issue of equity securities for cash in relation to (i) share option schemes; (ii) rights issue or similar offer; or (iii) allotment of equity securities up to 5% of the issued share capital |
22,963,706 |
86.1 |
3,701,007 |
13.9 |
26,664,713 |
41,493 |
|
11) Authority to disapply pre-emption rights to allot equity securities for cash |
26,402,727 |
99.0 |
267,598 |
1.0 |
26,670,325
|
35,881 |
|
12) Authority to purchase own shares on market |
26,696,460 |
100.0 |
9,250 |
0.0 |
26,705,710 |
496 |
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.
ENQUIRIES
|
Frontier IP Group Plc Neil Crabb, Chief Executive Andrew Johnson, Communications & Investor Relations Company website: www.frontierip.co.uk
|
T: 020 3968 7815 neil@frontierip.co.uk M: 07464 546 025 |
|
Allenby Capital Limited (Nominated Adviser) Nick Athanas / George Payne |
T: 0203 328 5656 |
|
Singer Capital Markets (Broker) Sandy Fraser / Harry Gooden / George Tzimas |
T: 0207 496 3000
|
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.
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