12:10 Fri 17 Mar 2017
Frontier IP Group - Placing to raise £3 million
This announcement contains inside information
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Placing to raise
The net proceeds of the Placing will be utilised to accelerate the Company's growth and to develop and expand its resourcing in areas of key activity, both in the
The Placing was conducted by the Company's nominated adviser and joint broker, Cenkos Securities plc.
Application has been made for the Placing Shares, which will rank pari passu with the existing ordinary shares in the Company, to be admitted to trading on AIM. Admission is expected to take place on
Following the transaction, the Company's total issued share capital will comprise 38,278,520 ordinary shares, each with voting rights. 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, securities of the Company under the
"We are delighted to announce the successful completion of this fundraising, which was over-subscribed, and welcome the support of both existing and new investors.
For further information:
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T: 0131 240 1251 |
Company website: www.frontierip.co.uk |
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Cenkos Securities plc (Nominated Adviser and Joint Broker) |
T: 0131 220 6939 |
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T: 020 7469 0935 |
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Kreab (Financial PR) |
T: 020 7074 1800 |
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Notes to Editor
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