Frontier Smart Technologies Grp Ltd Holding(s) in Company (2744G)

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RNS Number : 2744G

Frontier Smart Technologies Grp Ltd

22 July 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

 
 For immediate release   22 July 2019

Frontier Smart Technologies Group Limited

('Frontier' or the 'Company')

Holding in Company

The Board of Frontier announces that it was notified on 20 July 2019 that on the 19 July 2019, Science Group plc purchased a total of 416,069 shares in the capital of the Company at a price of 35 pence per share.

As announced previously, the Board of Frontier was also notified on 20 July 2019 that on 19 July 2019 Science Group had received acceptances under its cash offer at a price of 35 pence per Frontier share ("the Offer") in respect of a further 2,785,388 shares, representing approximately 6.8 per cent. of the voting rights of Frontier ("the Acceptances") and that it had declared the Offer unconditional as to acceptances.

Therefore, including Acceptances, Science Group plc now holds a total interest in 19,447,431 ordinary shares in the capital of Frontier, equivalent to 47.6 per cent. of the voting share capital of the Company.

Ends

Enquiries:

 
                                              +44 (0) 20 7391 
 Frontier Smart Technologies Group Limited               0630 
 Anthony Sethill, Chief Executive Officer 
 Jonathan Apps, Chief Financial Officer 
 
                                              +44 (0) 20 7496 
 N+1 Singer (Nominated Adviser and Broker)               3000 
 Sandy Fraser / Lauren Kettle / Ben Farrow

Market Abuse Regulation

The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.

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 rns@lseg.com or visit www.rns.com.

END

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