TIDMFRP
RNS Number : 6459S
FRP Advisory Group PLC
10 March 2023
10 March 2023
FRP Advisory Group plc
("FRP", "the Company" or the "Group")
Transfer of Ordinary Shares from EBT
FRP Advisory Group plc, a leading national specialist business
advisory firm, has been notified that, on 9 March 2023, 6,404,790
ordinary shares of 0.1p each in the Company ("Ordinary Shares")
were transferred from JTC Employer Solutions Trustee Limited as
trustees of the FRP Advisory Group plc Employee Benefit Trust (the
"EBT"), to employees of the Group following the exercise of options
over Ordinary Shares at nil cost.
The EBT is a discretionary trust that was established on IPO for
the benefit of employees (including Partners) and operates in
connection with the FRP Equity Incentive Plan ("EIP"). It was
initially funded via vendor Partners gifting 18,750,000 Ordinary
Shares into the EBT on IPO. The EBT has waived its rights to
dividends. The Ordinary Shares held by the EBT will be used, in
accordance with the EIP, to satisfy awards made to both existing
Partners and employees and to incentivise and attract new
colleagues. Following the commencement of options vesting from 6
March 2023, Ordinary Shares will be transferred to employees
(including Partners) and dividend rights will accrue.
Following the above transaction, the EBT holds a total of
21,446,898 Ordinary Shares representing 8.60 per cent. of the
Company's issued share capital.
Purchase of shares by Chief Financial Officer
As part of the overall above transaction, on 9 March 2023, Gavin
Jones, Chief Financial Officer, purchased 68,181 Ordinary Shares at
110 pence per Ordinary Share. Following this transaction, Mr Jones
beneficially holds 68,181 Ordinary Shares representing 0.03 per
cent of the Company's issued share capital.
Enquiries:
FRP Advisory Group plc
Geoff Rowley, CEO
Jeremy French, COO
Gavin Jones, CFO
Enquiries via MHP
Cenkos Securities plc (Nominated Adviser and Joint Broker)
Katy Birkin/Max Gould (Corporate Finance)
Alex Pollen (Sales)
Tel: +44 (0) 207 397 8900
Investec Bank plc (Joint Broker)
Carlton Nelson / James Rudd (Corporate Broking)
Tel: +44 (0) 207 597 4000
MHP Group (Financial Public Relations)
Oliver Hughes
Charlie Barker
Pete Lambie
Tel: +44 (0) 3128 8540 / +44 (0) 20 3128 8570
FRP@mhpgroup.com
Notes to Editors
FRP is a leading national specialist business advisory firm
established in 2010. It offers a range of advisory services to
companies, lenders, investors and other stakeholders, as well as
individuals. These services include:
-- Restructuring advisory: corporate financial advisory, formal
insolvency appointments, informal restructuring advisory, personal
insolvency and general advice to all stakeholders.
-- Corporate finance: mergers & acquisitions (M&A),
strategic advisory and valuations, financial due diligence, capital
raising, special situations M&A and partial exits.
-- Debt advisory: raising and refinancing debt, debt amendments
and extensions, restructuring debt, asset based lending and
corporate and leveraged debt advisory.
-- Forensic services: forensic investigations, compliance and
risk advisory, dispute services and forensic technology.
-- Financial advisory: transaction services including financial
due diligence, alongside its lender services, financial modelling,
valuations, pensions and company-side advisory services.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person
closely associated
a. Name of PDMR Gavin Jones
----------------------------------------- ------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------
a. Position/Status Chief Financial Officer
----------------------------------------- ------------------------------------
b. Initial notification/ Initial Notification
Amendment
----------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a. Name FRP Advisory Group plc
----------------------------------------- ------------------------------------
b. LEI 213800IPCG6DE1CVLY36
----------------------------------------- ------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-------------------------------------------------------------------------------
a. Description of the Ordinary shares of GBP0.001 each
financial instrument,
type of instrument
GB00BL9BW044
Identification Code
----------------------------------------- ------------------------------------
b. Nature of the transaction Purchase of Ordinary Shares
----------------------------------------- ------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ----------------- -----------------
GBP1.10 68,181
---------------------------------------------------------------- -----------------
d. Aggregated information
- Aggregated Volume N/A single transaction
- Price N/A single transaction
----------------------------------------- ------------------------------------
e. Date of the transaction 9 March 2023
----------------------------------------- ------------------------------------
f. Place of the transaction AIMX
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END
DSHZZGMFNGVGFZM
(END) Dow Jones Newswires
March 10, 2023 12:28 ET (17:28 GMT)
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