Frenkel Topping Group PLC Director/PDMR Shareholding (2175D)
20 Junio 2023 - 1:00AM
UK Regulatory
TIDMFEN
RNS Number : 2175D
Frenkel Topping Group PLC
20 June 2023
Frenkel Topping Group plc
("Frenkel Topping" or "the Company")
Director/PDMR Dealing
Frenkel Topping Group (AIM: FEN), a specialist professional and
financial services firm operating in the Personal Injury (PI)
Clinical Negligence (CN) space, announces that on 19 June 2023,
Richard Fraser, Chief Executive Officer, exercised and sold options
over 185,000 ordinary shares of 0.5p each in the Company ("Ordinary
Shares"), at a price of 70.5 pence.
The sale of the shares was undertaken to raise capital to fund
the purchase of an overseas family property. Richard Fraser retains
a meaningful holding in Frenkel Topping and is committed to the
business and its future growth strategy.
Following the exercise of the options and the sale of these
shares Mr. Fraser and persons closely associated ("PCAs") to him
will be interested in 1,895,907 Ordinary Shares of the Company,
representing approximately 1.49 per cent. of the Company's issued
share capital and Richard Fraser retains 2,565,000 share options in
the Company pursuant to the exercise and sale.
The share options were held in the Company's Employee Benefit
Trust ("EBT") and the exercise price was 0.5p. The EBT held
5,314,683 Ordinary Shares prior to the option exercise and
following the transaction the EBT holds 5,129,683 Ordinary
Shares.
For further information:
Frenkel Topping Group plc www.frenkeltoppinggroup.co.uk
Richard Fraser, Chief Executive Officer Tel: 0161 886 8000
finnCap Ltd Tel: 020 7220 0500
Carl Holmes/Abigail Kelly/Milesh Hindocha
(Corporate Finance)
Tim Redfern / Charlotte Sutcliffe (ECM)
About Frenkel Topping Group
The Frenkel Topping Group of companies specialises in providing
financial advice and asset protection services to clients at times
of financial vulnerability, with particular expertise in the field
of personal injury (PI) and clinical negligence (CN).
For more than 30 years the Group has worked with legal
professionals and injured clients themselves to provide
pre-settlement, at-settlement and post-settlement services to help
achieve the best long-term outcomes for clients after injury. It
boasts a client retention rate of 99%.
Frenkel Topping Group is focused on consolidating the fragmented
PI and CN space in order to provide the most comprehensive suite of
services to clients and deliver a best-in-class service offering
from immediately after injury or illness and for the rest of their
lives.
The group's services include the Major Trauma Signposting
Partnership service inside NHS Major Trauma Centres, expert
witness, costs, tax and forensic accountancy, independent financial
advice, investment management, and care and case management.
The Group's discretionary fund manager, Ascencia, manages
financial portfolios for clients in unique circumstances, often who
have received a financial settlement after litigation. In recent
years Ascencia has diversified its portfolios to include a
Sharia-law-compliant portfolio and a number of ESG portfolios in
response to increased interest in socially responsible investing
(SRI).
Frenkel Topping has earned a reputation for commercial
astuteness underpinned by a strong moral obligation to its clients,
employees and wider society, with a continued focus on its
Environmental, Social and Governance (ESG) impact.
For more information visit: www.frenkeltoppinggroup.co.uk
Details of the person discharging managerial responsibilities
. / person closely associated
a) Name Richard Fraser
------------------------------- -----------------------------------------
Reason for the Notification
2.
--------------------------------------------------------------------------
a) Position/status Richard Fraser, Chief Executive Officer
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Frenkel Topping Group plc
------------------------------- -----------------------------------------
b) LEI 213800I5L3K7AT7A4R20
------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated for
4. (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 New Ordinary Shares
Financial instrument,
type of instrument
Identification code GB00B01YXQ71
------------------------------- -----------------------------------------
b) Nature of the transaction Exercise of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Volume(s) Prices (pence)
185,000 0.5 pence
---------------
------------------------------- -----------------------------------------
d) Aggregated information: Volume Volume weighted
* Aggregated volume average price
(pence)
185,000 0.5 pence
* Price ----------------
------------------------------- -----------------------------------------
e) Date of the transaction 19/06/23
------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
------------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
. / person closely associated
a) Name Richard Fraser
------------------------------- -----------------------------------------
Reason for the Notification
2.
--------------------------------------------------------------------------
a) Position/status Richard Fraser, Chief Executive Officer
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Frenkel Topping Group plc
------------------------------- -----------------------------------------
b) LEI 213800I5L3K7AT7A4R20
------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated for
4. (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 New Ordinary Shares
Financial instrument,
type of instrument
Identification code GB00B01YXQ71
------------------------------- -----------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Volume(s) Prices (pence)
185,000 70.5p
---------------
------------------------------- -----------------------------------------
d) Aggregated information: Volume Volume weighted
* Aggregated volume average price
(pence)
185,000 70.5p
* Price ----------------
------------------------------- -----------------------------------------
e) Date of the transaction 19/06/23
------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
------------------------------- -----------------------------------------
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END
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June 20, 2023 02:00 ET (06:00 GMT)
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