Frenkel Topping Group PLC Issue of consideration shares (8494G)
21 Julio 2023 - 9:20AM
UK Regulatory
TIDMFEN
RNS Number : 8494G
Frenkel Topping Group PLC
21 July 2023
Frenkel Topping Group plc
("Frenkel Topping", "the Company" or the "Group")
Issue of consideration shares
Frenkel Topping Group (AIM: FEN), a specialist professional and
financial services firm operating in the Personal Injury (PI)
Clinical Negligence (CN) space, announces the issue of 570,000
ordinary shares of 0.5 pence each ("Ordinary Share") as deferred
consideration pursuant to the acquisition of Forths Associates
Limited ("Forths") (the "Acquisition"), on 22 July 2020. As final
settlement of the outstanding deferred consideration, details of
which were set out at the time of the announcement of the
Acquisition, 455,943 Ordinary Shares will be issued to Richard
Forth, and 114,057 Ordinary Shares will be issued to Anthony
Flint.
Application has been made to the London Stock Exchange for the
570,000 new Ordinary Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will become
effective and trading will commence at 8.00 a.m. on 24 July
2023.
Following admission, the total number of Ordinary Shares in
issue will be 128,013,064 and the total number of voting rights
will therefore be 128,013,064. 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, the share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules.
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
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END
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July 21, 2023 10:20 ET (14:20 GMT)
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