TIDMFRP

RNS Number : 6117H

FRP Advisory Group PLC

28 July 2023

28 July 2023

FRP Advisory Group plc

("FRP", "the Company" or the "Group")

PDMR Dealing

FRP Advisory Group plc, a leading national specialist business advisory firm, has been notified that, on 28 July 2023, Gavin Jones, the Chief Financial Officer of the Company, exercised nil cost options over 146,044 ordinary shares of 0.1p each in the Company ("Ordinary Shares"). These options were satisfied using Ordinary Shares held in the Company's Employee Benefit Trust. Mr Jones sold 68,882 of the resulting Ordinary Shares to satisfy personal income tax and national insurance liabilities arising on the option exercise. Following completion of these transactions, Mr Jones beneficially holds 145,343 Ordinary Shares representing 0.06 per cent. of the Company's issued share capital.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

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

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.

 
 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                  Exercise of Share Options 
      -----------------------------------------  ------------------------------------ 
 c.    Price(s) and volume(s)                     Price(s)           Volume(s) 
      -----------------------------------------  -----------------  ----------------- 
   Nil                                                               146044 
  ----------------------------------------------------------------  ----------------- 
 d.    Aggregated information                     N/A 
 
        - Aggregated Volume 
 
        - Price 
      -----------------------------------------  ------------------------------------ 
 e.    Date of the transaction                    28 July 2023 
      -----------------------------------------  ------------------------------------ 
 f.    Place of the transaction                   Off market 
      -----------------------------------------  ------------------------------------ 
 
 
 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                  Sale of Ordinary Shares 
      -----------------------------------------  ------------------------------------ 
 c.    Price(s) and volume(s)                     Price(s)           Volume(s) 
      -----------------------------------------  -----------------  ----------------- 
   GBP1.18                                                           68,882 
  ----------------------------------------------------------------  ----------------- 
 d.    Aggregated information                     Volume: 68,882 
 
        - Aggregated Volume                        Price: GBP1.18 
 
        - Price 
      -----------------------------------------  ------------------------------------ 
 e.    Date of the transaction                    28 July 2023 
      -----------------------------------------  ------------------------------------ 
 f.    Place of the transaction                   XLON - AIM 
      -----------------------------------------  ------------------------------------ 
 

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END

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July 28, 2023 09:46 ET (13:46 GMT)

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