FRP Advisory Group PLC Award of Share Options / PDMR Notification (4056J)
15 Agosto 2023 - 8:53AM
UK Regulatory
TIDMFRP
RNS Number : 4056J
FRP Advisory Group PLC
15 August 2023
15 August 2023
FRP Advisory Group plc
("FRP", "the Company" or the "Group")
Award of Share Options / PDMR Notification
FRP Advisory Group plc, a leading national specialist business
advisory firm, announces that on 15 August 2023, the Company
granted Gavin Jones, the Company's Chief Financial Officer, 236,345
nil-cost options over ordinary shares of GBP0.001 each in the
Company ("Ordinary Shares") under the Company's Employee Incentive
Plan (EIP) (the "Award"). The Award has a value set at 125% of Mr
Jones' salary.
80% of this Award (being 100% of salary) is subject to meeting
two, three-year performance conditions set by the Remuneration
Committee. 50% of this portion of the Award will be subject to a
compound annual adjusted EPS growth performance target, using FY 30
April 2023 adjusted EPS of 7.8p as a baseline. The other 50% of
this portion of the Award will be subject to a total shareholder
return performance condition, using 108.5p as the baseline (being
the closing mid-market price of the Ordinary Shares on 30 April
2023).
20% of the Award (25% of salary) is granted without performance
conditions.
The Award will normally vest, subject to the meeting of
performance conditions as applicable, during or shortly after 30
July 2026. The Award lapses on the tenth anniversary from the date
of grant.
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 Award of nil-cost options over Ordinary
Shares
---------------------------------------- -------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ----------------------- ------------------
GBP - nil 236,345
--------------------------------------------------------------------- ------------------
d. Aggregated information
- Aggregated Volume N/A single transaction
- Price N/A single transaction
---------------------------------------- -------------------------------------------
e. Date of the transaction 15 August 2023
---------------------------------------- -------------------------------------------
f. Place of the transaction XOFF
---------------------------------------- -------------------------------------------
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)
Tel: +44 (0) 207 397 8900
Investec Bank plc (Joint Broker)
Carlton Nelson / James Rudd (Corporate Broking)
Tel: +44 (0) 207 597 4000
MHP Communications (Financial Public Relations)
Oliver Hughes
Charlie Barker
Catherine Chapman
Tel: +44 (0) 783 462 3818
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, lender services, financial modelling, valuations,
pensions and company-side advisory services.
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