TIDMFEN
RNS Number : 9343Q
Frenkel Topping Group PLC
03 March 2021
Frenkel Topping Group plc
("Frenkel Topping" or "the Company")
Director/PDMR Dealing
Frenkel Topping (AIM: FEN), a specialist independent financial
advisor and asset manager focused on asset protection for
vulnerable clients, was notified on 2 March 2021 of the following
dealings by Directors/PDMRs of the Company.
Richard Fraser, CEO, has exercised options over 250,000 ordinary
shares of 0.5p each ("Ordinary Shares") and subsequently sold
316,677 Ordinary Shares 1 at a price of 48.5 pence per share on 2
March 2021. Mr. Fraser's resulting beneficial interest will be
1,995,907, representing 1.81 per cent. of the issued share capital
of the Company.
Mark Holt, COO, has exercised options over 333,333 Ordinary
Shares and subsequently sold 333,333 Ordinary Shares at a price of
48.5 pence per share on 2 March 2021. Mr. Holt's resulting
beneficial interest will be 329,791, representing 0.30 per cent. of
the issued share capital of the Company.
(the "Exercise" and the "Sale").
The Exercise and Sale are being made for tax planning purposes
and Mr. Fraser and Mr. Holt remain very supportive long term
shareholders.
No new shares were issued to satisfy the Exercise. The Ordinary
Shares were transferred from the The Frenkel Topping Employee
Benefit Trust (the "Trust") at a price of 48.5 pence per share
("Transfer"). Following the Transfer, the Trust will be interested
in 5,564,683 Ordinary Shares of the Company, representing
approximately 5.06 per cent. of the Company's issued share capital
.
1 Of these, 66,677 Ordinary Shares were held in his wife's, Norma Fraser, SIPP.
For further information:
Frenkel Topping Group plc www.frenkeltopping.co.uk
Richard Fraser, Chief Executive Officer Tel: 0161 886 8000
finnCap Ltd Tel: 020 7220 0500
Carl Holmes/Giles Rolls (Corporate Finance)
Tim Redfern / Richard Chambers (ECM)
About Frenkel Topping Group:
The financial services firm consists of Frenkel Topping Limited,
Ascencia Investment Management, Obiter Wealth Management, Equatas
Accountants, Forth Associates, A & M Bacon Limited and Partners
in Costs Limited.
The 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 and clinical negligence.
With more than 30 years' experience in the industry, 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.
Through its core business, Frenkel Topping Limited, the firm
supports litigators pre-settlement in achieving maximum damages, by
providing expert witness services, and post-settlement to achieve
the best long-term financial outcomes for clients after injury. It
boasts a client retention rate of 99%.
The Group's discretionary fund manager, Ascencia, provides
financial portfolios for clients in unique circumstances. 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).
Obiter provides a generalist wealth management service -
including advice on Savings and Investments; Tax planning; Life
Insurance; Critical Illness and Income protection; Endowment advice
and Keyman Insurance, with a particular specialism in financial
advice on pensions and pension sharing orders for the clients of
divorce and family lawyers. Obiter applies the same core principles
of honesty, transparency, responsibility and reliability to
individuals, regardless of background or situation.
In 2019, Frenkel Topping launched its accountancy arm, Equatas,
to assist clients with tax planning and move closer to providing a
full end-to-end service under the Group brand, improving the
experience for clients and maintaining the Group's standards
throughout the client journey.
In 2020 Frenkel Topping acquired Forth Associates, a specialist
forensic accounting services business which assists in financial
and legal disputes. The acquisition makes Frenkel Topping the
largest independent provider of financial expert witness reports to
the claimant marketplace.
In 2021 Frenkel Topping acquired A & M Bacon Limited a
leading costs specialist in local government and Court of
Protection, and Partners in Costs Limited who specialise in civil
litigation claims, including personal injury (ranging from
catastrophic injury to clinical negligence), professional
negligence, commercial claims and court of protection costs.
For more information visit: www.frenkeltoppinggroup.co.uk
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Fraser and Norma Fraser
------------------------------- ----------------------------------------------------
2. Reason for the Notification
-------------------------------------------------------------------------------------
a) Position/status CEO
------------------------------- ----------------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Frenkel Topping Group plc
------------------------------- ----------------------------------------------------
b) LEI 213800I5L3K7AT7A4R20
------------------------------- ----------------------------------------------------
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
Financial instrument, Options over Ordinary Shares
type of instrument
Identification code GB00B01YXQ71
------------------------------- ----------------------------------------------------
b) Nature of the transaction Exercise and Sale of Ordinary Shares
------------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Exercise (Richard Fraser) Volume(s) Price (pence)
250,000 48.5
--------------
Sale (Richard Fraser) Volume(s) Price (pence)
250,000 48.5
--------------
Sale (Norma Fraser) Volume(s) Price (pence)
66,667 48.5
--------------
------------------------------- ----------------------------------------------------
d) Aggregated information: As above
* Aggregated volume
* Price
------------------------------- ----------------------------------------------------
e) Date of the transaction 2 March 2021
------------------------------- ----------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Holt
------------------------------- -------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------
a) Position/status COO
------------------------------- -------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Frenkel Topping Group plc
------------------------------- -------------------------------------
b) LEI 213800I5L3K7AT7A4R20
------------------------------- -------------------------------------
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
Financial instrument, Options over Ordinary Shares
type of instrument
Identification code GB00B01YXQ71
------------------------------- -------------------------------------
b) Nature of the transaction Exercise and Sale of Ordinary Shares
------------------------------- -------------------------------------
c) Price(s) and volume(s) Exercise Volume(s) Price (pence)
333,333 48.5
--------------
Sale Volume(s) Price (pence)
333,333 48.5
--------------
------------------------------- -------------------------------------
d) Aggregated information:
* Aggregated volume As above
* Price
------------------------------- -------------------------------------
e) Date of the transaction 2 March 2021
------------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- -------------------------------------
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END
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