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 | |
| Richard Fraser, Chief Executive Officer | Tel: 0161 886 8000 |
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| 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 | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Richard Fraser, Chief Executive Officer | ||||
| 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 Financial instrument, type of instrument
| New Ordinary Shares | ||||
| Identification code | GB00B01YXQ71 | |||||
| b) | Nature of the transaction | Exercise of Options over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: ·Aggregated volume ·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 | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Richard Fraser, Chief Executive Officer | ||||
| 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 Financial instrument, type of instrument
| New Ordinary Shares | ||||
| Identification code | GB00B01YXQ71 | |||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: ·Aggregated volume ·Price |
| ||||
| e) | Date of the transaction | 19/06/23 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
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