26 April 2024

FRP ADVISORY GROUP PLC

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

Directorate Change

FRP Advisory Group plc, a leading national specialist business advisory firm, is pleased to announce the appointment of Louise Jackson as an independent Non-Executive Director on 1 May 2024.

Louise has significant Board and leadership experience, particularly in Human Resources. She is currently a Non-Executive Director and Chair of the Remuneration Committee at AIM quoted M&C Saatchi plc and is Senior Vice President of People and Talent for the Tony Blair Institute for Global Change. 

Prior to this, Louise had HR Leadership roles including: Group Director of Talent and Leadership at the global luxury retailer, Selfridges Group Ltd, where she also sat on the Remuneration Committee; Human Resource Director of the Japanese pharmaceutical company, Kyowa Kirin International; Senior Partner in Leadership and Talent at global consulting firm, Korn Ferry International and Group People Director at British retailer Mothercare plc. Her earlier career was in management consultancy with PwC and organisational change roles at British Airways and Thomson Travel Group, as well as founding her own HR consultancy business, 7Days, where she acted as CEO for ten years.

Current FRP Non-Executive Director, Claire Balmforth, has informed the Board of her intention to retire from her post and will step down on 30 April 2024.

Penny Judd, Chair of FRP, said:

"We're delighted to welcome Louise to FRP's Board. She brings extensive experience which will be invaluable to the Board and Company as we continue to grow.

On behalf of everyone at FRP, I would also like to thank Claire for her contribution to the business. We wish her all the best in her retirement."

Pursuant to Schedule 2 (g) of the AIM Rules for Companies, Louise Ann Jackson (neé Palmer, aged 56) has held the following directorships or partnerships in the past five years:

Louise Jackson was appointed a director of 7 Days Limited on 3 May 2001 and resigned on 27 September 2011. 7 Days Limited appointed a liquidator on 11 October 2011 and was dissolved via a creditors' voluntary winding up on 11 September 2014.

Louise Jackson does not hold any ordinary shares in the Company.

There is no further information required to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for Companies.

Enquiries:

FRP Advisory Group plc                                                                     

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via MHP

Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)

Katy Birkin/Stephen Keys/George Lawson (Corporate Finance)

Tel: +44 (0) 207 220 0500

Investec Bank plc (Joint Broker)

Carlton Nelson / James Rudd (Corporate Broking)

Tel: +44 (0) 207 597 4000

MHP (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.