Last checked at 27 May 2020 15:08
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, announces that the wife of Richard Fraser, Chief Executive Officer of the Company, has sold 505,841 ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares") from her SIPP for tax planning purposes.
Following the sale of these shares Mr. Fraser and persons closely associated ("PCAs") to him will be interested in 2,062,574 Ordinary Shares of the Company, representing approximately 2.73 per cent. of the Company's issued share capital.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Norma Fraser | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PCA of 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
| 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 |
205,841 Ordinary Shares sold at 36.38 pence per Ordinary Share
| ||||
e) | Date of the transaction | 26 May 2020 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Norma Fraser | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PCA of 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
| 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 |
300,000 Ordinary Shares sold at 37.4063 pence per Ordinary Share
| ||||
e) | Date of the transaction | 22 May 2020 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
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/James Thompson (Corporate Finance) Tim Redfern / Richard Chambers (ECM) | |
TB Cardew | frenkeltopping@tbcardew.com |
Tom Allison Shan Shan Willenbrock Olivia Rosser
| Tel: 0207 930 0777 |
About Frenkel Topping Group: www.frenkeltopping.co.uk
The financial services firm consists of Frenkel Topping Limited, Ascencia Investment Management, Obiter Wealth Management and Equatas Accountants.
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 Group 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 bespoke 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; 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.