Last checked at 3 Oct 2022 07:00
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 and Clinical Negligence space, announces that Richard Fraser, Chief Executive Officer, has exercised and subsequently sold options over 250,000 Ordinary Shares in the Company at a price of 60 pence per ordinary share, in order to fund a property transaction. The share options were held in the Company's Employee Benefit Trust ("EBT") and the exercise price was 0.5p.
Following the sale of these shares Richard Fraser and persons closely associated ("PCAs") to him holds 1,895,907 Ordinary Shares of the Company, representing approximately 1.68 per cent. of the Company's issued share capital and Richard Fraser retains 2,750,000 share options in the Company pursuant to the exercise and sale.
The EBT held 5,564,683 Ordinary Shares prior to the option exercise and following the transaction the EBT holds 5,314,683 Ordinary Shares.
For further information:
Frenkel Topping Group plc | www.frenkeltoppinggroup.co.uk |
Richard Fraser, Chief Executive Officer | Tel: 0161 886 8000 |
finnCap Ltd (Nominated Advisor & Broker) | Tel: 020 7220 0500 |
Carl Holmes/Abigail Kelly/Milesh Hindocha (Corporate Finance) Tim Redfern / Richard Chambers (ECM) |
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 | Richard Fraser | ||||
2. | Reason for the Notification | |||||
a) | Position/status | 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) |
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d) | Aggregated information: ·Aggregated volume ·Price |
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e) | Date of the transaction | 30 September 2022 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||