Last checked at 1 Dec 2017 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014
Frenkel Topping Group plc
("Frenkel Topping" or the "Group")
Employee Benefit Trust Purchase
Frenkel Topping (AIM: FEN), a specialist independent financial advisor and asset manager focused on asset protection for vulnerable clients announces that its Employee Benefit Trust ("EBT") purchased 50,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at a price of 53.5 pence per Ordinary Share on 30 November 2017.
Following the transaction, the EBT is interested in 3,178,016 Ordinary Shares, representing 4.04 per cent of the Company's total issued share capital.
The EBT is a discretionary trust for the benefit of employees of the Company and its subsidiaries, who have been granted share options. The Executive Directors of the Company are included in the class of potential beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.
Enquiries:
Frenkel Topping Paul Richardson, Executive Chairman Richard Fraser, Chief Executive Officer Stephen Bentley, Chief Finance Officer
| www.frenkeltopping.co.uk Tel: 0161 886 8000 |
finnCap Limited Adrian Hargrave/ James Thompson/ Alex Price (Corporate Finance) Tony Quirke (Corporate Broking)
| Tel: 020 7220 0500 |
Walbrook PR Limited Paul McManus/ Nick Rome | Tel: 020 7933 8780 or frenkeltopping@walbrookpr.com
|