Last checked at 29 Aug 2012 12:00
Frenkel Topping Group plc
Exercise of Options
Frenkel Topping Group plc (the "Company") announces that, following the exercise of options, at a price of 0.5p, granted to employees under the terms of the Frenkel Topping Enterprise Management Incentive Scheme 2004 ("FTGEMI"). The Company today has issued and allotted 1,355,646 ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares").
233,467 new Ordinary Shares issued as a result of the exercise of options were issued to Julie Dean the Company's Finance Director. As a result Julie Dean is now beneficially interested in 1,176,467 issued Ordinary Shares, representing 2.03% of the issued share capital of the Company.
Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 4 September 2012. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.
Following the issue of the Ordinary Shares, the Company's total issued and voting share capital will comprise of 58,089,308 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.
For further information, please contact:
Frenkel Topping Group plc Richard Fraser (Chief Executive)
| 0161 886 8000
|
Shore Capital Pascal Keane Patrick Castle | 020 7408 4090 |