Frp Advisory Group Regulatory News (FRP)

6 March 2020

FRP ADVISORY GROUP PLC

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

ADMISSION TO TRADING ON AIM AND FIRST DAY OF DEALINGS

FRP Advisory Group plc, a leading UK professional services firm specialising in restructuring advisory, is pleased to announce that admission of its shares to trading on the AIM market of the London Stock Exchange ("Admission") will take place and dealings will commence at 8.00 a.m. today under the ticker FRP. The ISIN for the ordinary shares is GB00BL9BW044 and the SEDOL is BL9BW04.

Highlights:

· The successful placing with institutional investors raised gross proceeds of £80 million at a placing price of 80 pence per share:

o £20 million raised through the placing of new ordinary shares

o £60 million raised for selling shareholders through the placing of existing ordinary shares

· The net proceeds from the £20 million placing of new ordinary shares will principally be used by the Company to strengthen its balance sheet and to fund opportunistic acquisitions

· On Admission, the Company will have a market capitalisation of £190 million and 237,500,560 ordinary shares in issue

Cenkos Securities plc is acting as Nominated Adviser and Broker, and Sole Bookrunner in relation to Admission.

The Company's admission document is available to view on its website www.frpadvisory.com.

Geoff Rowley, Chief Executive Officer of FRP Advisory Group plc, said:

"We are delighted to commence trading on AIM, having received an excellent reception during our IPO. Today is a significant milestone for FRP Advisory and the next important step in our development as we continue to attract new talent and expand our profile, market share and office footprint.

I would like to thank our new investors, colleagues and business partners for their ongoing support and look forward to working with them during the next phase of our growth journey."

Enquiries:

FRP Advisory Group plc

Geoff Rowley, CEO

Jeremy French, COO

Enquiries via MHP

Cenkos Securities plc (Nominated Adviser and Sole Broker)

Max Hartley/Max Gould (Corporate Finance)

Alex Pollen (Sales)

Tel: +44 (0) 207 397 8900

MHP Communications (Financial Public Relations)

Oliver Hughes

Charlie Barker

Pete Lambie

Tel: +44 (0) 20 3128 8570

FRP@mhpc.com 

Notes to Editors

FRP is a professional services firm established in 2010 which 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.

· Pensions advisory: pension scheme transaction advisory, pension scheme restructuring advisory, covenant advisory and corporate governance