Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Employee Benefit Trust Purchase

1 Dec 2017 07:00

RNS Number : 0621Y
Frenkel Topping Group PLC
01 December 2017
 

 

 

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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
HOLBMBRTMBAJBRR

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.