Frenkel Topping Group plc
("Frenkel Topping" or the "Company" or the "Group")
Director/PDMR Dealing
Frenkel Topping Group (AIM: FEN), a specialist professional and financial services firm focused on asset protection for clients, announces that on 16 July 2021 it was informed that Richard Fraser, Chief Executive Officer, has purchased 25,000 ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares"), from his wife, Norma Fraser's SIPP for estate and tax planning purposes, at a price of 58 pence per Ordinary Share.
Following the transaction in the Company's ordinary shares Mr. Fraser's (and persons closely associated ("PCAs") to him) beneficial holding in the Company will remain unchanged at 1,995,907 Ordinary Shares of the Company, representing approximately 1.81 per cent. of the Company's issued share capital.
For further information:
| Frenkel Topping Group plc | |
| Richard Fraser, Chief Executive Officer | Tel: 0161 886 8000 |
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| finnCap Ltd | Tel: 020 7220 0500 |
| Carl Holmes/James Thompson (Corporate Finance) Tim Redfern / Richard Chambers (ECM) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Richard Fraser | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Richard Fraser, 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
| New Ordinary Shares | ||||
| Identification code | GB00B01YXQ71 | |||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
| ||||
| e) | Date of the transaction | 16 July 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Norma Fraser | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | PCA of Richard Fraser, 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
| New Ordinary Shares | ||||
| Identification code | GB00B01YXQ71 | |||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
| ||||
| e) | Date of the transaction | 16 July 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
About Frenkel Topping Group:
The financial services firm consists of Frenkel Topping Limited, Ascencia Investment Management, Obiter Wealth Management, Equatas Accountants, Forth Associates, A & M Bacon Limited and Partners in Costs Limited.
The group of companies specialises in providing financial advice and asset protection services to clients at times of financial vulnerability, with particular expertise in the field of personal injury and clinical negligence.
With more than 30 years' experience in the industry, Frenkel Topping has earned a reputation for commercial astuteness underpinned by a strong moral obligation to its clients, employees and wider society, with a continued focus on its Environmental, Social and Governance (ESG) impact.
Through its core business, Frenkel Topping Limited, the firm supports litigators pre-settlement in achieving maximum damages, by providing expert witness services, and post-settlement to achieve the best long-term financial outcomes for clients after injury. It boasts a client retention rate of 99%.
The Group's discretionary fund manager, Ascencia, provides financial portfolios for clients in unique circumstances. In recent years Ascencia has diversified its portfolios to include a Sharia-law-compliant portfolio and a number of ESG portfolios in response to increased interest in socially responsible investing (SRI).
Obiter provides a generalist wealth management service - including advice on Savings and Investments; Tax planning; Life Insurance; Critical Illness and Income protection; Endowment advice and Keyman Insurance, with a particular specialism in financial advice on pensions and pension sharing orders for the clients of divorce and family lawyers. Obiter applies the same core principles of honesty, transparency, responsibility and reliability to individuals, regardless of background or situation.
In 2019, Frenkel Topping launched its accountancy arm, Equatas, to assist clients with tax planning and move closer to providing a full end-to-end service under the Group brand, improving the experience for clients and maintaining the Group's standards throughout the client journey.
In 2020 Frenkel Topping acquired Forth Associates, a specialist forensic accounting services business which assists in financial and legal disputes. The acquisition makes Frenkel Topping the largest independent provider of financial expert witness reports to the claimant marketplace.
In 2021 Frenkel Topping acquired A & M Bacon Limited a leading costs specialist in local government and Court of Protection, and Partners in Costs Limited who specialise in civil litigation claims, including personal injury (ranging from catastrophic injury to clinical negligence), professional negligence, commercial claims and court of protection costs.
For more information visit: www.frenkeltoppinggroup.co.uk
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