REG - Frenkel Topping Grp - Director/PDMR Shareholding and Holdings in Company

Frenkel ToppingAnnouncement

24/10/2022 14:30

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RNS Number : 9134D  Frenkel Topping Group PLC  24 October 2022

Frenkel Topping Group plc

("Frenkel Topping", the "Company" or the "Group")

Director/PDMR Shareholding

and

Holdings in Company

Frenkel Topping Group (AIM: FEN), a specialist professional and financial
services firm focused on asset protection for clients, announces that Harwood
Capital LLP as investment manager to North Atlantic Smaller Companies
Investment Trust plc ("NASCIT") had purchased 6,675,000 ordinary shares of
0.5p each in the capital of the Company ("Ordinary Shares"), at a price
of 58 pence per Ordinary Share (the "Purchase"), Christopher Mills,
Non-executive Director of the Company and a director of NASCIT, is now
interested in 38,000,000 Ordinary Shares of the Company, representing
approximately 29.82 per cent. of the Company's issued share capital.

For further information:

 Frenkel Topping Group plc                                      www.frenkeltoppinggroup.co.uk (http://www.frenkeltoppinggroup.co.uk/)
 Richard Fraser, Chief Executive Officer                        Tel: 0161 886 8000

 finnCap Ltd (Nominated Advisor & Broker)                       Tel: 020 7220 0500
 Carl Holmes/Abigail Kelly/Milesh Hindocha (Corporate Finance)

 Tim Redfern (ECM)

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Harwood Capital LLP as investment manager to NASCIT.

 2    Reason for the notification

 a)   Position/status                                              Harwood Capital LLP and NASCIT are PCAs of Christopher Mills, Non-Executive

                                                            Director of Frenkel Topping plc

 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  Ordinary shares of 0.5 pence each

      Identification code                                          GB00B01YXQ71

 b)   Nature of the transaction                                    Share purchase

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        £0.58                6,675,000

 d)   Aggregated information

      - Aggregated volume                                          6,675,000

      - Price                                                      £3,871,500

 e)   Date of the transaction                                      21 October 2022

 f)   Place of the transaction                                     London Stock Exchange

 

 

 

 

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B01YXQ71

Issuer Name

FRENKEL TOPPING GROUP PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Harwood Capital LLP

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

4. Details of the shareholder

 Name                                                   City of registered office  Country of registered office
 NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC  London                     United Kingdom

5. Date on which the threshold was crossed or reached

21-Oct-2022

6. Date on which Issuer notified

24-Oct-2022

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  29.820000                                             0.000000                                                                   29.820000                       38000000
 Position of previous notification (if applicable)                          24.300000                                             0.000000                                                                   24.300000                       27,500,000

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00B01YXQ71                                 38000000                                                                              29.820000
 Sub Total 8.A                                38000000                                                                              29.820000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person        Name of controlled undertaking                         % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                                       than the notifiable threshold
 Christopher Harwood Bernard Mills  North Atlantic Smaller Companies Investment Trust Plc  29.820000

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

21-Oct-2022

13. Place Of Completion

London

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