REG - Frenkel Topping Grp - Directorate Change

Frenkel ToppingAnnouncement

20/02/2024 07:00

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RNS Number : 6669D  Frenkel Topping Group PLC  20 February 2024

20 February 2024

 

The information contained within this announcement was deemed by the Company
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 as amended.  With the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

Frenkel Topping Group plc

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

Directorate Change

 

 

Frenkel Topping Group (AIM: FEN), a specialist independent financial advisor
and wealth manager focused on asset protection for clients, is pleased to
announce the appointment of Christopher Mills as Non-Executive Chairman with
immediate effect.

 

Mr. Mills joined the board of Frenkel Topping as Non-Executive Director on 20
May 2020. Pursuant to a number of recent exits by Harwood Capital Management,
Mr. Mills has consequently stepped down from a number of company boards as a
non-executive director. This has given Mr. Mills capacity to take on the role
as Non-Executive Chairman of Frenkel Topping and provided him more time to
devote to the business in which he is a major shareholder.

 

Mr. Mills founded Harwood Capital Management in 2011, a successor to its
former parent company JO Hambro Capital Management, which he co-founded in
1993 and of which he was formerly the Chief Investment Officer. He is
currently the Chief Executive Officer and Investment Manager of North Atlantic
Smaller Companies Investment Trust plc, a UK listed investment trust, and a
non-executive Director of several companies including AssetCo plc, MJ Gleeson
plc and Oryx International Growth Fund Limited.

 

Former Chairman, Tim Linacre, will remain on the Board of the Company, taking
up the position of Senior Independent Non-Executive Director to support
Frenkel Topping's  strategy going forward. Mr. Linacre joined the board of
Frenkel Topping in 2018 with more than 30 years' experience in financial
services as a stockbroker and an investment banker and more latterly in
financial public relations.

 

Chief Executive Officer, Richard Fraser, said: "Christopher has a deep
understanding of the business and our ambitions and brings a wealth of
experience in financial services and public companies to support us in our
next stage of growth. I believe his guidance in the role of Chairman will be
of great value to Frenkel Topping.

 

"I would also like to thank Tim for his contribution and dedication as
Chairman since 2020 and I am delighted he has agreed to remain on the board
and I look forward to working with him as Senior Independent Non-Executive
Director in the future as we continue to grow the company.

 

 

As at the date of this announcement 38,350,000 ordinary shares of 0.5p each in
the capital of the Company, representing 29.96 per cent. of the issued share
capital of the Company are held by North Atlantic Smaller Companies Investment
Trust plc ("NASCIT") a company of which Mr. Mills is both a shareholder and
director.

 

 

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

 Cavendish Capital Markets Ltd (Nominated Advisor & Broker)       Tel: 020 7220 0500
 Carl Holmes/Abigail Kelly/Fergus Sullivan (Corporate Finance)

 Tim Redfern (ECM)

 

About Frenkel Topping Group

 

The Frenkel Topping 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 (PI)
and clinical negligence (CN).

 

For more than 30 years the Group has worked with legal professionals and
injured clients themselves to provide pre-settlement, at-settlement and
post-settlement services to help achieve the best long-term outcomes for
clients after injury. It boasts a client retention rate of 99%.

 

Frenkel Topping Group is focused on consolidating the fragmented PI and CN
space in order to provide the most comprehensive suite of services to clients
and deliver a best-in-class service offering from immediately after injury or
illness and for the rest of their lives.

 

The group's services include the Major Trauma Signposting Partnership service
inside NHS Major Trauma Centres, expert witness, costs, tax and forensic
accountancy, independent financial advice, investment management, and care and
case management.

 

The Group's discretionary fund manager, Ascencia, manages financial
portfolios for clients in unique circumstances, often who have received a
financial settlement after litigation. 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).

 

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.

 

For more information visit:      www.frenkeltoppinggroup.co.uk
(https://protect-eu.mimecast.com/s/WNCMCR1EKSxDwoTNKWD-?domain=frenkeltoppinggroup.co.uk)

 

 

 

 

 

 

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