REG - FRP Advisory Grp PLC - Award of Share Options / PDMR Notification

Frp AdvisoryAnnouncement

15/08/2023 15:00

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RNS Number : 4056J  FRP Advisory Group PLC  15 August 2023

15 August 2023

FRP Advisory Group plc

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

 

Award of Share Options / PDMR Notification

 

FRP Advisory Group plc, a leading national specialist business advisory firm,
announces that on 15 August 2023, the Company granted Gavin Jones, the
Company's Chief Financial Officer, 236,345 nil-cost options over ordinary
shares of £0.001 each in the Company ("Ordinary Shares") under the Company's
Employee Incentive Plan (EIP) (the "Award"). The Award has a value set at 125%
of Mr Jones' salary.

 

80% of this Award (being 100% of salary) is subject to meeting two, three-year
performance conditions set by the Remuneration Committee. 50% of this portion
of the Award will be subject to a compound annual adjusted EPS growth
performance target, using FY 30 April 2023 adjusted EPS of 7.8p as a baseline.
The other 50% of this portion of the Award will be subject to a total
shareholder return performance condition, using 108.5p as the baseline (being
the closing mid-market price of the Ordinary Shares on 30 April 2023).

 

20% of the Award (25% of salary) is granted without performance conditions.

 

The Award will normally vest, subject to the meeting of performance conditions
as applicable, during or shortly after 30 July 2026. The Award lapses on the
tenth anniversary from the date of grant.

 

 

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 of PDMR                                                 Gavin Jones
 2   Reason for notification

 a.  Position/Status                                              Chief Financial Officer
 b.  Initial notification/                                        Initial Notification

     Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         FRP Advisory Group plc
 b.  LEI                                                          213800IPCG6DE1CVLY36
 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 £0.001 each

     Identification Code

                                                                  GB00BL9BW044
 b.  Nature of the transaction                                    Award of nil-cost options over Ordinary Shares
 c.  Price(s) and volume(s)                                       Price(s)                    Volume(s)
      GBP - nil                                                                               236,345
 d.  Aggregated information

     - Aggregated Volume                                          N/A single transaction

     - Price                                                      N/A single transaction

 e.  Date of the transaction                                      15 August 2023

 f.  Place of the transaction                                     XOFF

 

 

 

Enquiries:

 

FRP Advisory Group plc

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via MHP

 

Cenkos Securities plc (Nominated Adviser and  Joint Broker)

Katy Birkin/Max Gould (Corporate Finance)

Tel: +44 (0) 207 397 8900

 

Investec Bank plc (Joint Broker)

Carlton Nelson / James Rudd (Corporate Broking)

Tel: +44 (0) 207 597 4000

 

 

MHP Communications (Financial Public Relations)

Oliver Hughes

Charlie Barker

Catherine Chapman

 

Tel: +44 (0) 783 462 3818

FRP@mhpgroup.com (mailto:FRP@mhpgroup.com)

 

 

Notes to Editors

FRP is a leading national specialist business advisory firm established in
2010. It 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.

·      Financial advisory: transaction services including financial due
diligence, lender services, financial modelling, valuations, pensions and
company-side advisory services.

 

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