REG - FRP Advisory Grp PLC - Director/PDMR Shareholding

Frp AdvisoryAnnouncement

31/08/2022 09:00

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RNS Number : 6682X  FRP Advisory Group PLC  31 August 2022

31 August 2022

FRP Advisory Group plc

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

 

Award of Share Options / PDMR Notification

 

FRP Advisory Group plc, a leading UK professional services firm specialising
in advisory services, announces that on 31 August 2022, the Company granted
Gavin Jones, the Company's Chief Financial Officer, 155,764 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 2022 adjusted EPS of 7.57p as a
baseline. The other 50% of this portion of the Award will be subject to a
total shareholder return performance condition, using 127p as the baseline
(being the closing mid-market price of the Ordinary Shares on 30 April 2022).

 

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 2025. 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                                                                               155,764
 d.  Aggregated information

     - Aggregated Volume                                          N/A single transaction

     - Price                                                      N/A single transaction

 e.  Date of the transaction                                      31 August 2022

 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 Sole Broker)

Katy Birkin/Max Gould (Corporate Finance)

Alex Pollen (Sales)

Tel: +44 (0) 207 397 8900

 

MHP Communications (Financial Public Relations)

Oliver Hughes

Charlie Barker

Pete Lambie

Tel: +44 (0) 3128 8540 / +44 (0) 20 3128 8570

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

 

Notes to Editors

FRP is a professional services firm established in 2010 which 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.

·    Pensions advisory: pension scheme transaction advisory, pension
scheme restructuring advisory, covenant advisory and corporate governance

 

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