REG - FRP Advisory Grp PLC - Purchase of Ordinary Shares by EBT

Frp AdvisoryAnnouncement

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RNS Number : 3400F  FRP Advisory Group PLC  21 May 2026

21 May 2026

FRP ADVISORY GROUP PLC

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

 

Purchase of Ordinary Shares by EBT

FRP Advisory Group plc, a leading national specialist business advisory firm,
announces that JTC Employer Solutions Trustee Limited as trustees of the FRP
Advisory Group plc Employee Benefit Trust (the "EBT") purchased 3,506,147
ordinary shares of 0.1p each in the Company ("Ordinary Shares") on 20 May 2026
from certain existing and former Partners of the Company at a price of 113
pence per Ordinary Share (the "EBT Purchase").

The EBT Purchase follows the announcement on 27 April 2026 of the lock-in
deeds entered into by the Company and existing and former Partners of the
Company (the "Partner Shareholders") (the "Lock-In Deeds"). In conjunction
with the announcement and following the publication of the Company's full year
trading update on 15 May 2026, an opportunity for a liquidity event was
provided to the Partner Shareholders to sell up to approximately 10.1 million
Ordinary Shares.

Total indications received from the Partner Shareholders were to sell
3,601,769 Ordinary Shares, and it was determined that 3,506,147 Ordinary
Shares would be purchased by the EBT. Geoff Rowley, Chief Executive Officer of
the Company, and Jeremy French, Chief Operating Officer of the Company, did
not participate.

Following the EBT Purchase, approximately 43.5 million Ordinary Shares remain
subject to the Lock-In Deeds, representing approximately 17 per cent. of the
Company's issued share capital.

The EBT now holds 12,028,041 Ordinary Shares, representing approximately 4.6
per cent. of the Company's issued share capital.

The person responsible for arranging the release of this announcement on
behalf of the Company is Gavin Jones, Chief Financial Officer of the Company.

 

Enquiries:

 

FRP Advisory Group plc

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via Citypress

 

Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)

Stephen Keys / George Lawson / Elysia Bough (Corporate Finance)

Tel: +44 (0) 207 220 0500

 

Berenberg (Joint Broker)

Toby Flaux / James Thompson / Brooke Harris-Lowing

+44 (0)20 3207 7800

 

Citypress (Financial Public Relations)

Martin Currie

T: +44 (0)7976291532

 

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 pre-IPO financial
services, financial due diligence, lender services, financial modelling,
valuations, pensions and company-side advisory services and corporate
governance advisory.

 

 

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