REG - FRP Advisory Grp PLC - Transfer of Ordinary Shares from EBT

Frp AdvisoryAnnouncement

10/03/2023 17:30

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RNS Number : 6459S  FRP Advisory Group PLC  10 March 2023

10 March 2023

FRP Advisory Group plc

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

 

Transfer of Ordinary Shares from EBT

 

FRP Advisory Group plc, a leading national specialist business advisory firm,
has been notified that, on 9 March 2023, 6,404,790 ordinary shares of 0.1p
each in the Company ("Ordinary Shares") were transferred from JTC Employer
Solutions Trustee Limited as trustees of the FRP Advisory Group plc Employee
Benefit Trust (the "EBT"), to employees of the Group following the exercise of
options over Ordinary Shares at nil cost.

 

The EBT is a discretionary trust that was established on IPO for the benefit
of employees (including Partners) and operates in connection with the FRP
Equity Incentive Plan ("EIP"). It was initially funded via vendor Partners
gifting 18,750,000 Ordinary Shares into the EBT on IPO. The EBT has waived its
rights to dividends. The Ordinary Shares held by the EBT will be used, in
accordance with the EIP, to satisfy awards made to both existing Partners and
employees and to incentivise and attract new colleagues. Following the
commencement of options vesting from 6 March 2023, Ordinary Shares will be
transferred to employees (including Partners) and dividend rights will accrue.

 

Following the above transaction, the EBT holds a total of 21,446,898 Ordinary
Shares representing 8.60 per cent. of the Company's issued share capital.

 

Purchase of shares by Chief Financial Officer

 

As part of the overall above transaction, on 9 March 2023, Gavin Jones, Chief
Financial Officer, purchased 68,181 Ordinary Shares at 110 pence per Ordinary
Share. Following this transaction, Mr Jones beneficially holds 68,181 Ordinary
Shares representing 0.03 per cent of the Company's issued share capital.

 

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)

Alex Pollen (Sales)

Tel: +44 (0) 207 397 8900

 

Investec Bank plc (Joint Broker)

Carlton Nelson / James Rudd (Corporate Broking)

Tel: +44 (0) 207 597 4000

 

MHP Group (Financial Public Relations)

Oliver Hughes

Charlie Barker

Pete Lambie

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

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, alongside its lender services, financial modelling, valuations,
pensions and company-side advisory services.

 

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                                    Purchase of Ordinary Shares
 c.  Price(s) and volume(s)                                       Price(s)                    Volume(s)
     £1.10                                                                                    68,181
 d.  Aggregated information

     - Aggregated Volume                                          N/A single transaction

     - Price                                                      N/A single transaction

 e.  Date of the transaction                                      9 March 2023

 f.  Place of the transaction                                     AIMX

 

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