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

Frp AdvisoryAnnouncement

21/06/2022 13:15

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RNS Number : 6666P  FRP Advisory Group PLC  21 June 2022

21 June 2022

FRP Advisory Group plc

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

 

Transfer of Ordinary Shares to EBT

 

FRP Advisory Group plc, a leading national specialist business advisory firm,
has been notified that, on 21 June 2022, 4,412,176 ordinary shares of 0.1p
each in the Company ("Ordinary Shares") were transferred to JTC Employer
Solutions Trustee Limited as trustees of the FRP Advisory Group plc Employee
Benefit Trust (the "EBT") for nil consideration, from a former Partner of the
Group.

 

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 26,944,041 Ordinary
Shares representing 10.82 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 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:

 

·    Corporate finance: mergers & acquisitions (M&A), strategic
advisory and valuations, financial due diligence, capital raising, special
situations M&A and partial exits.

·      Restructuring advisory: corporate financial advisory, formal
insolvency appointments, informal restructuring advisory, personal insolvency
and general advice to all stakeholders.

·      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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