Director/PDMR Shareholding

RNS Number : 2080T

Frenkel Topping Group PLC

24 March 2016

 

Frenkel Topping Group plc

Exercise of Options

Frenkel Topping Group plc (the "Company") announces that it has been notified today that  Richard Fraser and Julie Dean, both directors of the Company, on 24 March 2016, exercised 500,000 options over ordinary shares of 0.5p each in the Company ("Ordinary Shares") and 110,000 options over Ordinary Shares respectively. The options exercised were granted under the terms of the Frenkel Topping Enterprise Management Incentive Scheme ("FTGEMI") and the exercise price was 13.5 pence.

Accordingly, the Company has made an application 610,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 1 April 2016 ("Admission").  The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

As a result of the exercise of options, Richard Fraser is beneficially interested in 4,323,419 Ordinary Shares, representing approximately 5.79% of the enlarged issued share capital and Julie Dean is beneficially interested in 1,290,707 Ordinary Shares, representing 1.73% of the enlarged issued share capital of the company.

Following Admission, the Company's total issued and voting share capital will comprise of 74,622,067 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

For further information, please contact:

Frenkel Topping Group plc Richard Fraser (Chief Executive)	0161 886 8000
Shore Capital Patrick Castle/Mark Percy	020 7408 4090

 

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