Director Shareholding and Holding in Company

RNS Number : 0084R

Frenkel Topping Group PLC

27 October 2011

 

Frenkel Topping Group plc

Notification of director's dealings and interests of significant shareholder

Frenkel Topping Group plc (the "Company") announces that on 27 October 2011 it received notification that on the same day, Richard Fraser, a director of the Company, sold 1,448,882 ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares") as part of the financial settlement of his divorce at a price of 15p per share.  In addition, on the same day Richard Fraser transferred for nil consideration 300,000 Ordinary Shares to his ex wife. Following these transactions, Richard Fraser is beneficially interested in 4,312,553 Ordinary Shares, representing 7.6% of the issued share capital of the Company.

The Company further announces that on the same day as the sale and transfer of Ordinary Shares by Richard Fraser as described above it received notification from Liberty SIPP Limited ("Liberty SIPP") that Liberty SIPP had acquired 332,156 Ordinary Shares at a price of 15p per share. Liberty SIPP is now interested in 582,156 Ordinary Shares equivalent to 1.03% of the issued share capital of the Company.

Liberty SIPP is controlled by Ian Currie.  Ian Currie is now directly and indirectly interested in 5,990,929 Ordinary Shares representing 10.5% of the total voting rights in the issued share capital of the Company. 

Enquiries:

Frenkel Topping Group plc Richard Fraser (Chief Executive)	0161 886 8000
Shore Capital Pascal Keane Edward Mansfield	020 7408 4090

 

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