Employee Benefit Trust Purchase

RNS Number : 0621Y

Frenkel Topping Group PLC

01 December 2017

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014

Frenkel Topping Group plc

("Frenkel Topping" or the "Group")

Employee Benefit Trust Purchase

Frenkel Topping (AIM: FEN), a specialist independent financial advisor and asset manager focused on asset protection for vulnerable clients announces that its Employee Benefit Trust ("EBT") purchased 50,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at a price of 53.5 pence per Ordinary Share on 30 November 2017.

Following the transaction, the EBT is interested in 3,178,016 Ordinary Shares, representing 4.04 per cent of the Company's total issued share capital.

The EBT is a discretionary trust for the benefit of employees of the Company and its subsidiaries, who have been granted share options. The Executive Directors of the Company are included in the class of potential beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.

Enquiries:

Frenkel Topping Paul Richardson, Executive Chairman Richard Fraser, Chief Executive Officer Stephen Bentley, Chief Finance Officer	www.frenkeltopping.co.uk Tel: [phone]
finnCap Limited                                                               Adrian Hargrave/ James Thompson/ Alex Price (Corporate Finance) Tony Quirke (Corporate Broking)	Tel: [phone]
Walbrook PR Limited Paul McManus/ Nick Rome	Tel: [phone] or [e-mail]

 

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