Form 8 (OPD) - Replacement

RNS Number : 1176C

Frenkel Topping Group PLC

05 February 2020

 

FORM 8 (OPD)

THE FOLLOWING FORM HAS BEEN AMENDED IN SECTION 3 FROM THE VERSION RELEASED ON 4 FEBRUARY 2020

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Frenkel Topping Group Plc (the "Company")
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Frenkel Topping Group Plc
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	05/02/2020
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	NO

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	Ordinary shares of 0.5p each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	0	Nil	0
(2) Cash-settled derivatives:	Nil	0	Nil	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	0	Nil	0
TOTAL:	Nil	0	Nil	0

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	None
Details, including nature of the rights concerned and relevant percentages:	None

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

3(a) Shares held by directors of Frenkel Topping Group plc and their concert parties

Director	Number of Frenkel Topping Group plc shares	Percentage of existing Frenkel Topping Group plc shares (%)
Paul Richardson (Chairman)	Nil	nil
Richard Fraser (CEO)	2,568,415	3.40
Stephen Bentley (CFO)	205,841	0.27
Mark Holt (Managing Director)	166,666	0.22
Tim Linacre (NED)	30,000	0.04

3(b) Directors' rights to subscribe to Frenkel Topping Group plc shares

Director	Plan	Number of options over Frenkel Topping Group plc shares	Date of Grant	Exercise Price
Paul Richardson (Chairman)	EMI	490,196	12/03/2018	0.5
Paul Richardson (Chairman)	Unapproved	9,804	12/03/2018	0.5
Richard Fraser (CEO)	EMI	18,750	24/08/2016	0.5
Richard Fraser (CEO)	Unapproved	981,250	24/08/2016	0.5
Richard Fraser (CEO)	Unapproved	250,000	12/03/2018	0.5
Stephen Bentley (CFO)	EMI	490,196	12/03/2018	0.5
Stephen Bentley (CFO)	Unapproved	9,804	12/03/2018	0.5
Mark Holt (Managing Director)	EMI	333,334	24/08/2016	24.0
Mark Holt (Managing Director)	EMI	176,471	12/03/2018	0.5
Mark Holt (Managing Director)	Unapproved	573,529	12/03/2018	0.5
Mark Holt (Managing Director)	Unapproved	83,500	12/03/2018	13.5
Tim Linacre (NED)	-	nil	-	-

These awards are subject to performance criteria relating to the total AUM of the Company and the AUM of the Company's DFM Ascencia and have no expiry date.

Further information on the Company's EMI and unapproved option schemes can be found in the Company's annual report available at the Company's website: https://frenkeltoppinggroup.co.uk/investors/corporate-announcements/annual-reports/ 

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	05/02/2020
Contact name:	Elaine Cullen-Grant
Telephone number:	0161 886 8045

 

END

 

 

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