Transaction in own shares and TVR

RNS Number : 9449R

Frenkel Topping Group PLC

05 March 2019

 

Frenkel Topping Group plc

("Frenkel Topping" or "the Company")

Transaction in own shares and TVR

Frenkel Topping announces that, pursuant to the share buy-back programme being conducted, as announced on 22 November 2018, on 5 March 2019, the Company purchased 8,132 ordinary shares of £0.005 each in the capital of the Company ("Ordinary Shares") at a price per Ordinary Share of 32.25 pence by finnCap Ltd (acting as the Company's broker) (the "Transaction").

Total Voting Rights

Following the Transaction, the issued share capital of the Company remains unchanged at 78,657,349. The total voting rights in the Company is now 75,551,641 with 3,105,708 Ordinary Shares held in Treasury. The figure of 75,551,641 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, the Company.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains a summary of and detailed information about the purchases made by finnCap on behalf of the Company.

Summary of buy-back transactions

Date of purchase	5 March 2019
Number of Ordinary Shares purchased	8,132
Highest price paid per share (pence)	32.25 pence
Lowest price paid per share (pence)	32.25 pence
The average price paid per share (pence)	32.25 pence

For further information:

Frenkel Topping Group plc Richard Fraser. Chief Executive Officer	www.frenkeltopping.co.uk
Stephen Bentley, Chief Finance Officer Mark Holt, Group Commercial Director	Tel: [phone]
finnCap Ltd	Tel: [phone]
Carl Holmes/James Thompson (Corporate Finance)
Tim Redfern / Richard Chambers (ECM)
TB Cardew Tom Allison / Shan Shan Willenbrock	Tel: [phone]  [e-mail]

About Frenkel Topping: www.frenkeltopping.co.uk

Frenkel Topping provides specialist independent financial advice focussed on asset protection for clients. The specialist independent financial adviser has a market leading position providing advice and fund management services for personal injury trusts and clinical negligence awards and is well placed to provide services to a wider customer base.

The Company provides a range of wealth management services including bespoke investment portfolios, personal and corporate financial advice and tax planning. It is focused on increasing its assets under management by continued growth of the business by an increase in the number of highly qualified fee earners for the provision of its industry leading specialisms. It has a national presence with offices in Manchester, Birmingham, Cardiff, London and Leeds and has relationships and infrastructure in place to further grow its reach and target markets.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

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