Director/PDMR Shareholding and Holdings in Company

RNS Number : 9134D

Frenkel Topping Group PLC

24 October 2022

 

Frenkel Topping Group plc

("Frenkel Topping", the "Company" or the "Group")

Director/PDMR Shareholding

and

Holdings in Company

Frenkel Topping Group (AIM: FEN), a specialist professional and financial services firm focused on asset protection for clients, announces that Harwood Capital LLP as investment manager to North Atlantic Smaller Companies Investment Trust plc ("NASCIT") had purchased 6,675,000 ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares"), at a price of 58 pence per Ordinary Share (the "Purchase"), Christopher Mills, Non-executive Director of the Company and a director of NASCIT, is now interested in 38,000,000 Ordinary Shares of the Company, representing approximately 29.82 per cent. of the Company's issued share capital. 

For further information:

Frenkel Topping Group plc	www.frenkeltoppinggroup.co.uk
Richard Fraser, Chief Executive Officer	Tel: [phone]
finnCap Ltd (Nominated Advisor & Broker)	Tel: [phone]
Carl Holmes/Abigail Kelly/Milesh Hindocha (Corporate Finance) Tim Redfern (ECM)

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Harwood Capital LLP as investment manager to NASCIT.
2	Reason for the notification
a)	Position/status	Harwood Capital LLP and NASCIT are PCAs of Christopher Mills, Non-Executive Director of Frenkel Topping plc
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Frenkel Topping Group plc
b)	LEI	213800I5L3K7AT7A4R20
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 0.5 pence each
	Identification code	GB00B01YXQ71
b)	Nature of the transaction	Share purchase
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.58	6,675,000
d)	Aggregated information
	- Aggregated volume	6,675,000
	- Price	£3,871,500
e)	Date of the transaction	21 October 2022
f)	Place of the transaction	London Stock Exchange

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B01YXQ71

Issuer Name

FRENKEL TOPPING GROUP PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Harwood Capital LLP

City of registered office (if applicable)

Country of registered office (if applicable)

4. Details of the shareholder

Name	City of registered office	Country of registered office
NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC	London	United Kingdom

5. Date on which the threshold was crossed or reached

21-Oct-2022

6. Date on which Issuer notified

24-Oct-2022

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	29.820000	0.000000	29.820000	38000000
Position of previous notification (if applicable)	24.300000	0.000000	24.300000	27,500,000

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00B01YXQ71	38000000		29.820000
Sub Total 8.A	38000000		29.820000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Christopher Harwood Bernard Mills	North Atlantic Smaller Companies Investment Trust Plc	29.820000

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

21-Oct-2022

13. Place Of Completion

London

 

END

 

 

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