Exercise of options

RNS Number : 7132N

Frenkel Topping Group PLC

06 September 2011

 

Frenkel Topping Group plc

Exercise of Options

Frenkel Topping Group plc (the "Company") announces that, following the exercise of options, at a price of 0.5p, granted to employees under the terms of the Frenkel Topping Enterprise Management Incentive Scheme 2004 ("FTGEMI"). The Company today has issued and allotted 1,881,271 ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares").

280,000 new Ordinary Shares issued as a result of the exercise of options were issued to Julie Dean the Company's Finance Director.  As a result Julie Dean is now beneficially interested in 943,000 issued Ordinary Shares, representing 1.66% of the issued share capital of the Company.

In addition, FTG EBT Trustees Limited ("FTGEMT"), a subsidiary of the Company on 6 September transferred 531,235 Ordinary Shares to an employee of the Company in satisfaction of the exercise of share options granted under the FTGEMT at an exercise price of 2.353 pence per share.  Following this transfer the Company holds 145,420 Ordinary Shares representing 0.26% of the issued share capital of the Company.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 12 September 2011.  The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

Following the issue of the Ordinary Shares, the Company's total issued and voting share capital will comprise of 56,733,662 Ordinary Shares. This figure 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, securities of the Company.

For further information, please contact:

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

 

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