Result of General Meeting

RNS Number : 2932U

Frenkel Topping Group PLC

29 July 2022

 

Frenkel Topping Group plc

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

Result of General Meeting 

Frenkel Topping Group (AIM: FEN), a specialist professional and financial services firm operating in the Personal Injury and Clinical Negligence space, is pleased to announce that at the General Meeting held earlier today, all the resolutions as set out in the Notice General Meeting, were duly passed.

Admission and dealings

Application will be made to the London Stock Exchange plc for Admission of the Placing Shares to trading on AIM.

Application has been made to the London Stock Exchange for 8,627,915. new Ordinary Shares, representing the, in aggregate, 8,627,915 Second Placing Shares to be admitted to trading on AIM ("Second Admission"), and it is expected that Second Admission will become effective and trading will commence in the Second Placing Shares at 8 a.m. on 1 August.

Total Voting Rights

Following the Admission of the Second Placing Shares, the total number of Ordinary Shares in the Company will be 127,443,064. 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 the Company under the FCA's Disclosure and Transparency Rules.

For further information:   

Frenkel Topping Group plc	www.frenkeltoppinggroup.co.uk
Richard Fraser, Chief Executive Officer	Tel: [phone]
finnCap Ltd	Tel: [phone]
Carl Holmes/James Thompson/Milesh Hindocha (Corporate Finance) Tim Redfern / Richard Chambers (ECM)

About Frenkel Topping Group: 

The financial services firm consists of Frenkel Topping Limited, Ascencia Investment Management, Obiter Wealth Management, Equatas Accountants, Forth Associates, A & M Bacon Limited, Partners in Costs Limited, Bidwell Henderson Costs Consultants Ltd and Cardinal Management Limited.

The group of companies specialises in providing financial advice and asset protection services to clients at times of financial vulnerability, with particular expertise in the field of personal injury and clinical negligence.

With more than 30 years' experience in the industry, Frenkel Topping has earned a reputation for commercial astuteness underpinned by a strong moral obligation to its clients, employees and wider society, with a continued focus on its Environmental, Social and Governance (ESG) impact.

Through its core business, Frenkel Topping Limited, the firm supports litigators pre-settlement in achieving maximum damages, by providing expert witness services, and post-settlement to achieve the best long-term financial outcomes for clients after injury. It boasts a client retention rate of 99%.

The Group's discretionary fund manager, Ascencia, provides financial portfolios for clients in unique circumstances. In recent years Ascencia has diversified its portfolios to include a Sharia-law-compliant portfolio and a number of ESG portfolios in response to increased interest in socially responsible investing (SRI).

Obiter provides a generalist wealth management service - including advice on Savings and Investments; Tax planning; Life Insurance; Critical Illness and Income protection; Endowment advice and Keyman Insurance, with a particular specialism in financial advice on pensions and pension sharing orders for the clients of divorce and family lawyers. Obiter applies the same core principles of honesty, transparency, responsibility and reliability to individuals, regardless of background or situation.

In 2019, Frenkel Topping launched its accountancy arm, Equatas, to assist clients with tax planning and move closer to providing a full end-to-end service under the Group brand, improving the experience for clients and maintaining the Group's standards throughout the client journey.

In 2020 Frenkel Topping acquired Forth Associates, a specialist forensic accounting services business which assists in financial and legal disputes. The acquisition makes Frenkel Topping the largest independent provider of financial expert witness reports to the claimant marketplace.

Earlier in 2021 Frenkel Topping acquired A & M Bacon Limited a leading costs specialist in local government and Court of Protection, and Partners in Costs Limited who specialise in civil litigation claims, including personal injury (ranging from catastrophic injury to clinical negligence), professional negligence, commercial claims and court of protection costs.

Later in 2021, costs consultants, Bidwell Henderson. joined the Frenkel Topping Group of businesses. One of the UK's largest professional legal services companies specialising in both legal aid and inter partes law costs drafting, legal cashiering and costs training services, Bidwell Henderson are the go-to legal aid costs agency for drafting cost case plans where significant high-costs are involved in large scale and complex legal cases.

In January 2022, the Group acquired Cardinal Management Limited - a firm founded in 2015 by Andrew Pemberton who worked with St. George's Hospital London to develop the Major Trauma Signposting Partnership service.  The company has now successfully implemented the MTSP at seven NHS Major Trauma Centres and has provided bedside support to more than 2,000 severely injured patients.

For more information visit:  www.frenkeltoppinggroup.co.uk

 

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