Issue of consideration shares
Frenkel Topping Group plc
("Frenkel Topping", "the Company" or the "Group")
Issue of consideration shares
Frenkel Topping Group (AIM: FEN), a specialist professional and financial services firm operating in the Personal Injury (PI) Clinical Negligence (CN) space, announces the issue of 570,000 ordinary shares of 0.5 pence each ("Ordinary Share") as deferred consideration pursuant to the acquisition of Forths Associates Limited ("Forths") (the "Acquisition"), on 22 July 2020. As final settlement of the outstanding deferred consideration, details of which were set out at the time of the announcement of the Acquisition, 455,943 Ordinary Shares will be issued to Richard Forth, and 114,057 Ordinary Shares will be issued to Anthony Flint.
Application has been made to the London Stock Exchange for the 570,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 24 July 2023.
Following admission, the total number of Ordinary Shares in issue will be 128,013,064 and the total number of voting rights will therefore be 128,013,064. 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information:
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Frenkel Topping Group plc |
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Richard Fraser, Chief Executive Officer |
Tel: 0161 886 8000 |
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finnCap Ltd |
Tel: 020 7220 0500 |
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Carl Holmes/Abigail Kelly/Milesh Hindocha (Corporate Finance) Tim Redfern / Charlotte Sutcliffe (ECM) |
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About Frenkel Topping Group
The Frenkel Topping 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 (PI) and clinical negligence (CN).
For more than 30 years the Group has worked with legal professionals and injured clients themselves to provide pre-settlement, at-settlement and post-settlement services to help achieve the best long-term outcomes for clients after injury. It boasts a client retention rate of 99%.
Frenkel Topping Group is focused on consolidating the fragmented PI and CN space in order to provide the most comprehensive suite of services to clients and deliver a best-in-class service offering from immediately after injury or illness and for the rest of their lives.
The Group's services include the Major Trauma Signposting Partnership service inside NHS Major Trauma Centres, expert witness, costs, tax and forensic accountancy, independent financial advice, investment management, and care and case management.
The Group's discretionary fund manager, Ascencia, manages financial portfolios for clients in unique circumstances, often who have received a financial settlement after litigation. 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).
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.
For more information visit: www.frenkeltoppinggroup.co.uk
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