TIDMFEN

RNS Number : 9994J

Frenkel Topping Group PLC

15 September 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                              Frenkel Topping Group Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  ------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                       X 
-----------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-----------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
-----------------------------------------------------------------  --------------------------------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------  --------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  ------  --------------------------------- 
 3. Full name of person(s)                                                      Michael Alan Spencer 
  subject to the                                                             IPGL (Holdings) Limited 
  notification obligation:                                                              IPGL Limited 
  (iii)                                                              Intercapital Brokerage Services 
                                                                                                 Ltd 
                                                                                    Incap Finance BV 
-----------------------------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s)                                          Incap Finance BV (4,888,773 
  (if different from 3.):(iv)                                                                shares) 
                                                                     IPGL Limited (3,087,772 shares) 
-----------------------------------------------------------  --------------------------------------- 
 5. Date of the transaction                                                        15 September 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------------- 
 6. Date on which issuer                                                           15 September 2016 
  notified: 
-----------------------------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are                                  8%, 9%, and 10% in relation 
  crossed or                                                   to all parties subject to 
  reached: (vi, vii)                                           the notification obligation 
-----------------------------------------------------------  --------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type    Situation previous                   Resulting situation after the 
 of             to the triggering                    triggering transaction 
 shares         transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
------------  -----------------------------------  ------------------------------------------------------------------- 
               Number            Number             Number          Number of voting          % of voting 
                of                of                 of shares       rights                    rights (x) 
                Shares            Voting 
                                  Rights 
------------  ----------------  -----------------  --------------  ------------------------  ------------------------- 
                                                    Direct          Direct     Indirect       Direct        Indirect 
                                                                    (xi)        (xii) 
------------      ------------    -------------    --------------  ---------  -------------  ------------  ----------- 
 Ordinary      5,976,545         5,976,545          0               0          7,976,545      0             10.40 
              ----------------  -----------------  --------------  ---------  -------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of           Expiration      Exercise/                          Number of voting            % of voting 
 financial          date            Conversion                         rights that                 rights 
 instrument         (xiii)          Period (xiv)                       may be 
                                                                       acquired if 
                                                                       the 
                                                                       instrument 
                                                                       is 
                                                                       exercised/ 
                                                                       converted. 
----------------  --------------  ---------------------------------  --------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of         Exercise        Expiration       Exercise/         Number of voting            % of voting 
 financial        price          date             Conversion         rights instrument           rights (xix, 
 instrument                      (xvii)           period             refers to                   xx) 
                                                  (xviii) 
--------------  --------------  ---------------  ----------------  --------------------------  ----------------------- 
                                                                                                Nominal       Delta 
--------------  --------------  ---------------  ----------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------- 
 7,976,545                                            10.40 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------- 
                       Incap Finance BV is a wholly owned subsidiary of Incap 
                      Netherlands (Holdings) BV. Incap Netherlands (Holdings) 
                    BV is owned as to 34.30% by IPGL Limited and as to 65.70% 
                         by Intercapital Brokerage Services Ltd. Intercapital 
                          Brokerage Services Ltd is a wholly owned subsidiary 
                   of IPGL Limited. IPGL Limited is a wholly owned subsidiary 
                      of IPGL (Holdings) Limited. Mr Spencer holds a majority 
                             of the voting rights in IPGL (Holdings) Limited. 
 
 Proxy Voting: 
----------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            N/A 
-------------------------------------------------------  -------------------- 
 11. Number of voting rights proxy                                        N/A 
  holder will cease 
  to hold: 
-------------------------------------------------------  -------------------- 
 12. Date on which proxy holder will                                      N/A 
  cease to hold 
  voting rights: 
-------------------------------------------------------  -------------------- 
 
 
  13. Additional information:                                             N/A 
-------------------------------------------------------  -------------------- 
 14. Contact name:                                            Tom Scarborough 
-------------------------------------------------------  -------------------- 
 15. Contact telephone number:                            +44 (0)207 448 0360 
-------------------------------------------------------  -------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 15, 2016 12:36 ET (16:36 GMT)

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