TIDMFRP
RNS Number : 2016U
FRP Advisory Group PLC
24 March 2023
24 March 2023
FRP Advisory Group plc
("FRP", "the Company" or the "Group")
PDMR Dealings and Total Voting Rights
FRP Advisory Group plc, a leading national specialist business
advisory firm, announces that on 24 March 2023, Nigel Guy, David
Adams and David Chubb, non-executive directors of the Company,
exercised the options granted to them on the Company's IPO in
respect of a total of 137,500 ordinary shares of 0.1p each in the
Company ("Option Shares") at nominal value. Further details are set
out below.
Application has been made for the Option Shares to be admitted
to trading on AIM ("Admission"). Admission is expected to become
effective on [30] March 2023 and the Option Shares will, on issue,
rank pari passu in all respects with the Company's existing
Ordinary Shares.
Following Admission, the Company will have 249,401,058 Ordinary
Shares in issue, each with voting rights, which figure may be used
by shareholders in the Company 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 Financial Conduct
Authority's Disclosure Guidance and Transparency Rules. The Company
does not hold any Ordinary Shares in treasury.
On Admission, the relevant directors' shareholdings will be as
follows:
Director Option Shares Total Shareholding Percentage of issued
on Admission share capital on Admission
Nigel Guy 68,750 93,750 0.04
-------------- ------------------- ----------------------------
David Adams 62,500 475,000 0.19
-------------- ------------------- ----------------------------
David Chubb 6,250 68,750 0.03
-------------- ------------------- ----------------------------
Enquiries:
FRP Advisory Group plc
Geoff Rowley, CEO
Jeremy French, COO
Gavin Jones, CFO
Enquiries via MHP
Cenkos Securities plc (Nominated Adviser and Joint Broker)
Katy Birkin/Max Gould (Corporate Finance)
Alex Pollen (Sales)
Tel: +44 (0) 207 397 8900
Investec Bank plc (Joint Broker)
Carlton Nelson / James Rudd (Corporate Broking)
Tel: +44 (0) 207 597 4000
MHP Group (Financial Public Relations)
Oliver Hughes
Charlie Barker
Pete Lambie
Tel: +44 (0) 3128 8540 / +44 (0) 20 3128 8570
FRP@mhpgroup.com
Notes to Editors
FRP is a leading national specialist business advisory firm
established in 2010. It offers a range of advisory services to
companies, lenders, investors and other stakeholders, as well as
individuals. These services include:
-- Restructuring advisory: corporate financial advisory, formal
insolvency appointments, informal restructuring advisory, personal
insolvency and general advice to all stakeholders.
-- Corporate finance: mergers & acquisitions (M&A),
strategic advisory and valuations, financial due diligence, capital
raising, special situations M&A and partial exits.
-- Debt advisory: raising and refinancing debt, debt amendments
and extensions, restructuring debt, asset based lending and
corporate and leveraged debt advisory.
-- Forensic services: forensic investigations, compliance and
risk advisory, dispute services and forensic technology.
-- Financial advisory: transaction services including financial
due diligence, alongside its lender services, financial modelling,
valuations, pensions and company-side advisory services.
1 Details of the person discharging managerial responsibilities/person
closely associated
a. Name of PDMR Nigel Guy
----------------------------------------- ------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------
a. Position/Status Non-Executive Director
----------------------------------------- ------------------------------------
b. Initial notification/ Initial Notification
Amendment
----------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a. Name FRP Advisory Group plc
----------------------------------------- ------------------------------------
b. LEI 213800IPCG6DE1CVLY36
----------------------------------------- ------------------------------------
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 Ordinary shares of GBP0.001 each
financial instrument,
type of instrument GB00BL9BW044
Identification Code
----------------------------------------- ------------------------------------
b. Nature of the transaction Exercise of Options
----------------------------------------- ------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ----------------- -----------------
GBP0.001 68,750
---------------------------------------------------------------- -----------------
d. Aggregated information
- Aggregated Volume N/A
- Price
----------------------------------------- ------------------------------------
e. Date of the transaction 24 March 2023
----------------------------------------- ------------------------------------
f. Place of the transaction Outside a trading venue
----------------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a. Name of PDMR David Adams
----------------------------------------- ------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------
a. Position/Status Non-Executive Director
----------------------------------------- ------------------------------------
b. Initial notification/ Initial Notification
Amendment
----------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a. Name FRP Advisory Group plc
----------------------------------------- ------------------------------------
b. LEI 213800IPCG6DE1CVLY36
----------------------------------------- ------------------------------------
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 Ordinary shares of GBP0.001 each
financial instrument,
type of instrument GB00BL9BW044
Identification Code
----------------------------------------- ------------------------------------
b. Nature of the transaction Exercise of Options
----------------------------------------- ------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ----------------- -----------------
GBP0.001 62,500
---------------------------------------------------------------- -----------------
d. Aggregated information
- Aggregated Volume N/A
- Price
----------------------------------------- ------------------------------------
e. Date of the transaction 24 March 2023
----------------------------------------- ------------------------------------
f. Place of the transaction Outside a trading venue
----------------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a. Name of PDMR David Chubb
----------------------------------------- ------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------
a. Position/Status Non-Executive Director
----------------------------------------- ------------------------------------
b. Initial notification/ Initial Notification
Amendment
----------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a. Name FRP Advisory Group plc
----------------------------------------- ------------------------------------
b. LEI 213800IPCG6DE1CVLY36
----------------------------------------- ------------------------------------
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 Ordinary shares of GBP0.001 each
financial instrument,
type of instrument GB00BL9BW044
Identification Code
----------------------------------------- ------------------------------------
b. Nature of the transaction Exercise of Options
----------------------------------------- ------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ----------------- -----------------
GBP0.001 6,250
---------------------------------------------------------------- -----------------
d. Aggregated information
- Aggregated Volume N/A
- Price
----------------------------------------- ------------------------------------
e. Date of the transaction 24 March 2023
----------------------------------------- ------------------------------------
f. Place of the transaction Outside a trading venue
----------------------------------------- ------------------------------------
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