Frenkel Topping Group plc
("Frenkel Topping", the "Company" or the "Group")
Director/PDMR Shareholding
and
Holdings in Company
Frenkel Topping Group (AIM: FEN), a specialist professional and financial services firm focused on asset protection for clients, announces that Harwood Capital LLP as investment manager to North Atlantic Smaller Companies Investment Trust plc ("NASCIT") had purchased 6,675,000 ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares"), at a price of 58 pence per Ordinary Share (the "Purchase"), Christopher Mills, Non-executive Director of the Company and a director of NASCIT, is now interested in 38,000,000 Ordinary Shares of the Company, representing approximately 29.82 per cent. of the Company's issued share capital.
For further information:
| Frenkel Topping Group plc | |
| Richard Fraser, Chief Executive Officer | Tel: 0161 886 8000 |
| | |
| finnCap Ltd (Nominated Advisor & Broker) | Tel: 020 7220 0500 |
| Carl Holmes/Abigail Kelly/Milesh Hindocha (Corporate Finance) Tim Redfern (ECM)
| |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Harwood Capital LLP as investment manager to NASCIT.
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Harwood Capital LLP and NASCIT are PCAs of Christopher Mills, Non-Executive Director of Frenkel Topping plc | |||
| b)
| Initial notification /Amendment
| Initial Notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Frenkel Topping Group plc | |||
| b)
| LEI
| 213800I5L3K7AT7A4R20
| |||
| 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 financial instrument, type of instrument | Ordinary shares of 0.5 pence each | |||
| | | ||||
| Identification code | GB00B01YXQ71
| ||||
| | | ||||
| b)
| Nature of the transaction
| Share purchase | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £0.58 | 6,675,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 6,675,000 | ||||
| | | ||||
| - Price | £3,871,500 | ||||
| | | ||||
| e)
| Date of the transaction
| 21 October 2022 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00B01YXQ71
Issuer Name
FRENKEL TOPPING GROUP PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Harwood Capital LLP
City of registered office (if applicable)
Country of registered office (if applicable)
4. Details of the shareholder
| Name | City of registered office | Country of registered office |
| NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC | London | United Kingdom |
5. Date on which the threshold was crossed or reached
21-Oct-2022
6. Date on which Issuer notified
24-Oct-2022
7. Total positions of person(s) subject to the notification obligation
|
| % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer |
| Resulting situation on the date on which threshold was crossed or reached | 29.820000 | 0.000000 | 29.820000 | 38000000 |
| Position of previous notification (if applicable) | 24.300000 | 0.000000 | 24.300000 | 27,500,000 |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
| Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB00B01YXQ71 | 38000000 | | 29.820000 | |
| Sub Total 8.A | 38000000 | 29.820000% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
|
| | | | |
| Sub Total 8.B1 | | | | |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
|
| | | | | |
| Sub Total 8.B2 | | | | ||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
| Ultimate controlling person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| Christopher Harwood Bernard Mills | North Atlantic Smaller Companies Investment Trust Plc | 29.820000 | | |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
21-Oct-2022
13. Place Of Completion
London
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