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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Frp Advisory Group Plc | LSE:FRP | London | Ordinary Share | GB00BL9BW044 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.50 | 1.24% | 122.00 | 121.00 | 123.00 | 122.00 | 120.50 | 120.50 | 188,896 | 16:28:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Consulting Svcs,nec | 104M | 12.7M | 0.0506 | 24.11 | 306.14M |
Dow Jones received a payment from EQS/DGAP to publish this press release.
Fairpoint Group plc (FRP) Fairpoint Group plc: Disposal of indirect subsidiary 29-Aug-2017 / 11:30 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Fairpoint Group PLC ("Fairpoint" or the "Group") Disposal of indirect subsidiary Fairpoint Group plc (in administration) ('Group') announces that its indirect subsidiary, Simpson Millar LLP ('SM LLP'), has sold the entire issued share capital of its wholly owned subsidiary, Simpson Millar Financial Services Limited ('SMFS') to Dune Financial Holdings Limited ('Dune'). Dune is partly owned by James Mann, SMFS's managing director and its sole legal director. SMFS is an independent financial adviser, providing FCA registered pensions and investment advice, often to beneficiaries of personal injury and clinical negligence claims. As at 31 December 2016, SMFS had gross assets of GBP584,000. The consideration will consist of an initial cash payment of GBP270,911 together with deferred consideration payable, subject to certain conditions, in cash annually over a five year period and subject to a maximum payment of GBP250,000. The disposal will enable SM LLP to focus on the provision of legal services and the proceeds of the sale will provide capital to be applied in the development and management of SM LLP. The administrators of Group, having no nominated advisor to consult, have formed the view that the terms of the transaction are fair and reasonable as far as Group's shareholders are concerned. For enquiries please contact RSM Restructuring Advisory LLP Gemma Moorhouse gemma.moorhouse@rsmuk.com 0113 285 5000 Language: English ISIN: GB0032360280 Category Code: DIS TIDM: FRP Sequence No.: 4570 End of Announcement EQS News Service 604939 29-Aug-2017
(END) Dow Jones Newswires
August 29, 2017 06:32 ET (10:32 GMT)
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