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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Frenkel Topping Group Plc | LSE:FEN | London | Ordinary Share | GB00B01YXQ71 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 53.50 | 53.00 | 54.00 | 53.50 | 53.50 | 53.50 | 198,934 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Legal Services | 24.85M | 1.65M | 0.0129 | 41.47 | 68.49M |
From Apr 2019 to Apr 2024
TIDMFEN
RNS Number : 8240J
Frenkel Topping Group PLC
03 July 2017
3 July 2017
Frenkel Topping Group plc
("Frenkel Topping" or the "Group")
Repayment of GBP3m Commercial Property SPV Loan Investment
Frenkel Topping Group plc (AIM: FEN), the specialist independent financial advisor and asset manager focused on asset protection for vulnerable clients, announces that further to the announcement on 23 January 2017, FCFM Group Properties IV ("NewCo") Ltd, repaid the GBP3 million Commercial Property SPV loan to the Group on 30 June 2017. In addition, NewCo has acquired the Group's 37.5% interest in NewCo for GBP150,000, an amendment to the original terms of the agreement. As a result of these payments, the Group has received approximately GBP3.3 million of cash from NewCo, having initially provided GBP3.0 million of financing to NewCo on 23 January 2017.
The amendment of the terms of the repurchase of the 37.5% interest in Newco from Frenkel Topping by NewCo is considered a related party transaction pursuant to AIM Rule 13 of the AIM Rules for Companies (the "Related Party Transaction"). The independent Directors of the Company (being Richard Fraser, Julie Dean and Mark Holt) consider, having consulted with finnCap Ltd, that the terms of the Related Party Transaction are fair and reasonable insofar as shareholders of the Company are concerned.
This announcement contains inside information for the purposes of article 7 of eu regulation 596/2014
Investor enquiries Jason Granite, Executive Chairman Richard Fraser, Chief Executive Officer +44 (0)161 886 Julie Dean, Chief Financial Officer 8000 finnCap Limited Adrian Hargrave, James Thompson, Alex Price (Corporate Finance) +44 (0)20 7220 Tony Quirke (Corporate Broking) 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFLDRIIIVID
(END) Dow Jones Newswires
July 03, 2017 02:00 ET (06:00 GMT)
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