FRP Advisory Group PLC PDMR Dealings and Total Voting Rights (2016U)

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: [phone]

Investec Bank plc (Joint Broker)

Carlton Nelson / James Rudd (Corporate Broking)

Tel: [phone]

MHP Group (Financial Public Relations)

Oliver Hughes

Charlie Barker

Pete Lambie

Tel: [phone]

[e-mail]

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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March 24, 2023 09:55 ET (13:55 GMT)