20 February
2024
The information contained within
this announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 as it forms part of UK
domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended. With the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public
domain.
Frenkel Topping Group
plc
("Frenkel Topping", the "Company" or the
"Group")
Directorate Change
Frenkel Topping Group (AIM: FEN), a specialist
independent financial advisor and wealth manager focused on asset
protection for clients, is pleased to announce the appointment of
Christopher Mills as Non-Executive Chairman with immediate
effect.
Mr. Mills joined the board of Frenkel Topping
as Non-Executive Director on 20 May 2020. Pursuant to a number of
recent exits by Harwood Capital Management, Mr. Mills has
consequently stepped down from a number of company boards as a
non-executive director. This has given Mr. Mills capacity to take
on the role as Non-Executive Chairman of Frenkel Topping and
provided him more time to devote to the business in which he is a
major shareholder.
Mr. Mills founded Harwood Capital
Management in 2011, a successor to its former parent company JO
Hambro Capital Management, which he co-founded in 1993 and of which
he was formerly the Chief Investment Officer. He is currently the
Chief Executive Officer and Investment Manager of North Atlantic
Smaller Companies Investment Trust plc, a UK listed investment trust, and a
non-executive Director of several companies including AssetCo plc,
MJ Gleeson plc and Oryx International Growth Fund
Limited.
Former Chairman, Tim Linacre, will remain on
the Board of the Company, taking up the position of Senior
Independent Non-Executive Director to support Frenkel
Topping's strategy going forward. Mr. Linacre joined the
board of Frenkel Topping in 2018 with more than 30 years'
experience in financial services as a stockbroker and an investment
banker and more latterly in financial public relations.
Chief
Executive Officer, Richard Fraser, said:
"Christopher has a deep understanding of the business and our
ambitions and brings a wealth of experience in financial services
and public companies to support us in our next stage of growth. I
believe his guidance in the role of Chairman will be of great value
to Frenkel Topping.
"I would also like to thank Tim for his
contribution and dedication as Chairman since 2020 and I am
delighted he has agreed to remain on the board and I look forward
to working with him as Senior Independent Non-Executive Director in
the future as we continue to grow the company.
As at the date of this announcement 38,350,000
ordinary shares of 0.5p each in the capital of the Company,
representing 29.96 per cent. of the issued share capital of the
Company are held by North Atlantic Smaller Companies Investment
Trust plc ("NASCIT") a company of which Mr. Mills is both a
shareholder and director.
For
further information:
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Frenkel Topping Group plc
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www.frenkeltoppinggroup.co.uk
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Richard Fraser, Chief Executive
Officer
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Tel: 0161 886 8000
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Cavendish Capital Markets Ltd (Nominated Advisor &
Broker)
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Tel: 020 7220 0500
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Carl Holmes/Abigail
Kelly/Fergus Sullivan (Corporate Finance)
Tim Redfern (ECM)
|
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About Frenkel
Topping Group
The Frenkel Topping Group of companies
specialises in providing financial advice and asset protection
services to clients at times of financial vulnerability, with
particular expertise in the field of personal injury (PI) and
clinical negligence (CN).
For more than 30 years the Group has worked
with legal professionals and injured clients themselves to
provide pre-settlement, at-settlement and post-settlement
services to help achieve the best long-term outcomes for clients
after injury. It boasts a client retention rate of 99%.
Frenkel Topping Group is focused on
consolidating the fragmented PI and CN space in order to provide
the most comprehensive suite of services to clients and deliver a
best-in-class service offering from immediately after injury or
illness and for the rest of their lives.
The group's services include the Major
Trauma Signposting Partnership service inside NHS Major Trauma
Centres, expert witness, costs, tax and forensic accountancy,
independent financial advice, investment management, and care and
case management.
The Group's discretionary fund
manager, Ascencia, manages financial portfolios for
clients in unique circumstances, often who have received a
financial settlement after litigation. In recent years Ascencia has
diversified its portfolios to include a Sharia-law-compliant
portfolio and a number of ESG portfolios in response to increased
interest in socially responsible investing (SRI).
Frenkel Topping has earned a reputation for
commercial astuteness underpinned by a strong moral obligation
to its clients, employees and wider society, with a continued focus
on its Environmental, Social and Governance (ESG)
impact.
For more information
visit: www.frenkeltoppinggroup.co.uk