1 August 2024
FRP ADVISORY GROUP PLC
("FRP", the "Group" or the
"Company")
PDMR
Dealing
FRP Advisory Group plc, a leading
national specialist business advisory firm, has been notified that,
on 31 July 2024, Gavin Jones, Chief Financial Officer of the
Company, exercised nil cost options over 111,593 ordinary shares of
0.1p each in the Company ("Ordinary Shares"). These options were
satisfied using Ordinary Shares held in the Company's Employee
Benefit Trust. Mr Jones sold 52,633 of the resulting Ordinary
Shares to satisfy personal income tax and national insurance
liabilities arising on the option exercise. Following completion of
these transactions, Mr Jones beneficially holds 204,303 Ordinary
Shares representing 0.08 per cent. of the Company's issued share
capital.
The notification below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provides further detail.
Enquiries:
FRP Advisory
Group plc
Geoff Rowley, CEO
Jeremy French, COO
Gavin Jones, CFO
Enquiries via MHP
Cavendish
Capital Markets Limited (Nominated Adviser and Joint
Broker)
Katy Birkin/ Stephen Keys/George Lawson
(Corporate Finance)
Tel: +44 (0) 207 220 0500
Investec Bank plc (Joint Broker)
Carlton Nelson / James Rudd
(Corporate Broking)
Tel: +44 (0) 207 597 4000
MHP Group
(Financial Public Relations)
Oliver Hughes
Eleni Menikou
Catherine Chapman
Tel: +44 (0)7711 191518
FRP@mhpgroup.com
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,
lender services, financial modelling, valuations, pensions and
company-side advisory services.
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 of PDMR
|
Gavin Jones
|
|
2
|
Reason for
notification
|
|
a.
|
Position/Status
|
Chief Financial Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
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 financial instrument, type of
instrument
Identification Code
|
Ordinary shares of £0.001 each
GB00BL9BW044
|
|
b.
|
Nature of the transaction
|
Exercise of Share Options
|
|
c.
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
111,593
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
N/A
|
|
e.
|
Date of the transaction
|
31 July 2024
|
|
f.
|
Place of the transaction
|
Off market
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a.
|
Name of PDMR
|
Gavin Jones
|
|
2
|
Reason for
notification
|
|
a.
|
Position/Status
|
Chief Financial Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
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 financial instrument, type of
instrument
Identification Code
|
Ordinary shares of £0.001 each
GB00BL9BW044
|
|
b.
|
Nature of the transaction
|
Sale of Ordinary Shares
|
|
c.
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
£1.29
|
52,633
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
N/A single transaction
N/A single transaction
N/A single transaction
|
|
e.
|
Date of the transaction
|
31 July 2024
|
|
f.
|
Place of the transaction
|
XLON - AIM
|