Business
Issue of consideration shares
Issue of consideration shares.
About this update from Frenkel Topping Group Plc
[{"type":"text","content":"\n\nFrenkel Topping Group plc\n(\"Frenkel Topping\", \"the Company\" or the \"Group\")\n \nIssue of consideration shares\n \nFrenkel Topping Group (AIM: FEN), a specialist professional and financial services firm operating in the Personal Injury (PI) Clinical Negligence (CN) space, announces the issue of 570,000 ordinary shares of 0.5 pence each (\"Ordinary Share\") as deferred consideration pursuant to the acquisition of Forths Associates Limited (\"Forths\") (the \"Acquisition\"), on 22 July 2020. As final settlement of the outstanding deferred consideration, details of which were set out at the time of the announcement of the Acquisition, 455,943 Ordinary Shares will be issued to Richard Forth, and 114,057 Ordinary Shares will be issued to Anthony Flint.\nApplication has been made to the London Stock Exchange for the 570,000 new Ordinary Shares to be admitted to trading on AIM (\"Admission\") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 24 July 2023.\nFollowing admission, the total number of Ordinary Shares in issue will be 128,013,064 and the total number of voting rights will therefore be 128,013,064. This figure may be used by shareholders 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 FCA's Disclosure Guidance and Transparency Rules.\n \nFor further information: \n\n\n\nFrenkel Topping Group plc\n\n\nwww.frenkeltoppinggroup.co.uk\n\n\n\n\nRichard Fraser, Chief Executive Officer\n\n\nTel: 0161 886 8000\n\n\n\n\n \n \n\n\n\n\n\n\n\nfinnCap Ltd\n\n\nTel: 020 7220 0500\n\n\n\n\nCarl Holmes/Abigail Kelly/Milesh Hindocha (Corporate Finance)\nTim Redfern / Charlotte Sutcliffe (ECM)\n\n\n\n\n\n\n \nAbout Frenkel Topping Group\nThe 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).\nFor 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 outco...