Business
Results of the Court Meeting and General Meeting
Frenkel Topping Group PLC shareholders have voted in favour of the recommended offer from Irwell Financial Services Bidco Limited, a key step towards the acquisition. At the Court Meeting, 94.40% of voting scheme shares were cast in favour, representing 68.97% of the total issued share capital entitled to vote. Similarly, at the General Meeting, 96.45% of votes were cast for the resolution, with 81.15% of the issued share capital voting. This outcome satisfies two conditions for the scheme of arrangement, though further regulatory approvals, including from the FCA, and court sanction are still required before the scheme can become effective. Disclaimer*
About this update from Frenkel Topping Group Plc
[{"type":"text","content":"\n\nNot for release, publication or distribution, in whole or in part, DIRECTLY OR INDIRECTLY, in, into or from any jurisdiction (including the united states) where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.\nFOR IMMEDIATE RELEASE\n \n12 November 2025\nRECOMMENDED OFFER\nfor\nFRENKEL TOPPING GROUP PLC\nby\nIRWELL FINANCIAL SERVICES BIDCO LIMITED\n(a newly formed company indirectly owned by a limited partnership\nmanaged by Harwood Private Equity LLP)\nTO BE IMPLEMENTED BY MEANS OF A SCHEME OF ARRANGEMENT\nUNDER PART 26 OF THE COMPANIES ACT 2006\nResults of the Court Meeting and the General Meeting\nOn 30 September 2025, the board of directors of Irwell Financial Services Bidco Limited (\"Irwell Bidco\") and the Independent Directors of Frenkel Topping Group plc (\"Frenkel Topping\" or the \"Company\") announced that they have reached agreement on the terms and conditions of a recommended offer to be made by Irwell Bidco for the entire issued, and to be issued, ordinary share capital of Frenkel Topping (the \"Offer\"). The Offer is being implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\")\nThe circular in relation to the Scheme, including notices convening the Court Meeting and the General Meeting in connection with the Offer, was published on 20 October 2025 (the \"Scheme Document\"). Unless otherwise defined, terms used in this announcement shall have the meanings given to them in the Scheme Document.\nResults of Court Meeting and General Meeting\nThe Independent Directors of Frenkel Topping are pleased to announce that, at the Court Meeting and General Meeting held today in connection with the Offer: \n· the requisite majority of Voting Scheme Shareholders voted (either in person or by proxy) in favour of the Scheme at the Court Meeting; and\n· the requisite majority of Frenkel Topping Shareholders voted (either in person or by proxy) in favour of the Resolution at the General Meeting.\nDetails of the resolutions passed at the Meetings are set out in the Notice of Court Meeting and Notice of General Meeting contained in Parts 15 and 16 of the Scheme Document which is available on Frenkel Topping's website, www.frenkeltoppinggroup.co.uk.\nV...