Company Announcements

17 December 2021

FRP Advisory Group plc

("FRP", "the Company" or the "Group")

Award of Share Options / PDMR Notification 

FRP Advisory Group plc, a leading UK professional services firm specialising in advisory services, announces that on 16 December 2021, the Company granted Gavin Jones, the Company's Chief Financial Officer, 185,988 nil-cost options over ordinary shares of £0.001 each in the Company ("Ordinary Shares") under the Company's Employee Incentive Plan (EIP) (the "Award"). The Award has a value set at 125% of Mr Jones' salary.

80% of this Award (being 100% of salary) is subject to meeting two, three-year performance conditions set by the Remuneration Committee. 50% of this portion of the Award will be subject to a compound annual EPS growth performance target, using FY 30 April 2021 EPS of 7.11p as a baseline. The other 50% of this portion of the Award will be subject to a total shareholder return performance condition, using 119.5p as the baseline (being the closing mid-market price of the Ordinary Shares on 30 April 2021).

20% of the Award (25% of salary) is granted without performance conditions.

The Award will normally vest, subject to the meeting of performance conditions as applicable, during or shortly after 30 July 2024. The Award lapses on the tenth anniversary from the date of grant.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

Enquiries:

FRP Advisory Group plc  

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via MHP

Cenkos Securities plc (Nominated Adviser and Sole Broker)

Katy Birkin/Max Gould (Corporate Finance)

Alex Pollen (Sales)

Tel: +44 (0) 207 397 8900

MHP Communications (Financial Public Relations)

Oliver Hughes

Charlie Barker

Pete Lambie

Tel: +44 (0) 3128 8540 / +44 (0) 20 3128 8570

FRP@mhpc.com 

Notes to Editors

FRP is a professional services firm established in 2010 which 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.

·    Pensions advisory: pension scheme transaction advisory, pension scheme restructuring advisory, covenant advisory and corporate governance