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Director dealings: Frenkel Topping CEO makes £0.15m sale

(Sharecast News) - Frenkel Topping shares were in the red on Monday, after its chief executive exercised options and sold £0.15m worth of shares. The AIM-traded professional and financial services firm said Richard Fraser exercised and subsequently sold options over 250,000 shares on Friday, to fund a property transaction.

It said he sold them for 60p each for a gross transaction value of £150,001.01, with the exercise price being 0.5p.

Following the sale, Frenkel Topping said Fraser and people closely associated with him held 1,895,907 of its shares, representing 1.68% of its issued share capital, with Fraser retaining 2,750,000 share options.

At 1130 BST, shares in Frenkel Topping Group were down 9.39% at 58.44p.

Reporting by Josh White at Sharecast.com.

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Top Director Sells

Frenkel Topping Group (FEN) Director name: Fraser,Richard Amount sold: 250,000 @ 60.00p Value: £150,000.01

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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