FRP Advisory Group plc (LON:FRP) announced that its Employee Benefit Trust purchased 3,506,147 ordinary shares from existing and former partners on Tuesday at 113 pence per share.
JTC Employer Solutions Trustee Limited, acting as trustees, acquired the shares from certain partners of the business advisory firm.
The purchase follows lock-in deeds announced on April 27, 2026, allowing partner shareholders to sell up to approximately 10.1 million ordinary shares after the full year trading update on May 15, 2026.
Total indications were to sell 3,601,769 ordinary shares. CEO Geoff Rowley and COO Jeremy French did not participate.
After the transaction, about 43.5 million ordinary shares remain subject to lock-in deeds, representing approximately 17% of issued share capital.
The Employee Benefit Trust now holds 12,028,041 ordinary shares, representing about 4.6% of issued share capital. Each share has a nominal value of 0.1 pence.
CFO Gavin Jones arranged the announcement release.
