Downing LLP
LEI: 213800G3X76VBG9SB504
27 August 2025
Form 8.3 re. Frenkel Topping Group Plc
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
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Rule 8.3 of the Takeover Code (the “Code”)
1. KEY INFORMATION
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(a) Full name of discloser:Downing LLP(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
Client funds managed by Downing LLP(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
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Frenkel Topping Group Plc(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:n/a(e) Date position held/dealing undertaken:
26 August 2025(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
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No
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
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Class of relevant security:
Ordinary shares 1p InterestsShort positions Number%Number%(1) Relevant securities owned and/or controlled:11,276,1608.81
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(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL:11,276,1608.81 (b) Rights to subscribe for new securities (including directors’ and other employee options)
Advertisement Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
Class of relevant securityPurchase/sale
Number of securitiesPrice per unitOrdinary sharesSale
Purchase
Purchase
22,876
4,606
18,270
47.00
47.54
47.13
(b) Cash-settled derivative transactions
Class of relevant securityProduct description
Nature of dealing
Number of reference securitiesPrice per unit (c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant securityProduct description Writing, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType
Expiry dateOption money paid/ received per unit (ii) Exercise
Class of relevant securityProduct description
Exercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities)
Class of relevant securityNature of dealing
DetailsPrice per unit (if applicable) 4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
None
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached?NO
Date of disclosure:27 August 2025Contact name:Cheryl VickersTelephone number*:0207 416 7780
