Exercise of Options and Other Matters

RNS Number : 0018R

Franchise Brands PLC

25 June 2020

 

25 June 2020

Franchise Brands plc 

("Franchise Brands", the "Company" or the "Group")

Exercise of Options, Director/PDMR Shareholdings and Total Voting Rights

Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, announces the exercise of 90,863 employee options under the Company's 2016 IPO Share Plan and 2017 Scheme,  which will be satisfied by the transfer out of treasury of 25,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") and the issue of 65,863 new Ordinary Shares ("New Ordinary Shares").

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission of the 65,863 New Ordinary Shares to trading on AIM will become effective on or around 1 July 2020 ("Admission").

The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Director/PDMR Shareholdings

The Company has been informed that certain Directors yesterday acquired, in aggregate, 64,615 o rdinary shares in the Company as follows:

Name	Title	No. of ordinary shares purchased	Price per share (p)	Total interest in ordinary shares now held	Total interest in ordinary shares now held as percentage of e nlarged issued share capital
Julia Choudhury	Corporate Development Director	5,000	105	1,529,365	1.60 %
David Poutney	Non-Executive Director	59,615	1 00	3,644,845	3 .81 %

Further details of these transactions can be found in the Notification of Dealing Form below.  

Total voting rights

The Company yesterday transferred out of treasury 25,000 Ordinary Shares to satisfy part of the exercise of options detailed above. Accordingly, the issued share capital of the Company now consists of 95,654,512 Ordinary Shares, with one voting right per share, and there are no longer any shares held in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company is 95,654,512 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

As a result of the issue of the 65,863 New Ordinary Shares, on Admission the issued share capital of the Company will consist of 95,720,375 Ordinary Shares, with one voting right per share, and no shares held in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will, from Admission, be 95,720,375 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Franchise Brands plc	+ 44 (0) 1625 813231
Stephen Hemsley, Executive Chairman
Chris Dent, Chief Financial Officer
Julia Choudhury, Corporate Development Director
Allenby Capital Limited (Nominated Adviser and Joint Broker)	[phone]
Jeremy Porter / Liz Kirchner / Nicholas Chambers
Dowgate Capital Limited (Joint Broker)	[phone]
James Serjeant / Colin Climie
MHP Communications (Financial PR)	[phone]
Katie Hunt	[phone]
	[e-mail]

About Franchise Brands plc

Franchise Brands is focused on building market-leading businesses in selected customer segments using primarily a franchise model. The Group currently has a combined network of over 450 franchisees across five franchise brands. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.

Franchise Brands' portfolio of market-leading service businesses grew in 2019 with the acquisition of Willow Pumps. The addition of Willow Pumps, a direct labour organisation, represented an important step in expanding Metro Rod and Metro Plumb's range of services to the commercial market.

The Group is organised into a B2B division comprised of Metro Rod, Metro Plumb and Willow Pumps, and a B2C division that incorporates ChipsAway, Ovenclean and Barking Mad. This divisional organisation of our brands is designed to provide a greater focus and structure to support the strategic development of our B2B and B2C brands.

Each of our brands are leaders in their respective markets and each brand has a long trading history. The combined trading history of all the Group's brands is over 125 years.

Franchise Brands plc employs some 290 people across three principal locations in Macclesfield, Kidderminster and Aylesford.

For further information, visit www.franchisebrands.co.uk.

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julia Choudhury
2	Reason for the notification
a)	Position/status	Corporate Development Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Franchise Brands plc
b)	LEI	213800CFRX6CJ8LCKN37
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.5p each in Franchise Brands plc Identification code (ISIN) for Franchise Brands plc ordinary shares: GB00BD6P7Y24
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 105p 5,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Poutney
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Franchise Brands plc
b)	LEI	213800CFRX6CJ8LCKN37
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.5p each in Franchise Brands plc Identification code (ISIN) for Franchise Brands plc ordinary shares: GB00BD6P7Y24
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 100p 59,615
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange, XLON

 

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