Exercise of share options, PDMR notification & TVR

RNS Number : 5854F

Franchise Brands PLC

08 November 2022

 

8 November 2022

FRANCHISE BRANDS PLC

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

Exercise of share options

and change to Total Voting Rights

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, announces that Colin Rees, Chief Information Officer, has exercised options to acquire 303,030 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") pursuant to the terms of the Company's EMI Share Option Scheme. The options have an exercise price of 49.5p per share and will be satisfied by the issue of 303,030 new Ordinary Shares, generating proceeds of £149,999.85 for the Company.

Following this option exercise, Colin Rees now holds 706,039 Ordinary Shares, representing approximately 0.54 per cent. of the issued share capital of the Company as enlarged by the 303,030 new Ordinary Shares.

Application will be made for the 303,030 new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will occur on or around 11 November 2022. These new Ordinary Shares rank pari passu in all respects with the Company's existing Ordinary Shares.

The table for notification and public disclosure of transactions by persons discharging managerial responsibilities in accordance with the requirements of the EU Market Abuse Regulation, which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018, is appended below.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 130,311,112 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 130,311,112. With effect from Admission, 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
Andrew Mallows, Interim Chief Financial Officer
Julia Choudhury, Corporate Development Director
Allenby Capital Limited (Nominated Adviser and Joint Broker)	[phone]
Jeremy Porter / George Payne (Corporate Finance) Amrit Nahal (Sales & Corporate Broking)
Dowgate Capital Limited (Joint Broker)	[phone]
James Serjeant / Russell Cook / Nicholas Chambers
MHP Communications (Financial PR)	[phone]
Katie Hunt/Catherine Chapman	[phone]
	[e-mail]

About Franchise Brands plc

Franchise Brands is focused on building market-leading businesses primarily via a franchise model. The Group currently has a combined network of 600 franchisees across six principal franchise brands in the UK, North America and Europe. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.

Our B2B brands are Metro Rod, Metro Plumb, Filta, Willow Pumps and Azura, and our principle B2C brands are ChipsAway, Ovenclean and Barking Mad. Each of our brands are leaders in their respective markets. The combined trading history of all the Group's brands is over 190 years. Franchise Brands employs over 430 people from 5 principal offices in the UK as well as Orlando, Florida and the Netherlands.

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	Colin Rees
2	Reason for the notification
a)	Position/status	Chief Information Officer
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	Exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 49.5 pence 303,030
d)	Aggregated information - Aggregated volume - Price	303,030 Ordinary Shares £149,999.85
e)	Date of the transactions	7 November 2022
f)	Place of the transaction	Outside a trading venue

 

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