Exercise of share options, PDMR notification & TVR

RNS Number : 5854F
Franchise Brands PLC
08 November 2022

8 November 2022




("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.





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)

+44 (0) 20 3328 5656

Jeremy Porter / George Payne (Corporate Finance)

Amrit Nahal (Sales & Corporate Broking)




Dowgate Capital Limited (Joint Broker)

+44 (0) 20 3903 7715

James Serjeant / Russell Cook / Nicholas Chambers




MHP Communications (Financial PR)

+44 (0) 20 3128 8100

Katie Hunt/Catherine Chapman

+44 (0) 7884 494112




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.



Details of the person discharging managerial responsibilities / person closely associated



Colin Rees


Reason for the notification



Chief Information Officer



Initial notification /Amendment

Initial notification



Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Franchise Brands plc






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



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


Nature of the transaction

Exercise of options



Price(s) and volume(s)



49.5 pence



Aggregated information

- Aggregated volume

- Price


303,030 Ordinary Shares



Date of the transactions

7 November 2022



Place of the transaction

Outside a trading venue




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