Grant of Options to director

Franchise Brands PLC

26 May 2026

 

26 May 2026

FRANCHISE BRANDS PLC

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

Grant of Options to director

Franchise Brands plc (AIM: FRAN), a platform of international B2B franchise brands focused on essential services through a mobile workforce is pleased to confirm that, further to the announcement on 18 May 2026, Neil Miller was today appointed as an Executive Director and as the Chief Financial Officer of the Company.

The Company's Remuneration Committee has approved the grant of an option over 390,000 Ordinary Shares in the Company to Neil Miller (the "Options") at today's date. The Options have been granted under the Company's Employee Share Option Plan (the "Plan") at an exercise price of 142p per share (being the closing mid-market price of an ordinary share on 22 May 2026, the last business day before he joined the business).  Subject to the rules of the Plan and meeting the performance conditions, the Options will be exercisable from the third anniversary of the date of grant until the tenth anniversary of that date.

The number of shares over which the Options can vest and be exercised is subject to performance criteria being met, as follows:

1)   as to 20%, after reported fully diluted adjusted earnings per share ("EPS") achieves compound annual growth of 5% over each of the next three financial years;

2)   as to 50%, after reported EPS achieves compound annual growth of 10% over each of the next three financial years;

3)   as to 100%, after reported EPS achieves compound annual growth of 15% or more over each of the next three financial years; and

4)   between 20% and 50%, and between 50% and 100%, on a straight-line sliding scale basis, dependent on EPS growth between (respectively) the targets in (1) and (2), and (2) and (3) above.

The year ending 31 December 2025 will be used as the base for the performance conditions, with growth in EPS measured over the three financial years ending 31 December 2028, using data from the audited financial statements.

Following this grant, Neil Miller holds options over 390,000 Ordinary Shares in the Company.  He does not currently have a personal holding of Ordinary Shares in the Company.

The table at the end of this announcement, which is provided in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

Enquiries:

Franchise Brands plc	+ 44 (0) 1625 813231
Stephen Hemsley, Executive Chairman
Peter Molloy, Chief Executive Officer
Julia Choudhury, Corporate Development Director
Stifel Nicolaus Europe Limited (Nominated Adviser   and Joint Broker)	[phone]
Matthew Blawat
Jason Grossman
Allenby Capital Limited (Joint Broker)	[phone]
Jeremy Porter / Liz Kirchner (Corporate Finance)
Amrit Nahal / Tony Quirke (Sales & Corporate Broking)
MHP Group (Financial PR)	[phone]
Katie Hunt / Hugo Harris	[phone]
	[e-mail]

About Franchise Brands plc

Franchise Brands (FTSE AIM UK 50) is a platform of international B2B franchise brands focused on essential services through a mobile workforce. We have clarity of purpose which is acquire, develop and scale proven franchise businesses. Our focus is to help our franchisees grow their businesses, so that "as they grow, we grow". 

Our franchise partners benefit from our One Franchise Brands platform which includes shared, bespoke technology systems, a strategic growth maximisation methodology and management franchising expertise.

We have 7 franchise brands in 10 countries, approximately 600 franchisees and 2,500 mobile service vehicles. We focus on resilient reactive and planned services and carry out approximately 1.3m jobs per year at an average value of £325 for approximately 65,000 commercial customers. We earn an average management service fee of 15% from each job undertaken by our franchise partners. 

Our market-leading brands include Pirtek, Metro Rod and Filta. We employ approximately 600 people across the Group and there are over 3,000 people employed in the franchise community.

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

Information required under the UK Market Abuse Regulation:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Miller
2	Reason for the notification
a)	Position/status	Chief Financial 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 ISIN: GB00BD6P7Y24
b)	Nature of the transaction	Grant of options over Ordinary Shares of 0.5p each under the Franchise Brands Employee Share Option Plan
c)	Price(s) and volume(s)	Exercise price: 142p per share Volume: 390,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	26 May 2026
f)	Place of the transaction	Outside of a trading venue

 

END