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Franchise Brands PLC (FRAN)

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Monday 28 September, 2020

Franchise Brands PLC

Director shareholdings, issue of equity & TVR

RNS Number : 2008A
Franchise Brands PLC
28 September 2020
 

28 September 2020

 

Franchise Brands plc

("Franchise Brands" or the "Company")

 

Director/PDMR shareholdings, issue of equity and change to total voting rights

 

Franchise Brands (AIM: FRAN), a multi-brand franchise business, announces the following purchases of ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") by Directors.

 

Director

Ordinary Shares purchased

Total interest in Ordinary Shares now held

% of total voting rights now held

Colin Rees

35,000

403,009

0.4

Peter Molloy

38,095

71,956

0.1

 

These share purchases are in accordance with the matching terms of the Company's Share Option Schemes for management, details of which were announced on 16 September 2020. 38,095 new Ordinary Shares will be issued by the Company to satisfy part of the purchases mentioned above (at a price of 105p per share, being the closing share price on 24 September 2020), with the other shares acquired on market at 107p per share.

 

Application will made to the London Stock Exchange for the 38,095 new Ordinary Shares to be admitted to trading on AIM. It is expected that admission of the 38,095 new Ordinary Shares to trading on AIM will become effective on or around 1 October 2020 ("Admission").

 

Total voting rights

 

On Admission, the issued share capital of the Company will consist of 95,758,470 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 95,758,470 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)

+44 (0) 20 3328 5656

Jeremy Porter / Liz Kirchner (Corporate Finance) 

Amrit Nahal (Sales)

 

 

 

Dowgate Capital Limited (Joint Broker)

+44 (0) 20 3903 7715

James Serjeant / Colin Climie

 

 

 

MHP Communications (Financial PR)

+44 (0) 20 3128 8100

Katie Hunt

+44 (0) 7884 494112

 

[email protected]

 

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 430 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 260 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

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

Purchase of ordinary shares

 

c)

Price(s) and volume(s)

Price: 107p

Volume: 35,000

 

 

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

24 September 2020

f)

Place of the transaction

London Stock Exchange - AIM

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Molloy

 

2

Reason for the notification

a)

Position/status

Managing Director, Metro Rod

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 ordinary shares

 

c)

Price(s) and volume(s)

Price: 105p

Volume: 38,095

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

25 September 2020

f)

Place of the transaction

Outside of a trading venue

 

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