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Franchise Brands PLC (FRAN)

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Tuesday 10 November, 2020

Franchise Brands PLC

Director/PDMR Shareholding

RNS Number : 7332E
Franchise Brands PLC
10 November 2020
 

 

Franchise Brands plc

 

("Franchise Brands" or the "Company")

 

Director/PDMR Notification

 

Franchise Brands (AIM: FRAN), a multi-brand franchise business, announces that David Poutney, Non-Executive Director, has purchased a total of 51,650 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), at an average price of 95.97 pence per Ordinary Share. Following these purchases, David Poutney now has a total interest in 3,696,495 Ordinary Shares, equivalent to 3.86% of the Company's total voting rights.

 

Further details and the information required in accordance with the requirements of EU Market Abuse Regulation No 596/2014 are set out at the end of this announcement.

 

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 400 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.

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 135 years.

Franchise Brands plc employs some 250 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

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 ordinary shares

 

c)

Price(s) and volume(s)

 

date

Volume

Price (p)

6/11/20

21,818

93.5

6/11/20

8,182

96.9

6/11/20

1,650

93.5

9/11/20

20,000

98.5

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 51,650 shares

Average price: 95.97 pence per share

e)

Date of the transaction

See box 4c above

f)

Place of the transaction

London Stock Exchange - AIM

 

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