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Franchise Brands PLC (FRAN)

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Tuesday 28 April, 2020

Franchise Brands PLC

Holdings in Company and director's holding

RNS Number : 1365L
Franchise Brands PLC
28 April 2020
 

Franchise Brands plc

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

 

Holdings in Company and director's holding

 

Franchise Brands (AIM: FRAN), a multi-brand franchise business, has received the TR-1 shareholding notification set out below for RBC Trustees (Jersey) Limited as trustee of Nigel Wray's family trust, as a result of a change in the Company's issued share capital and total voting rights. The total beneficial interest in the Company of Nigel Wray, Non-Executive Director of the Company, remains unchanged at 21,720,120 ordinary shares, which represents 23.83 per cent. of the current total voting rights in the Company. This interest includes the 14,026,380 ordinary shares set out in the form below which are held by Vidacos Nominees Limited, acting as nominee for RBC Trustees (Jersey) Limited as trustee of Mr Wray's family trust.

 

As stated in the Company's announcement of 21 April 2020, Mr Wray's total beneficial interest in the Company is expected to increase on completion of the recent fundraising on 30 April 2020 to 22,275,676 ordinary shares, which will represent 23.39 per cent. of the then total voting rights in the Company.

 

The TR-1 standard form for notification of major holdings is set out below without amendment.

TR-1: S tandard form for notification of major holdings


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :

Franchise Brands PLC   

1b. Please indicate if the issuer is a non-UK issuer   (please mark with an "X" if appropriate)

Non-UK issuer

N/a

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

N/a

An acquisition or disposal of financial instruments

N/a

An event changing the breakdown of voting rights

N/a

Other (please specify)iii: Change in Issued Share Capital

X

3. Details of person subject to the notification obligation iv

Name

Royal Bank of Canada

City and country of registered office (if applicable)


4. Full name of shareholder(s) (if different from 3) v

Name

RBC Trustees (Jersey) Limited

City and country of registered office (if applicable)


5. Date on which the threshold was crossed or reached vi :

27/04/2020

6. Date on which issuer notified (DD/MM/YYYY):

27/04/2020

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer vii

Resulting situation on the date on which threshold was crossed or reached

15.39%


15.39%

91,162,924

Position of previous notification (if

applicable)

17.95%


17.95%

78,102,423

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00BD6P7Y24

14,026,380


15.39%







SUBTOTAL 8. A

14,026,380

15.39%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

N/a

















SUBTOTAL 8. B 1



 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlement xii

Number of voting rights

% of voting rights

N/a





















SUBTOTAL 8.B.2



 

 

 

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii


Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
xiv (please add additional rows as necessary)

X

Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Royal Bank of Canada

15.39%


15.39%

(Parent company)

RBC Trustees (Jersey) Limited

15.39%


15.39%














10. In case of proxy voting, please identify:

Name of the proxy holder

N/a

The number and % of voting rights held

N/a

The date until which the voting rights will be held

N/a


11. Additional information xvi

The total number of voting rights in the Company is 91,162,924 shares as at 27/04/2020.

 

 

 

Place of completion

Jersey, Channel Islands

Date of completion

27/04/2020

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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