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Franchise Brands PLC (FRAN)

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Tuesday 20 April, 2021

Franchise Brands PLC

Result of AGM

RNS Number : 0462W
Franchise Brands PLC
20 April 2021
 

20 April 2021

FRANCHISE BRANDS PLC

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

 

Result of  Annual General Meeting

 

Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, is pleased to announce that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed on a poll.

 

The proxy votes received from shareholders on each resolution are set out below:

 

 

No. of votes for

%

No. of votes against

%

Total votes cast (excluding votes withheld)

No. of votes withheld

ORDINARY RESOLUTIONS

 

 

 

 

 

 

1.  To receive the 2020 report and financial statements

  75,536,882

100%

  100

0%

  75,536,982

  - 

2.  Declaration of Final Dividend

  75,536,982

100%

-

0%

  75,536,982

  - 

3.  Re-election Robin Christian Bellhouse

  75,531,893

100%

  4,000

0%

  75,535,893

  1,089

4.  Re-election of Julia Rosalind Choudhary

  75,531,893

100%

  4,000

0%

  75,535,893

  1,089

5.  Re-election of John Christopher Stewart Dent

  75,531,893

100%

  4,000

0%

  75,535,893

  1,089

6.  Re-election of Timothy John Harris

  75,531,893

100%

  4,000

0%

  75,535,893

  1,089

7.  Re-election of Stephen Glen Hemsley

  75,531,893

100%

  4,000

0%

  75,535,893

  1,089

8.  Re-election of Peter John Molloy

  75,531,893

100%

  4,000

0%

  75,535,893

  1,089

9.  Re-election of David John Poutney

  71,351,348

99%

  1,037,249

1%

  72,388,597

  3,148,385

10.  Re-election of Colin David Rees

  75,531,893

100%

  4,000

0%

  75,535,893

  1,089

11.  Re-election of Nigel William Wray

  75,527,955

100%

  7,938

0%

  75,535,893

  1,089

12.  To reappoint BDO LLP as auditors of the Company

  75,532,982

100%

  4,000

0%

  75,536,982

  - 

13.  Authority to determine remuneration of auditor

  75,532,982

100%

  4,000

0%

  75,536,982

  - 

14.  Authority to allot shares

  75,527,387

100%

  4,000

0%

  75,531,387

  5,595

SPECIAL RESOLUTIONS

 

 

 

 

 

 

15.  Disapplication of pre-emption rights

  59,738,700

83%

  12,005,391

17%

  71,744,091

  2,792,891

16.  Disapplication of pre-emption rights (for an acquisition or other specified capital investment)

  63,559,245

84%

  11,972,142

16%

  75,531,387

  5,595

17.  Authority to purchase own shares

  75,536,982

100%

  - 

0%

  75,536,982

  - 

 

The Board notes the votes against special resolutions 15 and 16, and, following the AGM, will engage with the Group's shareholders to understand the reasons for these votes, ahead of preparing for the Group's 2022 AGM.

 

 

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 and Corporate Broking)

 

 

 

Dowgate Capital Limited (Joint Broker)

+44 (0) 20 3903 7715

James Serjeant / Colin Climie / Nicholas Chambers

 

 

 

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, primarily via a franchise model. The Group currently has a combined network of over 425 franchisees across five principal 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 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 265 people across three principal locations in Macclesfield, Kidderminster and Aylesford.

 

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

 

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