REG - Franchise Brands PLC - Result of AGM
RNS Number : 0462WFranchise Brands PLC20 April 202120 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
franchisebrands@mhpc.com
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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