REG - Franchise Brands PLC - Appointment of Non-Executive Director

Franchise BrandsAnnouncement

16/01/2025 07:00

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RNS Number : 5063T  Franchise Brands PLC  16 January 2025

16 January 2025

FRANCHISE BRANDS PLC

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

 

Appointment of Non-Executive Director

Notice of Year-end Trading Update

 

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise
business, is pleased to announce that Louise George has joined the board
of Franchise Brands as an independent Non-Executive Director. She is also
appointed as Chair of the Audit Committee and will be a member of the
Nomination and Remuneration Committees.

Louise is a highly experienced Chief Financial Officer ("CFO") with over 20
years' board-level experience with AIM-quoted companies including substantial
experience of franchised businesses. Between 2014 and 2024 she was CFO of
Belvoir Group PLC, (now part of The Property Franchise Group), one of the
largest UK property franchise groups. She helped take the business, via a buy
and build strategy, to a multi-brand franchise group of scale providing a
range of complementary services to customers. Prior to that role, she was
Finance Director and Company Secretary of Image Scan Holdings plc between 2002
and 2014. Louise is a Chartered Accountant, having qualified with Ernst &
Young in 1991. She is also a Chartered Governance Professional.

With the appointment of Louise, the plc Board now comprises three Executive
Directors, and four non-Executive Directors, of whom three are considered by
the Board to be independent.

Stephen Hemsley, Executive Chairman, commented: "We are very pleased to
welcome Louise to the board of Franchise Brands as a Non-Executive Director
and Chair of the Audit Committee. Her substantial financial and Board level
experience combined with deep franchising experience will be particularly
valuable given our strategic focus on integration, driving operational gearing
and deleveraging. The appointment of an additional independent Non-executive
Director is also supportive of our commitment to operate to high standards of
corporate governance."

Louise George, Non-Executive Director, commented: "I am delighted to be
joining the board of Franchise Brands at this time. The Group has a strong
track record of delivery and has built an impressive portfolio of franchise
brands of scale in the UK, US and Europe with significant growth potential. I
look forward to bringing my financial and franchising experience to supporting
the team in realising the Group's strategic ambitions, as it integrates the
businesses it has acquired and deleverages."

Further information on Louise George, as required by the AIM Rules for
Companies, is set out at the end of this announcement.

 

Notice of Year-end Trading Update

The Group will provide a Year-end Trading Update for the financial year
ended 31 December 2024 on Tuesday 28 January 2025.

Further information on Louise George

The following information is provided in compliance with the AIM Rules for
Companies:

Louise Joan George is 59 and is currently a director of Sizewell Property
Limited.  During the past five years she served as a director of the
following companies:

 

Current

Sizewell Property Limited

 

Resignations in the past five years

                                                  Resignation date
 Uplong Ltd                                       07 September 2024
 Belvoir Group Limited                            07 March 2024
 Belvoir Property Management (U.K.) Limited       07 March 2024
 Northwood GB Limited                             07 March 2024
 Newton Fallowell Limited                         07 March 2024
 Purely Mortgage Consultants Limited              07 March 2024
 MAB (Gloucester) Limited                         07 March 2024
 Mr & Mrs Clarke Ltd                              07 March 2024
 BMA Bristol Limited                              07 March 2024
 Claygold Property Limited                        07 March 2024
 Brook Mortgage Services Limited                  07 March 2024
 Brook Financial Services Ltd                     07 March 2024
 MAB (South West) Ltd                             07 March 2024
 The Time Group Ltd                               07 March 2024
 Time Mortgage Experts Limited                    07 March 2024
 Time Mortgage Experts 2 Limited                  07 March 2024
 Time Mortgage Experts 3 Limited                  07 March 2024
 Nicholas Humphreys Franchise Limited             07 March 2024
 White Kite Holdings 2021 Limited                 07 March 2024
 White Kite Ltd                                   07 March 2024
 White Kite (Leicester) Limited                   07 March 2024
 Goodchilds Estate Agents & Lettings Limited      20 February 2024
 White Kite (Derby) Limited                       01 March 2023
 Newton & Derry Limited                           31 January 2023
 White Kite (Burton) Limited                      23 September 2022

 

Louise does not currently hold any shares in the Company.

There are no additional matters that are required to be disclosed.

 

Enquiries:

 Franchise Brands plc                                                 + 44 (0) 1625 813231
 Stephen Hemsley, Executive Chairman

 Peter Molloy, Group Chief Executive Officer
 Andrew Mallows, Interim Chief Financial Officer
 Julia Choudhury, Corporate Development Director

 Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker)  +44 (0) 20 7710 7600
 Matthew Blawat
 Nick Harland

 Allenby Capital Limited (Joint Broker)                               +44 (0) 20 3328 5656
 Jeremy Porter / Liz Kirchner (Corporate Finance)
 Amrit Nahal / Joscelin Pinnington (Sales & Corporate Broking)

 Dowgate Capital Limited (Joint Broker)                               +44 (0) 20 3903 7715
 James Serjeant (Corporate Broking)
 Malar Velaigam / Colin Climie (Sales)

 MHP Group (Financial PR)                                             +44 (0) 20 3128 8100
 Katie Hunt / Hugo Harris                                             +44 (0) 7884 494112
                                                                      franchisebrands@mhpgroup.com

 

About Franchise Brands plc

Franchise Brands is an international, multi-brand franchisor focused on B2B
van-based service with seven franchise brands and a presence in 10 countries
across the UK, North America and Europe. The Group is focused on building
market-leading businesses primarily via a franchise model and has a combined
network of over 625 franchisees.

The Company owns several market-leading brands with long trading histories,
including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which
benefit from the Group's central support services, particularly technology,
marketing, and finance. At the heart of Franchise Brands' business-building
strategy is helping its franchisees grow their businesses: "as they grow, we
grow".

Franchise Brands employs over 700 people across the Group.

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

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