REG - Franchise Brands PLC - Director/PDMR Shareholding and Grant of Options

Franchise BrandsAnnouncement

04/08/2023 07:00

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RNS Number : 2852I  Franchise Brands PLC  04 August 2023

4 August 2023

 

FRANCHISE BRANDS PLC

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

 

Director/PDMR Shareholding Notification and Grant of Options

 

Franchise Brands (AIM: FRAN), a multi-brand international franchise business,
has been advised that on 2 August 2023, Mark Fryer, Chief Financial Officer,
purchased 150,943 and his wife 34,057 ordinary shares of 0.5 pence each in the
Company ("Ordinary Shares"), at 132.5p per share. Therefore, he now has a
total direct and indirect beneficial interest in 185,000 Ordinary Shares,
equivalent to approximately 0.1% of the Company's current issued share
capital.

 

Mark Fryer joined the Company as Group CFO on 2 August 2023 and in connection
with his appointment, on 2 August 2023, the Company's Remuneration Committee
approved the grant to him of 622,641 share options over Ordinary Shares in the
Company. Additionally, a further grant of 185,000 share options have been
granted to Mark Fryer based on the number of Ordinary Shares in the Company he
has purchased. These options have an exercise price of 132.5p per share (being
the closing mid-market price of an ordinary share on 2 August 2023) and are
exercisable after three years for a period of seven years. The number of share
options that vest and can be exercised is subject to certain performance
criteria being met as follows:

 

1)     as to 20 per cent. after reported fully diluted adjusted earnings per
share ("EPS") achieves compound annual growth of 8 per cent. over each of the
next three financial years;

 

2)      as to 100 per cent. after reported fully diluted adjusted EPS
achieves compound annual growth of 15 per cent. over each of the next three
financial years; and

 

3)      between 20 per cent. to 100 per cent. on a sliding scale basis
dependent on EPS growth between the targets in 1) and 2) above.

 

The tables below, which have been provided in accordance with the requirements
of the UK Market Abuse Regulation, provide further details of these
transactions.

 

Enquiries:

 

 Franchise Brands plc                                              + 44 (0) 1625 813 231
 Stephen Hemsley, Executive Chairman
 Mark Fryer, Chief Financial Officer
 Julia Choudhury, Corporate Development Director

 Allenby Capital Limited (Nominated Adviser and Joint Broker)      +44 (0) 20 3328 5656
 Jeremy Porter/George Payne (Corporate Finance)

 Amrit Nahal/Joscelin Pinnington (Sales & Corporate Broking)

 Dowgate Capital Limited (Joint Broker)                            +44 (0) 20 3903 7715
 James Serjeant / Russell Cook / Nicholas Chambers

 Stifel Nicolaus Europe Limited (Joint Broker)                     +44 (0) 20 7710 7600
 Matthew Blawat / Francis North

 MHP Group (Financial PR)                                          +44 (0) 20 3128 8100
 Katie Hunt / Catherine Chapman / Christian Harte                  +44 (0) 7884 494112
                                                                   franchisebrands@mhpgroup.com (mailto:franchisebrands@mhpgroup.com)

 

About Franchise Brands plc

 

Franchise Brands is an international, multi-brand franchisor focused on
building market-leading businesses primarily via a franchise model. The Group
has a combined network of 648 franchisees across seven franchise brands in ten
countries covering the UK, North America and Europe.

 

Franchise Brands' focus is on B2B van-based reactive and planned services. 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: "if they grow, we
grow".

 

Franchise Brands employs some 715 people across the Group.

 

For further information, visit www.franchisebrands.co.uk
(http://www.franchisebrands.co.uk)

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Mark Fryer
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 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  Ordinary shares of 0.5p each in Franchise Brands PLC

      Identification code                                          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)                                       Price: 132.5p per share

                                                                   Volume: 150,943

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      2 August 2023
 f)   Place of the transaction                                     London Stock Exchange - AIM

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Heather Fryer
 2    Reason for the notification
 a)   Position/status                                              Person Closely Associated with Mark Fryer, Chief Financial Officer
 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  Ordinary shares of 0.5p each in Franchise Brands PLC

      Identification code                                          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)                                       Price: 132.5p per share

                                                                   Volume: 34,057

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      2 August 2023
 f)   Place of the transaction                                     London Stock Exchange - AIM

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Mark Fryer
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 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  Ordinary shares of 0.5p each in Franchise Brands PLC

      Identification code                                          Identification code (ISIN) for Franchise Brands PLC ordinary shares:
                                                                   GB00BD6P7Y24
 b)   Nature of the transaction                                    Grant of options over Ordinary Shares of 0.5p each
 c)   Price(s) and volume(s)                                       Exercise price: 132.5p per share

                                                                   Volume: 807,641

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      2 August 2023
 f)   Place of the transaction                                     Outside of a trading venue

 

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