REG - Franchise Brands PLC - Director/PDMR shareholding & holding in Company

Franchise BrandsAnnouncement

20/09/2024 07:00

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RNS Number : 9545E  Franchise Brands PLC  20 September 2024

20 September 2024

 

Franchise Brands plc

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

 

Director/PDMR shareholding & holding of significant shareholder

 

Franchise Brands plc, an international multi-brand franchise business,
announces that Euroblue Investments Limited, a company wholly owned by
Non-Executive Director Nigel Wray, yesterday sold 7,000,000 ordinary shares of
0.5 pence each in the Company ("Ordinary Shares"), at a price of 160 pence per
share. Mr Wray now has a total beneficial interest in 15,921,858 Ordinary
Shares, equivalent to 8.22% of the Company's total voting rights.

 

The form at the end of this announcement, which is provided in accordance with
the requirements of the UK Market Abuse Regulation, provides further detail.

 

In addition, the Company was informed yesterday that The Meredian Settlement
Trust yesterday sold 2,600,000 Ordinary Shares, at a price of 160 pence per
share, and therefore now holds 6,571,029 Ordinary Shares, equivalent to 3.39%
of the Company's total voting rights. Jason Sayers, CEO of Filta
International, and Mrs Dawn Sayers are beneficiaries of The Meredian
Settlement Trust who separately have a beneficial interest in, respectively,
2.12% and 0.34% of the Company's total voting rights.

 

 

Enquiries:

 

 Franchise Brands plc                                               + 44 (0) 1625 813231
 Stephen Hemsley, Executive Chairman
 Andrew Mallows, Interim 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 / Joscelin Pinnington (Sales & Corporate Broking)

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

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

 MHP Group (Financial PR)                                           +44 (0) 20 3128 8100
 Katie Hunt / Catherine Chapman                                     +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 7 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 approximately 700 people across the Group.

 

For further information, visit www.franchisebrands.co.uk
(https://protect.checkpoint.com/v2/___http:/www.franchisebrands.co.uk/___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzpjZWY1NTAzMjM5NzgwNzM5Mzg4MDk1MDY1ZDBhYWI3Mjo2OjAzODI6NTA0ZDU2ZDM2MWY2NmVhNjZjZDU2NTVlOTI4ZjQ4OTQ0MWUyOWFmMjBmZWM4MGNiY2I2M2I3ZWZjZjc5OGY1ZjpwOlQ)

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Euroblue Investments Limited, a person closely associated with Nigel Wray,
                                                                   Non-Executive Director
 2    Reason for the notification
 a)   Position/status                                              See 1a) above
 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                                    Sale of Ordinary Shares
 c)   Price(s) and volume(s)                                       Price: 160p per share

                                                                   Volume: 7,000,000

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      19 September 2024
 f)   Place of the transaction                                     London Stock Exchange - AIM

 

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