REG - Franchise Brands PLC - Exercise of share options, PDMR notification & TVR

Franchise BrandsAnnouncement

08/11/2022 07:00

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RNS Number : 5854F  Franchise Brands PLC  08 November 2022

8 November 2022

 

 

FRANCHISE BRANDS PLC

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

 

Exercise of share options

and change to Total Voting Rights

 

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise
business, announces that Colin Rees, Chief Information Officer, has exercised
options to acquire 303,030 ordinary shares of 0.5 pence each in the Company
("Ordinary Shares") pursuant to the terms of the Company's EMI Share Option
Scheme. The options have an exercise price of 49.5p per share and will be
satisfied by the issue of 303,030 new Ordinary Shares, generating proceeds of
£149,999.85 for the Company.

 

Following this option exercise, Colin Rees now holds 706,039 Ordinary Shares,
representing approximately 0.54 per cent. of the issued share capital of the
Company as enlarged by the 303,030 new Ordinary Shares.

 

Application will be made for the 303,030 new Ordinary Shares to be admitted to
trading on AIM and it is expected that Admission will occur on or around 11
November 2022. These new Ordinary Shares rank pari passu in all respects with
the Company's existing Ordinary Shares.

 

The table for notification and public disclosure of transactions by persons
discharging managerial responsibilities in accordance with the requirements of
the EU Market Abuse Regulation, which forms part of domestic UK law pursuant
to the European Union (Withdrawal) Act 2018, is appended below.

 

 

Total Voting Rights

 

Upon Admission, the Company's issued share capital will consist of 130,311,112
Ordinary Shares with one voting right each. The Company does not hold any
Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares
and voting rights in the Company will be 130,311,112. With effect from
Admission, this figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

 

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 / George Payne (Corporate Finance)

 Amrit Nahal (Sales & Corporate Broking)

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

 MHP Communications (Financial PR)                              +44 (0) 20 3128 8100
 Katie Hunt/Catherine Chapman                                   +44 (0) 7884 494112
                                                                franchisebrands@mhpc.com

 

About Franchise Brands plc

 

Franchise Brands is focused on building market-leading businesses primarily
via a franchise model. The Group currently has a combined network of 600
franchisees across six principal franchise brands in the UK, North America and
Europe. Our focus is on established brands which can benefit from our shared
support services, specialist sector expertise, management experience and group
resources.

 

Our B2B brands are Metro Rod, Metro Plumb, Filta, Willow Pumps and Azura, and
our principle B2C brands are ChipsAway, Ovenclean and Barking Mad. Each of
our brands are leaders in their respective markets. The combined trading
history of all the Group's brands is over 190 years. Franchise Brands employs
over 430 people from 5 principal offices in the UK as well as Orlando, Florida
and the Netherlands.

 

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

 

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Colin Rees
 2    Reason for the notification
 a)   Position/status                                              Chief Information 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                                    Exercise of options

 c)   Price(s) and volume(s)                                        Price(s)   Volume(s)
                                                                   49.5 pence  303,030
 d)   Aggregated information

      - Aggregated volume                                          303,030 Ordinary Shares

      - Price                                                      £149,999.85
 e)   Date of the transactions                                     7 November 2022

 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

303,030 Ordinary Shares

£149,999.85

e)

Date of the transactions

7 November 2022

 

f)

Place of the transaction

Outside a trading venue

 

 

 

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