REG - Franchise Brands PLC - Grant of Options to director

Franchise BrandsAnnouncement

Thu 14:00

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RNS Number : 4511T  Franchise Brands PLC  31 July 2025

31 July 2025

FRANCHISE BRANDS PLC

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

 

Grant of Options to director

 

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise
business, announces that the Company's Remuneration Committee has approved the
grant of an option over 180,000 Ordinary Shares in the Company (the "Option")
to Andrew Mallows, the Group's Chief Financial Officer. The Option has been
granted under the Company's Employee Share Option Plan ("Plan") today at an
exercise price of 126p per share (being the closing mid-market price of an
ordinary share on 30 July 2025).  Subject to the rules of the Plan and
meeting the performance conditions, the Option will be exercisable after three
years until the tenth anniversary of the date of grant.

The number of shares over which the Option can vest and be exercised is
subject to 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 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 straight-line sliding scale
basis, dependent on EPS growth between the targets in 1) and 2) above.

The year ending 31 December 2024 will be used as the base for the performance
conditions, with growth in EPS measured over the three financial years ending
31 December 2027, using data from the audited financial statements.

This is part of an annual grant of share options being made to a number of
senior employees.  As explained in the Company's 2024 annual report, no award
is being made at this time to Peter Molloy, the Group's CEO, as he received an
additional award in November 2024 following his appointment to that role,
which has the same performance condition and measurement period as the award
now being made to Andrew.

Following this grant, Andrew Mallows holds options over 1,081,970 Ordinary
Shares in the Company and has a personal holding of 124,290 Ordinary Shares in
the Company.

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

Enquiries:

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

 Peter Molloy, CEO
 Andrew Mallows, CFO
 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 / Daniel Dearden-Williams (Corporate Finance)
 Amrit Nahal / Joscelin Pinnington (Sales & Corporate Broking)

 Dowgate Capital Limited (Joint Broker)                               +44 (0) 20 3903 7715
 James Serjeant /Amber Higgs (Corporate Broking)
 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 (FTSE AIM UK 50) 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 c600 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 625 people across the Group and there are over
3,000 people in the franchise community.

For further information, visit www.franchisebrands.co.uk
(https://protect.checkpoint.com/v2/r06/___http:/www.franchisebrands.co.uk___.ZXV3MjpuZXh0MTU6YzpvOmNiOGI0NmY1YTVlZjM2Njc3MGYzYWJjZDcxY2EyNGFlOjc6ZDhhMjpjZjU3YTQyYjliYmZmZGQ2MTAyNzdjNGQ4Y2FkNWM2MjZjMDMxMjlkZDZjZDlhZTkxYWFkZTkzZGNiNWI2ODUyOnA6RjpU)

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Andrew Mallows
 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

                                                                   ISIN: GB00BD6P7Y24
 b)   Nature of the transaction                                    Grant of options over Ordinary Shares of 0.5p each under the Franchise Brands
                                                                   Employee Share Option Plan
 c)   Price(s) and volume(s)                                       Exercise price: 126p per share

                                                                   Volume: 180,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      31 July 2025
 f)   Place of the transaction                                     Outside of a trading venue

 

 

 

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