REG - Franchise Brands PLC - Grant of Options

Franchise BrandsAnnouncement

08/07/2024 13:45

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RNS Number : 5439V  Franchise Brands PLC  08 July 2024

8 July 2024

FRANCHISE BRANDS PLC

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

 

Grant of Options

 

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise
business, announces that the Company's Remuneration Committee has approved the
grant of 351,288 share options over Ordinary Shares in the Company to Andrew
Mallows, the Interim Chief Financial Officer. These options have an exercise
price of 158p per share (being the closing mid-market price of an ordinary
share on 5 July 2024) 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 table below, which has been 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
 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: "if they grow, we
grow".

 

Franchise Brands employs c700 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                                                         Andrew Mallows
 2    Reason for the notification
 a)   Position/status                                              Interim 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: 158p per share

                                                                   Volume: 351,288

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      6 July 2024
 f)   Place of the transaction                                     Outside of a trading venue

 

 

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