REG - Franchise Brands PLC - Proposed Share Premium cancellation

Franchise BrandsAnnouncement

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RNS Number : 9211Y  Franchise Brands PLC  31 March 2026

31 March 2026

FRANCHISE BRANDS PLC

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

 

Proposed Share Premium cancellation

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise
business, announces that a General Meeting has been convened to seek
shareholders' authority for the cancellation of the Share Premium account of
the Company.

A Notice of General Meeting (the Circular) and Form of Proxy relating to the
General Meeting will be posted to shareholders today, and both documents are
available to view, download and print at
https://www.franchisebrands.co.uk/investor-information/reports-presentations/#circulars-sent-to-shareholders
(https://www.franchisebrands.co.uk/investor-information/reports-presentations/#circulars-sent-to-shareholders)
.

The Circular contains details of the proposed cancellation of the Company's
share premium account (the Share Premium Cancellation). The Share Premium
Cancellation is proposed to be undertaken to create approximately £131.1m of
distributable reserves to support (i) the implementation of the share buyback
programme announced by the Company on 28 January 2026; (ii) the future payment
by the Company of dividends to its Shareholders (in each case should
circumstances dictate it appropriate or desirable to do so); and (iii) for
other corporate purposes of the Company.

Capitalised terms in this announcement have the meaning given to them in the
Circular.

The Share Premium Cancellation is conditional upon the passing of the special
resolution set out in the Notice of General Meeting by the Company's
Shareholders, as well as approval being obtained from the Court. It is
expected that the Court's final hearing of the application will take place on
2 June 2026. The Effective Date of the Share Premium Cancellation is expected
to be on or around 5 June 2026 but will depend on, amongst other things, the
date on which the Court confirms the Share Premium Cancellation.

Completion of the Share Premium Cancellation will not affect the rights
attached to the Ordinary Shares and will not result in any change to the
number of Ordinary Shares in issue (or their nominal value).

The General Meeting will be held at the offices of Gateley Legal, 1
Paternoster Square, London, EC4M 7DX will be held at 11:15 a.m. (or, if later,
immediately following the conclusion of the Annual General Meeting) on 30
April 2026.

 

Enquiries:

 

 Franchise Brands plc                                                 + 44 (0) 1625 813231
 Stephen Hemsley, Executive Chairman
 Peter Molloy, Chief Executive Officer
 Andrew Mallows, Chief Financial Officer
 Julia Choudhury, Corporate Development Director

 Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker)  +44 (0) 20 7710 7600
 Matthew Blawat
 Jason Grossman

 Allenby Capital Limited (Joint Broker)                               +44 (0) 20 3328 5656
 Jeremy Porter / Ashur Joseph (Corporate Finance)
 Amrit Nahal / Joscelin Pinnington (Sales & Corporate Broking)

 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 platform model
and has a combined network of nearly 600 franchise partners.

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 just over 600 people across the Group and there are
over 3,000 people employed in the franchise community.

For further information, visit www.franchisebrands.co.uk
(https://protect.checkpoint.com/v2/___http:/www.franchisebrands.co.uk___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzo5NTNkZjRiZThjNjgxOWVhNjViNWFhNTA0YjM5ODk3MDo2OjY2OGY6NDViNTkzMDg4YjAxZGMxOGUwYzc1MWJhZTI5ZDAyZmUyYWI4N2YwZGE5NGFiODE1NTJjNTBkZmI2ZTY4M2Q1NjpwOkY6Tg)
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