REG - Franchise Brands PLC - Result of AGM

Franchise BrandsAnnouncement

18/07/2024 14:00

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RNS Number : 9824W  Franchise Brands PLC  18 July 2024

18 July 2024

 

Franchise Brands plc

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

 

Result of Annual General Meeting

 

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise
business, is pleased to announce that at the Company's Annual General Meeting
held earlier today, all resolutions proposed were duly passed on a poll.
Resolution 4, the re-appointment of Mark Fryer as a director of the Company,
was withdrawn by the board and not proposed at the meeting.

 

The proxy votes received from shareholders on each resolution are set out
below:

 

 Resolution   Description                                                                   Votes For    % of Votes Cast  Votes Against  % of Votes Cast  Total votes cast (excluding votes withheld  Votes Withheld
 ORDINARY RESOLUTIONS
 1.           To receive the 2023 report and financial statements                           148,139,547  100.00%          -              0.00%            148,139,547                                 -
 2.           Declaration of final dividend                                                 148,121,547  99.99%           18,000         0.01%            148,139,547                                 -
 3.           Re-election of Andy Brattesani                                                145,917,325  98.50%           2,222,222      1.50%            148,139,547                                 -
 5.           Re-election of Stephen Hemsley                                                145,869,828  98.47%           2,269,719      1.53%            148,139,547                                 -
 6.           Re-election of Peter Kear                                                     148,139,547  100.00%          -              0.00%            148,139,547                                 -
 7.           Re-election of Nigel Wray                                                     145,869,828  98.47%           2,269,719      1.53%            148,139,547                                 -
 8.           To reappoint BDO LLP as auditors of the Company                               148,139,547  100.00%          -              0.00%            148,139,547                                 -
 9.           Authority to determine remuneration of the auditors                           148,139,547  100.00%          -              0.00%            148,139,547                                 -
 10.          Authority to allot shares                                                     127,317,036  85.94%           20,822,511     14.06%           148,139,547                                 -
 SPECIAL RESOLUTIONS
 11.          Disapplication of pre-emption rights                                          126,610,314  85.47%           21,515,508     14.53%           148,125,822                                 13,725
 12.          Additional disapplication of pre-emption rights (for an acquisition or other  126,625,913  85.49%           21,499,909     14.51%           148,125,822                                 13,725
              specified capital investment)
 13.          Authority to purchase own shares                                              148,091,508  99.98%           34,314         0.02%            148,125,822                                 13,725

 

 

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___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzpkMzZmYjJmMDU0ZGM2MGRkZDVkZDA3ZjAzMzMxY2MzNjo2OjY5Mzg6MzZjOWM3YTU5YjUwNjZkMzJjNDJjYjlmMTU5YWYwNDQzMTM3MjVkZWE2MThkYjVlOTMwNTNlZDFlZmE0NTJmMTpwOkY6Tg)

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