REG - Franchise Brands PLC - Result of General Meeting

Franchise BrandsAnnouncement

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RNS Number : 6561C  Franchise Brands PLC  30 April 2026

30 April 2026

 

Franchise Brands plc

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

 

Result of General Meeting

 

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise
business, is pleased to announce that at the Company's General Meeting held
earlier today in connection with the proposed cancellation of the Share
Premium account, the resolution proposed was duly passed on a poll.

 

The votes validly received from shareholders and cast (or withheld) at the
meeting on the resolution are set out below:

 

 Resolution  Purpose of the resolution                                                    Votes       % of Votes Cast  Votes Against  % of Votes Cast  Total votes cast (excluding votes withheld  Votes Withheld

                                                                                          For
 SPECIAL RESOLUTION
 1.          That, subject to the approval of the High Court, the amount standing to the  89,526,063  100.0%           132            0.0%             89,526,195                                  1,277
             credit of the Share Premium Account of the Company be cancelled.

 

As outlined in the circular issued to shareholders on 31 March 2026, an
application will be made to the High Court seeking its approval of this
matter.  The company expects the initial directions hearing to be held on 20
May 2026 and the hearing to confirm the Share Premium cancellation to be held
on 2 June 2026.

 

The cancellation of the Share Premium account becomes effective on the date on
which the Court Order confirming the Share Premium Cancellation (and certain
accompanying documents) are registered by Companies House, which is expected
to be on or around Friday 5 June 2026.

 

Further announcements will be issued by the Company at the appropriate points
in the process.

 

 

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
 Jason Grossman

 Allenby Capital Limited (Joint Broker)                               +44 (0) 20 3328 5656
 Jeremy Porter / Liz Kirchner (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 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 over 600 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 almost 650 people across the Group and there are over
3,000 people in the franchise community.

For further information, visit www.franchisebrands.co.uk
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