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Franchise Brands PLC announced on 10 June 2026 that its Share Premium Cancellation has become effective. The High Court sanctioned the reduction of capital on 2 June 2026, and the order was registered by the Registrar of Companies on 4 June 2026, following shareholder approval on 30 April 2026. This action created approximately £131.1 million of distributable reserves, without affecting ordinary share rights or the number of shares in issue.
| Date | 10 Jun 2026 |
| Time | 12:41:51 |
| Category | Miscellaneous |
| ID | 7986H |
10 June 2026
FRANCHISE BRANDS PLC
("Franchise Brands", the "Group" or the "Company")
Share Premium Cancellation
Franchise Brands plc (AIM: FRAN), a platform of international B2B franchise brands focused on essential services through a mobile workforce, announces that the Share Premium Cancellation has now become effective.
Following the sanction by the High Court of England and Wales (the "Court") of the reduction of capital by way of cancellation of the Company's share premium account (the "Share Premium Cancellation") on 2 June 2026, the order of the Court confirming the Share Premium Cancellation and a statement of capital approved by the Court were registered by the Registrar of Companies on 4 June 2026.
Details of the Share Premium Cancellation were set out in the Notice of General Meeting and explanatory circular dated 24 March 2026, and the Share Premium Cancellation was approved by the shareholders of the Company at a general meeting of the Company on 30 April 2026. The effect of the Share Premium Cancellation is to create approximately £131.1m of distributable reserves in the accounts of the Company. This will provide the flexibility to enable the following, should circumstances make them appropriate: (i) further share buybacks; (ii) the future payment by the Company of dividends to its shareholders; and (iii) other corporate purposes of the Company.
The Share Premium Cancellation does not affect the rights attached to the Ordinary Shares and there is no change in the number of Ordinary Shares in issue (or their nominal value).
Enquiries:
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Franchise Brands plc |
+ 44 (0) 1625 813231 |
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Stephen Hemsley, Executive Chairman |
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Peter Molloy, Chief Executive Officer |
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Neil Miller, Chief Financial Officer |
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Julia Choudhury, Corporate Development Director |
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Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) |
+44 (0) 20 7710 7600 |
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Matthew Blawat |
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Jason Grossman |
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Allenby Capital Limited (Joint Broker) |
+44 (0) 20 3328 5656 |
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Jeremy Porter / Liz Kirchner (Corporate Finance) |
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Amrit Nahal / Tony Quirke (Sales & Corporate Broking) |
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MHP Group (Financial PR) |
+44 (0) 20 3128 8100 |
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Katie Hunt / Hugo Harris |
+44 (0) 7884 494112 |
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About Franchise Brands plc
Franchise Brands (FTSE AIM UK 50) is a platform of international B2B franchise brands focused on essential services through a mobile workforce. We have clarity of purpose which is acquire, develop and scale proven franchise businesses. Our focus is to help our franchisees grow their businesses, so that "as they grow, we grow".
Our franchise partners benefit from our One Franchise Brands platform which includes shared, bespoke technology systems, a strategic growth maximisation methodology and management franchising expertise.
We have 7 franchise brands in 10 countries, approximately 600 franchisees and 2,500 mobile service vehicles. We focus on resilient reactive and planned services and carry out approximately 1.3m jobs per year at an average value of £325 for approximately 65,000 commercial customers. We earn an average management service fee of 15% from each job undertaken by our franchise partners.
Our market-leading brands include Pirtek, Metro Rod and Filta. We employ approximately 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.