Franchise Brands plc
("Franchise Brands", the "Company" or "Group")
Exercise of share options and change to total voting rights
Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, announces the issue of 196,970 new ordinary shares of 0.5 pence each in the Company ("New Ordinary Shares") pursuant to the exercise of EMI options under the Company's 2016 IPO Share Plan (the "Option Exercises") by employees of the Group.
Application has been made for the admission to trading on AIM ("Admission") of the 196,970 New Ordinary Shares and it is expected that Admission will occur on or around 11 March 2020.
Following the Option Exercises, the Company has a total of 4,304,347 options over Ordinary Shares outstanding.
Total voting rights
Upon Admission, the Company's issued share capital will consist of 79,710,757 Ordinary Shares, each with one voting right. There are 25,000 Ordinary Shares held in treasury and so the total number of voting rights in the Company will be 79,685,757. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
Franchise Brands plc |
+ 44 (0) 1562 826705 |
Stephen Hemsley, Executive Chairman |
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Chris Dent, Chief Financial Officer |
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Allenby Capital Limited (Nominated Adviser and Joint Broker) |
+44 (0) 20 3328 5656 |
Jeremy Porter / Liz Kirchner / Nicholas Chambers |
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Dowgate Capital Limited (Joint Broker) |
+44 (0) 20 3903 7715 |
James Serjeant / Colin Climie |
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MHP Communications (Financial PR) |
+44 (0) 20 3128 8100 |
Katie Hunt / Patrick Hanrahan |
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About Franchise Brands plc
Franchise Brands is focused on building market-leading businesses in selected customer segments using primarily a franchise model. The Group currently has a combined network of over 450 franchisees across five franchise brands. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.
Franchise Brands' portfolio of market-leading service businesses grew in 2019 with the acquisition of Willow Pumps. The addition of Willow Pumps, a direct labour organisation, represented an important step in expanding Metro Rod and Metro Plumb's range of services to the commercial market.
The Group is organised into a B2B division comprised of Metro Rod, Metro Plumb and Willow Pumps, and a B2C division incorporates ChipsAway, Ovenclean and Barking Mad. This divisional organisation of our brands is designed to provide a greater focus and structure to support the strategic development of our B2B and B2C brands.
Each of our brands are leaders in their respective markets and each brand has a long trading history. The combined trading history of all the Group's brands is over 125 years.
Franchise Brands plc employs some 250 people across three principal locations in Macclesfield, Kidderminster and Aylesford.
For further information, visit www.franchisebrands.co.uk.
