Holdings in Company and director’s holding

RNS Announcement

RNS Number : 7260L

Franchise Brands PLC

01 May 2020

Franchise Brands plc

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

Holdings in Company and director's holding

Franchise Brands (AIM: FRAN), a multi-brand franchise business, has received the TR-1 shareholding notification set out below for RBC Trustees (Jersey) Limited as trustee of Nigel Wray's family trust, as a result of a change in the Company's issued share capital and total voting rights. Subsequent to the completion of the recent fundraising on 30 April 2020, the total beneficial interest in the Company of Nigel Wray, Non-Executive Director of the Company, is 22,275,676 ordinary shares, which represents 23.39 per cent. of the current total voting rights in the Company. This interest includes the 14,026,380 ordinary shares set out in the form below which are held by Vidacos Nominees Limited, acting as nominee for RBC Trustees (Jersey) Limited as trustee of Mr Wray's family trust.

The TR-1 standard form for notification of major holdings is set out below without amendment.

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)ⁱ

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedⁱⁱ:			Franchise Brands PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer						N/a
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						N/a
An acquisition or disposal of financial instruments						N/a
An event changing the breakdown of voting rights						N/a
Other (please specify)ⁱⁱⁱ: Change in Issued Share Capital						X
3. Details of person subject to the notification obligation^iv
Name			Royal Bank of Canada
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)^v
Name			RBC Trustees (Jersey) Limited
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached^vi:			30/04/2020
6. Date on which issuer notified (DD/MM/YYYY):			01/05/2020
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuer^vii
Resulting situation on the date on which threshold was crossed or reached	14.73%			14.73%	95,241,313
Position of previous notification (if applicable)	15.39%			15.39%	91,162,924

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights^ix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BD6P7Y24		14,026,380					14.73%

SUBTOTAL 8. A		14,026,380					14.73%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration date^x	Exercise/ Conversion Period^xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
N/a


			SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date^x		Exercise/ Conversion Period ^xi		Physical or cash settlement^xii			Number of voting rights	% of voting rights
N/a


					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv(please add additional rows as necessary)				X
Name^xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Royal Bank of Canada	14.73%		14.73% (Parent company)
RBC Trustees (Jersey) Limited	14.73%		14.73%




10. In case of proxy voting, please identify:
Name of the proxy holder		N/a
The number and % of voting rights held		N/a
The date until which the voting rights will be held		N/a

11. Additional information^xvi
The total number of voting rights in the Company is 95,241,313 shares as at 30/04/2020.

Place of completion	Jersey, Channel Islands
Date of completion	01/05/2020

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

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RNS metadata

Title: Holdings in Company and director’s holding
Time: 17:10:00
Date: 1 May 2020
Category: Holding(s) in company
ID: 7260L