- Title:
Exercise of Options and Other Matters - Time:
07:00:05 - Date:
25 Jun 2020 - Category:
Miscellaneous - ID:
0018R
25 June 2020
Franchise Brands plc
("Franchise Brands", the "Company" or the "Group")
Exercise of Options, Director/PDMR Shareholdings and Total Voting Rights
Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, announces the exercise of 90,863 employee options under the Company's 2016 IPO Share Plan and 2017 Scheme, which will be satisfied by the transfer out of treasury of 25,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") and the issue of 65,863 new Ordinary Shares ("New Ordinary Shares").
Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission of the 65,863 New Ordinary Shares to trading on AIM will become effective on or around 1 July 2020 ("Admission").
The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares.
Director/PDMR Shareholdings
The Company has been informed that certain Directors yesterday acquired, in aggregate, 64,615 ordinary shares in the Company as follows:
| Name |
Title |
No. of ordinary shares purchased |
Price per share (p) |
Total interest in ordinary shares now held |
Total interest in ordinary shares now held as percentage of enlarged issued share capital |
| Julia Choudhury |
Corporate Development Director |
5,000 |
105 |
1,529,365 |
1.60% |
| David Poutney |
Non-Executive Director |
59,615 |
100 |
3,644,845 |
3.81% |
Further details of these transactions can be found in the Notification of Dealing Form below.
Total voting rights
The Company yesterday transferred out of treasury 25,000 Ordinary Shares to satisfy part of the exercise of options detailed above. Accordingly, the issued share capital of the Company now consists of 95,654,512 Ordinary Shares, with one voting right per share, and there are no longer any shares held in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company is 95,654,512 and this figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
As a result of the issue of the 65,863 New Ordinary Shares, on Admission the issued share capital of the Company will consist of 95,720,375 Ordinary Shares, with one voting right per share, and no shares held in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will, from Admission, be 95,720,375 and this figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
| Franchise Brands plc |
+ 44 (0) 1625 813231 |
| Stephen Hemsley, Executive Chairman |
|
| Chris Dent, 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 / Nicholas Chambers |
|
|
|
|
| Dowgate Capital Limited (Joint Broker) |
+44 (0) 20 3903 7715 |
| James Serjeant / Colin Climie |
|
|
|
|
| MHP Communications (Financial PR) |
+44 (0) 20 3128 8100 |
| Katie Hunt |
+44 (0) 7884 494112 |
|
|
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 that 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 290 people across three principal locations in Macclesfield, Kidderminster and Aylesford.
For further information, visit www.franchisebrands.co.uk.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Julia Choudhury |
||||
| 2 |
Reason for the notification |
|||||
| a) |
Position/status |
Corporate Development Director |
||||
| b)
|
Initial notification /Amendment |
Initial notification |
||||
| 3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
Franchise Brands plc |
||||
| b) |
LEI |
213800CFRX6CJ8LCKN37 |
||||
| 4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a)
|
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.5p each in Franchise Brands plc Identification code (ISIN) for Franchise Brands plc ordinary shares: GB00BD6P7Y24 |
||||
| b) |
Nature of the transaction |
Purchase of shares |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
| e) |
Date of the transaction |
24 June 2020 |
||||
| f) |
Place of the transaction |
London Stock Exchange, XLON |
||||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
David Poutney |
||||
| 2 |
Reason for the notification |
|||||
| a) |
Position/status |
Non-Executive Director |
||||
| b)
|
Initial notification /Amendment |
Initial notification |
||||
| 3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
Franchise Brands plc |
||||
| b) |
LEI |
213800CFRX6CJ8LCKN37 |
||||
| 4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a)
|
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.5p each in Franchise Brands plc Identification code (ISIN) for Franchise Brands plc ordinary shares: GB00BD6P7Y24 |
||||
| b) |
Nature of the transaction |
Purchase of shares |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
| e) |
Date of the transaction |
24 June 2020 |
||||
| f) |
Place of the transaction |
London Stock Exchange, XLON |
||||
Exercise of Options and Other Matters07:00:0525 Jun 2020Miscellaneous0018R