TIDMFRAN

RNS Number : 3294H

Franchise Brands PLC

31 July 2019

31 July 2019

Franchise Brands plc

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

TRANSACTION IN OWN SHARES

The Board of Franchise Brands announces that, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 23 April 2019, on 30 July 2019 the Company purchased 50,000 of its own ordinary shares of 0.5p each ("Ordinary Shares") at a price of 85p per share. These shares will be held as treasury shares.

Following this transaction, the total number of Ordinary Shares held as treasury shares by the Company is 413,700 Ordinary Shares. The total number of Ordinary Shares in issue is 77,732,033 (including shares held as treasury shares). Therefore, the total number of voting rights in the Company is 77,318,333 which 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.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Dowgate Capital Stockbrokers on behalf of the Company as part of the buyback programme.

Enquiries:

 
                                               + 44 (0) 1562 
 Franchise Brands plc                           826705 
 Stephen Hemsley, Executive Chairman 
 Chris Dent, Chief Financial Officer 
  Julia Choudhury, Corporate Development 
  Director 
 
 Allenby Capital Limited (Nominated Adviser    +44 (0) 203 
  and Joint Broker)                             328 5656 
 Jeremy Porter/ Liz Kirchner 
 
                                               +44 (0) 203 
 Dowgate Capital Limited (Joint Broker)         903 7715 
 James Serjeant/Colin Climie 
 
                                               +44 (0) 203 
 MHP Communications (Financial PR)              128 8100 
 Katie Hunt

Schedule of Purchases

 
 Shares purchased:    Franchise Brands plc (ISIN: GB00BD6P7Y24) 
 Date of purchases:   30 July 2019 
 Investment firm:     Dowgate Capital Stockbrokers

Aggregate information:

 
 Venue                    Volume-weighted   Aggregated volume 
                           average price, 
                           pence 
 London Stock Exchange    85p               50,000

Individual transaction:

 
 Number of shares   Transaction   Time of        Trading venue 
  purchased          price         transaction 
                     (pence per 
                     share) 
 25,000             85p           13.55          London Stock Exchange 
 2,500              85p           14.22          London Stock Exchange 
 10,000             85p           14.23          London Stock Exchange 
 12,500             85p           15.19          London Stock Exchange

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 rns@lseg.com or visit www.rns.com.

END

POSQFLBXKDFXBBB

(END) Dow Jones Newswires

July 31, 2019 02:33 ET (06:33 GMT)

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