TIDMFRAN
RNS Number : 9789I
Franchise Brands PLC
07 April 2020
Franchise Brands plc
("Franchise Brands", or the "Company", or "Group")
Board and senior management scrip dividend election
Franchise Brands plc (AIM: FRAN), a multi-brand franchise
business, announces that all Directors and a number of members of
senior management have elected to receive the scrip dividend
instead of cash in respect of the proposed 2019 final dividend,
details of which were announced on 30 March 2020. The Directors'
shareholdings in the Company will therefore increase upon issue of
the scrip dividend shares which is due to occur by 8 June 2020.
Their shareholdings will be as follows:
Director Current t Current Number of Total interest
otal interest percentage pro rata scrip in ordinary
in ordinary of total dividend shares shares upon
shares (prior voting rights to be issued issue of the
to payment held (prior scrip dividend
of the scrip to payment shares
dividend) of the scrip
dividend)
Stephen Hemsley 20,515,117 25.75 132,552 20,647,669
--------------- --------------- ----------------- ----------------
Chris Dent 15,000 0.02 96 15,096
--------------- --------------- ----------------- ----------------
Peter Molloy 33,644 0.04 217 33,861
--------------- --------------- ----------------- ----------------
Tim Harris 1,362,314 1.71 8,802 1,371,116
--------------- --------------- ----------------- ----------------
Julia Choudhury 1,517,288 1.90 9,803 1,527,091
--------------- --------------- ----------------- ----------------
Colin Rees 323,507 0.41 2,090 325,597
--------------- --------------- ----------------- ----------------
Nigel Wray 21,720,120 27.26 140,337 21,860,457
--------------- --------------- ----------------- ----------------
David Poutney 3,438,881 4.32 22,219 3,461,100
--------------- --------------- ----------------- ----------------
Rob Bellhouse 82,768 0.10 534 83,302
--------------- --------------- ----------------- ----------------
Total 49,008,639 61.50 316,650 49,325,28 9
--------------- --------------- ----------------- ----------------
The percentage of voting rights which will be held by the
Directors on completion of the scrip dividend share issue will be
announced after 26 May 2020, which is the final date for
shareholders to elect for the scrip dividend and therefore the
resulting number of new ordinary shares to be issued will be
known.
In addition to the Directors, the Company has been notified of a
number of senior managers within the Group who have also elected to
take the scrip dividend, taking the total percentage of the share
capital electing for the scrip dividend, that the Company is aware
of, to 63.6%.
The above table also confirms the shareholding of Peter Molloy,
which since November 2018 had been incorrectly understated by 62
shares.
Further details and the information required in accordance with
the requirements of Article 19(3) of the EU Market Abuse Regulation
No 596/2014 are set out at the end of this announcement.
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 +44 (0) 203 328
and Joint Broker) 5656
Jeremy Porter / Liz Kirchner / Nicholas Chambers
+44 (0) 203 903
Dowgate Capital Limited (Joint Broker) 7715
James Serjeant / Colin Climie
+44 (0) 203 128
MHP Communications (Financial PR) 8100
Katie Hunt 07884 494112
franchisebrands@mhpc.com
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.
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 PDMRs: Stephen Hemsley Executive Chairman
Chris Dent Chief Financial Officer
--------------------------
Peter Molloy Managing Director, Metro
Rod
--------------------------
Tim Harris Managing Director, B2C
Division
--------------------------
Julia Choudhury Corporate Development
Director
--------------------------
Colin Rees Chief Information Officer
--------------------------
Nigel Wray Non-Executive Director
--------------------------
David Poutney Non-Executive Director
--------------------------
Rob Bellhouse Non-Executive Director
--------------------------
-------------------------- ----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status See 1a) above
-------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------------
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 Ordinary shares of 0.5p each
financial instrument, in Franchise Brands plc
type of instrument
Identification code Identification code (ISIN) for
Franchise Brands plc ordinary
shares: GB00BD6P7Y24
-------------------------- ----------------------------------------------
b) Nature of the transaction Election of scrip dividend alternative
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price: 100.6p
Volumes:
Stephen Hemsley 132,552
Chris Dent 96
--------
Peter Molloy 217
--------
Tim Harris 8,802
--------
Julia Choudhury 9,803
--------
Colin Rees 2,090
--------
Nigel Wray 140,337
--------
David Poutney 22,219
--------
Rob Bellhouse 534
--------
316,650
--------
-------------------------- ----------------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------- ----------------------------------------------
e) Date of the transaction 6 April 2020
-------------------------- ----------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ----------------------------------------------
The information set out in this announcement is provided in
accordance with the requirements of Article 19(3) of the EU Market
Abuse Regulation No 596/2014.
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
DSHEANLKEALEEFA
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