Franchise Brands PLC Result of scrip dividend and change to TVR (7402O)
June 03 2020 - 2:00AM
UK Regulatory
TIDMFRAN
RNS Number : 7402O
Franchise Brands PLC
03 June 2020
FRANCHISE BRANDS PLC
("Franchise Brands", the "Company" or the "Group")
Result of scrip dividend and change to total voting rights
Franchise Brands plc (AIM: FRAN), a multi-brand franchise
business, announces the issue of 388,199 new ordinary shares of 0.5
pence each in the Company ("New Ordinary Shares") as a result of
the election by shareholders to take the scrip dividend alternative
for the 2019 Final Dividend, details of which were announced on 30
March 2020. This represents an uptake by shareholders of
approximately 63 per cent. of the Company's issued ordinary shares
and reduces the Final Dividend cash payment to GBP228,695.
Application will be made for the admission to trading on AIM
("Admission") of the 388,199 New Ordinary Shares and it is expected
that Admission will occur on or around 8 June 2020.
Total voting rights
Upon Admission, the Company's issued share capital will consist
of 95,654,512 ordinary shares of 0.5p each ("Ordinary Shares"),
each with one voting right. There are 25,000 Ordinary Shares held
in treasury and therefore the total number of voting rights in the
Company will be 95,629,512. 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) 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) 203 328 5656
Jeremy Porter / Liz Kirchner / Nicholas
Chambers
Dowgate Capital Limited (Joint Broker) +44 (0) 203 903 7715
James Serjeant / Colin Climie
MHP Communications (Financial PR) +44 (0) 203 128 8100
Katie Hunt +44 (0) 7884 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 290 people across three
principal locations in Macclesfield, Kidderminster and
Aylesford.
For further information, visit www.franchisebrands.co.uk.
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
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