TIDMFRAN
RNS Number : 0462W
Franchise Brands PLC
20 April 2021
20 April 2021
FRANCHISE BRANDS PLC
("Franchise Brands", the "Company" or the "Group")
Result of Annual General Meeting
Franchise Brands plc (AIM: FRAN), a multi-brand franchise
business, is pleased to announce that at the Company's Annual
General Meeting held earlier today, all resolutions were duly
passed on a poll.
The proxy votes received from shareholders on each resolution
are set out below:
No. of % No. of % Total No. of
votes votes votes votes
for against cast (excluding withheld
votes
withheld)
ORDINARY RESOLUTIONS
1. To receive the
2020 report and financial
statements 75,536,882 100% 100 0% 75,536,982 -
2. Declaration of
Final Dividend 75,536,982 100% - 0% 75,536,982 -
------------- ----- --------------------- ---- ----------------- -------------------
3. Re-election Robin
Christian Bellhouse 75,531,893 100% 4,000 0% 75,535,893 1,089
------------- ----- --------------------- ---- ----------------- -------------------
4. Re-election of
Julia Rosalind Choudhary 75,531,893 100% 4,000 0% 75,535,893 1,089
------------- ----- --------------------- ---- ----------------- -------------------
5. Re-election of
John Christopher
Stewart Dent 75,531,893 100% 4,000 0% 75,535,893 1,089
------------- ----- --------------------- ---- ----------------- -------------------
6. Re-election of
Timothy John Harris 75,531,893 100% 4,000 0% 75,535,893 1,089
------------- ----- --------------------- ---- ----------------- -------------------
7. Re-election of
Stephen Glen Hemsley 75,531,893 100% 4,000 0% 75,535,893 1,089
------------- ----- --------------------- ---- ----------------- -------------------
8. Re-election of
Peter John Molloy 75,531,893 100% 4,000 0% 75,535,893 1,089
------------- ----- --------------------- ---- ----------------- -------------------
9. Re-election of
David John Poutney 71,351,348 99% 1,037,249 1% 72,388,597 3,148,385
------------- ----- --------------------- ---- ----------------- -------------------
10. Re-election of
Colin David Rees 75,531,893 100% 4,000 0% 75,535,893 1,089
------------- ----- --------------------- ---- ----------------- -------------------
11. Re-election of
Nigel William Wray 75,527,955 100% 7,938 0% 75,535,893 1,089
------------- ----- --------------------- ---- ----------------- -------------------
12. To reappoint
BDO LLP as auditors
of the Company 75,532,982 100% 4,000 0% 75,536,982 -
------------- ----- --------------------- ---- ----------------- -------------------
13. Authority to
determine remuneration
of auditor 75,532,982 100% 4,000 0% 75,536,982 -
------------- ----- --------------------- ---- ----------------- -------------------
14. Authority to
allot shares 75,527,387 100% 4,000 0% 75,531,387 5,595
------------- ----- --------------------- ---- ----------------- -------------------
SPECIAL RESOLUTIONS
--------------------------- ------------- ----- --------------------- ---- ----------------- -------------------
15. Disapplication
of pre-emption rights 59,738,700 83% 12,005,391 17% 71,744,091 2,792,891
------------- ----- --------------------- ---- ----------------- -------------------
16. Disapplication
of pre-emption rights
(for an acquisition
or other specified
capital investment) 63,559,245 84% 11,972,142 16% 75,531,387 5,595
------------- ----- --------------------- ---- ----------------- -------------------
17. Authority to
purchase own shares 75,536,982 100% - 0% 75,536,982 -
------------- ----- --------------------- ---- ----------------- -------------------
The Board notes the votes against special resolutions 15 and 16,
and, following the AGM, will engage with the Group's shareholders
to understand the reasons for these votes, ahead of preparing for
the Group's 2022 AGM.
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 (Corporate
Finance)
Amrit Nahal (Sales and Corporate Broking)
Dowgate Capital Limited (Joint Broker) +44 (0) 20 3903 7715
James Serjeant / Colin Climie / Nicholas
Chambers
MHP Communications (Financial PR) +44 (0) 20 3128 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, primarily via a franchise
model. The Group currently has a combined network of over 425
franchisees across five principal franchise brands. Our focus is on
established brands which can benefit from our shared support
services, specialist sector expertise, management experience and
group resources.
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 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 135 years.
Franchise Brands plc employs 265 people across three principal
locations in Macclesfield, Kidderminster and Aylesford.
For further information, visit www.franchisebrands.co.uk .
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END
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