Franchise Brands PLC Director/PDMR Shareholding and Grant of Options (2852I)
August 04 2023 - 2:00AM
UK Regulatory
TIDMFRAN
RNS Number : 2852I
Franchise Brands PLC
04 August 2023
4 August 2023
FRANCHISE BRANDS PLC
("Franchise Brands", the "Group" or the "Company")
Director/PDMR Shareholding Notification and Grant of Options
Franchise Brands (AIM: FRAN), a multi-brand international
franchise business, has been advised that on 2 August 2023, Mark
Fryer, Chief Financial Officer, purchased 150,943 and his wife
34,057 ordinary shares of 0.5 pence each in the Company ("Ordinary
Shares"), at 132.5p per share. Therefore, he now has a total direct
and indirect beneficial interest in 185,000 Ordinary Shares,
equivalent to approximately 0.1% of the Company's current issued
share capital.
Mark Fryer joined the Company as Group CFO on 2 August 2023 and
in connection with his appointment, on 2 August 2023, the Company's
Remuneration Committee approved the grant to him of 622,641 share
options over Ordinary Shares in the Company. Additionally, a
further grant of 185,000 share options have been granted to Mark
Fryer based on the number of Ordinary Shares in the Company he has
purchased. These options have an exercise price of 132.5p per share
(being the closing mid-market price of an ordinary share on 2
August 2023) and are exercisable after three years for a period of
seven years. The number of share options that vest and can be
exercised is subject to certain performance criteria being met as
follows:
1) as to 20 per cent. after reported fully diluted adjusted
earnings per share ("EPS") achieves compound annual growth of 8 per
cent. over each of the next three financial years;
2) as to 100 per cent. after reported fully diluted adjusted EPS
achieves compound annual growth of 15 per cent. over each of the
next three financial years; and
3) between 20 per cent. to 100 per cent. on a sliding scale
basis dependent on EPS growth between the targets in 1) and 2)
above.
The tables below, which have been provided in accordance with
the requirements of the UK Market Abuse Regulation, provide further
details of these transactions.
Enquiries:
Franchise Brands plc + 44 (0) 1625 813 231
Stephen Hemsley, Executive Chairman
Mark Fryer, Chief Financial Officer
Julia Choudhury, Corporate Development Director
Allenby Capital Limited (Nominated Adviser
and Joint Broker) +44 (0) 20 3328 5656
Jeremy Porter/George Payne (Corporate Finance)
Amrit Nahal/Joscelin Pinnington (Sales &
Corporate Broking)
Dowgate Capital Limited (Joint Broker) +44 (0) 20 3903 7715
James Serjeant / Russell Cook / Nicholas
Chambers
Stifel Nicolaus Europe Limited (Joint Broker) +44 (0) 20 7710 7600
Matthew Blawat / Francis North
MHP Group (Financial PR) +44 (0) 20 3128 8100
Katie Hunt / Catherine Chapman / Christian
Harte +44 (0) 7884 494112
franchisebrands@mhpgroup.com
About Franchise Brands plc
Franchise Brands is an international, multi-brand franchisor
focused on building market-leading businesses primarily via a
franchise model. The Group has a combined network of 648
franchisees across seven franchise brands in ten countries covering
the UK, North America and Europe.
Franchise Brands' focus is on B2B van-based reactive and planned
services. The Company owns several market-leading brands with long
trading histories, including Pirtek in Europe, Filta, Metro Rod and
Metro Plumb, all of which benefit from the Group's central support
services, particularly technology, marketing, and finance. At the
heart of Franchise Brands' business-building strategy is helping
its franchisees grow their businesses: "if they grow, we grow".
Franchise Brands employs some 715 people across the Group.
For further information, visit www.franchisebrands.co.uk
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Fryer
------------------------------- ----------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ----------------------------------
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 Ordinary shares of 0.5p each
the financial instrument, in Franchise Brands PLC
type of instrument Identification code (ISIN)
Identification for Franchise Brands PLC
code ordinary shares: GB00BD6P7Y24
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price: 132.5p per share
Volume: 150,943
------------------------------- ----------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
------------------------------- ----------------------------------
e) Date of the transaction 2 August 2023
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange - AIM
------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Heather Fryer
----------------------------- ------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Person Closely Associated
with Mark Fryer, Chief Financial
Officer
----------------------------- ------------------------------------
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 Ordinary shares of 0.5p each
the financial instrument, in Franchise Brands PLC
type of instrument Identification code (ISIN)
Identification for Franchise Brands PLC
code ordinary shares: GB00BD6P7Y24
----------------------------- ------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
----------------------------- ------------------------------------
c) Price(s) and volume(s) Price: 132.5p per share
Volume: 34,057
----------------------------- ------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
----------------------------- ------------------------------------
e) Date of the transaction 2 August 2023
----------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange - AIM
----------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Fryer
------------------------------- ----------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ----------------------------------
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 Ordinary shares of 0.5p each
the financial instrument, in Franchise Brands PLC
type of instrument Identification code (ISIN)
Identification for Franchise Brands PLC
code ordinary shares: GB00BD6P7Y24
------------------------------- ----------------------------------
b) Nature of the transaction Grant of options over Ordinary
Shares of 0.5p each
------------------------------- ----------------------------------
c) Price(s) and volume(s) Exercise price: 132.5p per
share
Volume: 807,641
------------------------------- ----------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
------------------------------- ----------------------------------
e) Date of the transaction 2 August 2023
------------------------------- ----------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ----------------------------------
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END
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