20
September 2024
Franchise Brands
plc
("Franchise Brands", the "Company" or the "Group")
Director/PDMR shareholding
& holding of significant shareholder
Franchise Brands plc, an
international multi-brand franchise business, announces that
Euroblue Investments Limited, a company wholly owned by
Non-Executive Director Nigel Wray, yesterday sold 7,000,000
ordinary shares of 0.5 pence each in the Company ("Ordinary
Shares"), at a price of 160 pence per share. Mr Wray now has a
total beneficial interest in 15,921,858 Ordinary Shares, equivalent
to 8.22% of the Company's total voting rights.
The form at the end of this
announcement, which is provided in accordance with the requirements
of the UK Market Abuse Regulation, provides further
detail.
In addition, the Company was
informed yesterday that The Meredian Settlement Trust yesterday
sold 2,600,000 Ordinary Shares, at a price of 160 pence per share,
and therefore now holds 6,571,029 Ordinary Shares, equivalent to
3.39% of the Company's total voting rights. Jason Sayers, CEO of
Filta International, and Mrs Dawn Sayers are beneficiaries of The
Meredian Settlement Trust who separately have a beneficial interest
in, respectively, 2.12% and 0.34% of the Company's total voting
rights.
Enquiries:
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Franchise Brands plc
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+ 44 (0) 1625
813231
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Stephen Hemsley, Executive
Chairman
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Andrew Mallows, Interim Chief
Financial Officer
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Julia Choudhury, Corporate
Development Director
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Allenby Capital Limited (Nominated Adviser and Joint
Broker)
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+44 (0) 20 3328
5656
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Jeremy Porter / Liz Kirchner (Corporate
Finance)
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Amrit Nahal / Joscelin Pinnington
(Sales & Corporate Broking)
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Dowgate Capital Limited (Joint Broker)
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+44 (0) 20 3903
7715
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James Serjeant / Nicholas
Chambers
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Stifel Nicolaus Europe Limited (Joint
Broker)
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+44 (0)20 7710
7600
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Matthew Blawat
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MHP
Group (Financial PR)
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+44 (0) 20 3128
8100
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Katie Hunt / Catherine
Chapman
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+44 (0) 7884
494112
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franchisebrands@mhpgroup.com
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About Franchise Brands plc
Franchise Brands is an
international, multi-brand franchisor focused on B2B van-based
service with 7 franchise brands and a presence in 10 countries
across the UK, North America and Europe. The Group is focused on
building market-leading businesses primarily via a franchise model
and has a combined network of over 625 franchisees.
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: "As they grow, we grow".
Franchise Brands employs
approximately 700 people across the Group.
For further information,
visit www.franchisebrands.co.uk
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
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a)
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Name
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Euroblue Investments Limited, a
person closely associated with Nigel Wray, Non-Executive
Director
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2
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Reason for the notification
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a)
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Position/status
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See 1a) above
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b)
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Initial notification
/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name
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Franchise Brands PLC
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b)
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LEI
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213800CFRX6CJ8LCKN37
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4
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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
|
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a)
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Description of the financial
instrument, type of instrument
Identification code
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Ordinary shares of 0.5p each
in Franchise Brands PLC
Identification code (ISIN)
for Franchise Brands PLC ordinary shares:
GB00BD6P7Y24
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b)
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Nature of the transaction
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Sale of Ordinary Shares
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c)
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Price(s) and volume(s)
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Price: 160p per share
Volume: 7,000,000
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d)
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Aggregated information
- Aggregated volume
- Price
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n/a
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e)
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Date of the transaction
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19 September 2024
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f)
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Place of the transaction
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London Stock Exchange -
AIM
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