TIDMFRAN
RNS Number : 1197C
Franchise Brands PLC
11 April 2017
11 April 2017
FRANCHISE BRANDS PLC
("Franchise Brands", the "Company" or the "Group")
Completion of acquisition of Metro Rod Limited ("Metro Rod"),
Directors' shareholdings and Total Voting Rights
Franchise Brands plc, a multi-brand international franchisor, is
pleased to announce that further to its announcement of 10 April
2017, its enlarged share capital has this morning been admitted to
trading on AIM and completion of the acquisition of Metro Rod has
occurred.
Stephen Hemsley, Executive Chairman, said:
"I am delighted to announce the completion of the acquisition of
Metro Rod, which represents a transformational step in respect of
implementing the Group's stated buy and build strategy. We welcome
Metro Rod to the Franchise Brands Group and look forward to working
with our new team members and franchisees."
Directors' shareholdings
All of the Directors of the Company participated in the placing
to raise gross proceeds of GBP20 million, details of which were
announced on 23 March 2017. The Directors now have the following
shareholdings in the Company:
Number of Percentage
Ordinary of Ordinary
Shares held Shares in
Director issue
Stephen
Hemsley 20,463,117 26.33
Nigel Wray 21,543,120 27.71
David Poutney 2,033,970 2.62
Julia Choudhury 1,204,258 1.55
Tim Harris 1,059,284 1.36
Robin Auld 946,195 1.22
Rob Bellhouse 82,768 0.11
================= ================= =============
Total 47,332,712 60.89
================= ================= =============
Total Voting Rights
The issued share capital of the Company consists of 77,732,033
Ordinary Shares, with one voting right per share. The Company does
not hold any shares in treasury.
The above figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
The same definitions apply throughout this announcement as set
out in the announcement of 23 March 2017, unless the context
requires otherwise.
For further information, please contact:
Franchise Brands plc
+ 44 (0) 800 012 6462
Stephen Hemsley, Executive Chairman
Julia Choudhury, Corporate Development Director
MHP Communications +44 (0) 20 3128 8100
(Financial PR)
franchisebrands@mhpc.com
Katie Hunt / Hannah Winter
Allenby Capital Limited +44 (0) 20 3328 5656
(Nominated Adviser and Joint Broker)
Jeremy Porter/ James Thomas / Liz Kirchner
Dowgate Capital Stockbrokers +44 (0)1293 517744
(Joint Broker)
James Serjeant / Neil Badger
Further information on Franchise Brands:
Franchise Brands is a group of international multi-brand
franchisors with a combined network currently of over 450
franchisees in 12 countries, but predominantly in the UK. The
Group's main brands are ChipsAway, a mobile car paintwork repair
specialist with over 220 franchisees in the UK; Ovenclean, a mobile
domestic oven cleaning business with over 100 franchisees; Barking
Mad, a leading franchise provider of dog sitting services in the UK
with over 70 franchisees and Metro Rod, a leading provider of drain
clearance and maintenance services with 40 franchisees.
Founded in September 2008 by Stephen Hemsley (Executive
Chairman) and Nigel Wray (Non-Executive Director), the Group's
principal shareholders, Franchise Brands has a highly experienced
management team and Board with extensive expertise in franchising
(gained through their notable involvement with Domino's Pizza),
operating and growing profitable businesses and investigating
acquisition targets.
Franchise Brands has developed a highly professional central
services platform including marketing, franchise recruitment and
support services such as IT, which enables it to support the
acquisition of some new franchise brands without significantly
increasing its central overhead.
The Board has a clear strategy to build the Group by the
selective, earnings enhancing acquisition of high quality franchise
businesses that can benefit from its central services, whilst
addressing the same B2B and B2C market as its existing brands.
Franchise Brands was admitted to AIM in August 2016 (ticker
code: FRAN.L).
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 Stephen Glen Hemsley
--- --------------------------- --------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Executive Chairman
--- --------------------------- --------------------------
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 n/a
--- --------------------------- --------------------------
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
the financial instrument, each
type of instrument
Identification ISIN code: GB00BD6P7Y24
code
--- --------------------------- --------------------------
b) Nature of the transaction
--- --------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.67 7,462,686
---------- ----------
--- --------------------------- --------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- --------------------------
e) Date of the transaction 11 April 2017
--- --------------------------- --------------------------
f) Place of the transaction Outside a trading venue
--- --------------------------- --------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Timothy John Harris
--- --------------------------- --------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Chief Executive 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 n/a
--- --------------------------- --------------------------
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
the financial instrument, each
type of instrument
Identification ISIN code: GB00BD6P7Y24
code
--- --------------------------- --------------------------
b) Nature of the transaction
--- --------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.67 59,522
---------- ----------
--- --------------------------- --------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- --------------------------
e) Date of the transaction 11 April 2017
--- --------------------------- --------------------------
f) Place of the transaction Outside a trading venue
--- --------------------------- --------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Julia Rosalind Choudhury
--- --------------------------- -------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Corporate Development Director
--- --------------------------- -------------------------------
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 n/a
--- --------------------------- -------------------------------
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
the financial instrument, each
type of instrument
Identification ISIN code: GB00BD6P7Y24
code
--- --------------------------- -------------------------------
b) Nature of the transaction
--- --------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.67 194,029
---------- ----------
--- --------------------------- -------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- -------------------------------
e) Date of the transaction 11 April 2017
--- --------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- --------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Robin Nigel Auld
--- --------------------------- --------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Marketing Director
--- --------------------------- --------------------------
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 n/a
--- --------------------------- --------------------------
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
the financial instrument, each
type of instrument
Identification ISIN code: GB00BD6P7Y24
code
--- --------------------------- --------------------------
b) Nature of the transaction
--- --------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.67 37,313
---------- ----------
--- --------------------------- --------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- --------------------------
e) Date of the transaction 11 April 2017
--- --------------------------- --------------------------
f) Place of the transaction Outside a trading venue
--- --------------------------- --------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Nigel William Wray
--- -------------------------- --------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Non-Executive Director
--- -------------------------- --------------------------
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 n/a
--- -------------------------- --------------------------
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
financial instrument, each
type of instrument
Identification code ISIN code: GB00BD6P7Y24
--- -------------------------- --------------------------
b) Nature of the transaction
--- -------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.67 7,462,686
---------- ----------
--- -------------------------- --------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- -------------------------- --------------------------
e) Date of the transaction 11 April 2017
--- -------------------------- --------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- --------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Robin Christian Bellhouse
--- -------------------------- --------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Non-Executive Director
--- -------------------------- --------------------------
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 n/a
--- -------------------------- --------------------------
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
financial instrument, each
type of instrument
Identification code ISIN code: GB00BD6P7Y24
--- -------------------------- --------------------------
b) Nature of the transaction
--- -------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.67 37,313
---------- ----------
--- -------------------------- --------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- -------------------------- --------------------------
e) Date of the transaction 11 April 2017
--- -------------------------- --------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- --------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name David John Poutney
--- --------------------------- --------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Non-Executive Director
--- --------------------------- --------------------------
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 n/a
--- --------------------------- --------------------------
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
the financial instrument, each
type of instrument
Identification ISIN code: GB00BD6P7Y24
code
--- --------------------------- --------------------------
b) Nature of the transaction
--- --------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.67 1,417,910
---------- ----------
--- --------------------------- --------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- --------------------------
e) Date of the transaction 11 April 2017
--- --------------------------- --------------------------
f) Place of the transaction Outside a trading venue
--- --------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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