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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Franchise Brands Plc | LSE:FRAN | London | Ordinary Share | GB00BD6P7Y24 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 182.00 | 180.00 | 184.00 | 184.00 | 182.00 | 182.00 | 37 | 08:00:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 99.15M | 8.29M | 0.0636 | 28.62 | 237.17M |
From Apr 2019 to Apr 2024
TIDMFRAN
RNS Number : 0623C
Franchise Brands PLC
10 April 2017
10 April 2017
FRANCHISE BRANDS PLC
("Franchise Brands", the "Company" or the "Group")
Result of General Meeting re acquisition of Metro Rod Limited ("Metro Rod") and GBP20 million placing
Franchise Brands plc, a multi-brand international franchisor, is pleased to announce that further to its announcement of 23 March 2017, at the General Meeting held earlier today all resolutions were duly passed. Accordingly, the acquisition of Metro Rod and the placing to raise gross proceeds of GBP20,000,000 are now only conditional on admission of the enlarged share capital to trading on AIM ("Admission"), which is expected to take place tomorrow, 11 April 2017, and satisfaction of the outstanding conditions set out in the Acquisition Agreement, the Facilities Agreement with HSBC and the Placing Agreement, which are expected to be satisfied on or before Admission.
The same definitions apply throughout this announcement as set out in the announcement of 23 March 2017, unless the context requires otherwise.
- Ends -
For further information, please contact:
Franchise Brands plc +44 (0)80 0012 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)12 9351 7744
(Joint Broker)
James Serjeant / Neil Badger
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMOKKDDKBKDNQD
(END) Dow Jones Newswires
April 10, 2017 06:14 ET (10:14 GMT)
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