![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
2.50 | 1.48% | 171.50 | 168.00 | 175.00 | 171.50 | 169.00 | 169.00 | 52,445 | 09:29:34 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 99.15M | 8.29M | 0.0448 | 38.28 | 312.65M |
TIDMFRAN
RNS Number : 9789I
Franchise Brands PLC
07 April 2020
Franchise Brands plc
("Franchise Brands", or the "Company", or "Group")
Board and senior management scrip dividend election
Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, announces that all Directors and a number of members of senior management have elected to receive the scrip dividend instead of cash in respect of the proposed 2019 final dividend, details of which were announced on 30 March 2020. The Directors' shareholdings in the Company will therefore increase upon issue of the scrip dividend shares which is due to occur by 8 June 2020. Their shareholdings will be as follows:
Director Current t Current Number of Total interest otal interest percentage pro rata scrip in ordinary in ordinary of total dividend shares shares upon shares (prior voting rights to be issued issue of the to payment held (prior scrip dividend of the scrip to payment shares dividend) of the scrip dividend) Stephen Hemsley 20,515,117 25.75 132,552 20,647,669 --------------- --------------- ----------------- ---------------- Chris Dent 15,000 0.02 96 15,096 --------------- --------------- ----------------- ---------------- Peter Molloy 33,644 0.04 217 33,861 --------------- --------------- ----------------- ---------------- Tim Harris 1,362,314 1.71 8,802 1,371,116 --------------- --------------- ----------------- ---------------- Julia Choudhury 1,517,288 1.90 9,803 1,527,091 --------------- --------------- ----------------- ---------------- Colin Rees 323,507 0.41 2,090 325,597 --------------- --------------- ----------------- ---------------- Nigel Wray 21,720,120 27.26 140,337 21,860,457 --------------- --------------- ----------------- ---------------- David Poutney 3,438,881 4.32 22,219 3,461,100 --------------- --------------- ----------------- ---------------- Rob Bellhouse 82,768 0.10 534 83,302 --------------- --------------- ----------------- ---------------- Total 49,008,639 61.50 316,650 49,325,28 9 --------------- --------------- ----------------- ----------------
The percentage of voting rights which will be held by the Directors on completion of the scrip dividend share issue will be announced after 26 May 2020, which is the final date for shareholders to elect for the scrip dividend and therefore the resulting number of new ordinary shares to be issued will be known.
In addition to the Directors, the Company has been notified of a number of senior managers within the Group who have also elected to take the scrip dividend, taking the total percentage of the share capital electing for the scrip dividend, that the Company is aware of, to 63.6%.
The above table also confirms the shareholding of Peter Molloy, which since November 2018 had been incorrectly understated by 62 shares.
Further details and the information required in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 are set out at the end of this announcement.
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 +44 (0) 203 328 and Joint Broker) 5656 Jeremy Porter / Liz Kirchner / Nicholas Chambers +44 (0) 203 903 Dowgate Capital Limited (Joint Broker) 7715 James Serjeant / Colin Climie +44 (0) 203 128 MHP Communications (Financial PR) 8100 Katie Hunt 07884 494112 franchisebrands@mhpc.com
About Franchise Brands plc
Franchise Brands is focused on building market-leading businesses in selected customer segments using primarily a franchise model. The Group currently has a combined network of over 450 franchisees across five franchise brands. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.
Franchise Brands' portfolio of market-leading service businesses grew in 2019 with the acquisition of Willow Pumps. The addition of Willow Pumps, a direct labour organisation, represented an important step in expanding Metro Rod and Metro Plumb's range of services to the commercial market.
The Group is organised into a B2B division comprised of Metro Rod, Metro Plumb and Willow Pumps, and a B2C division incorporates ChipsAway, Ovenclean and Barking Mad. This divisional organisation of our brands 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 125 years.
Franchise Brands plc employs some 250 people across three principal locations in Macclesfield, Kidderminster and Aylesford.
For further information, visit www.franchisebrands.co.uk.
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 PDMRs: Stephen Hemsley Executive Chairman Chris Dent Chief Financial Officer -------------------------- Peter Molloy Managing Director, Metro Rod -------------------------- Tim Harris Managing Director, B2C Division -------------------------- Julia Choudhury Corporate Development Director -------------------------- Colin Rees Chief Information Officer -------------------------- Nigel Wray Non-Executive Director -------------------------- David Poutney Non-Executive Director -------------------------- Rob Bellhouse Non-Executive Director -------------------------- -------------------------- ---------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status See 1a) above -------------------------- ---------------------------------------------- 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 the Ordinary shares of 0.5p each financial instrument, in Franchise Brands plc type of instrument Identification code Identification code (ISIN) for Franchise Brands plc ordinary shares: GB00BD6P7Y24 -------------------------- ---------------------------------------------- b) Nature of the transaction Election of scrip dividend alternative -------------------------- ---------------------------------------------- c) Price(s) and volume(s) Price: 100.6p Volumes: Stephen Hemsley 132,552 Chris Dent 96
-------- Peter Molloy 217 -------- Tim Harris 8,802 -------- Julia Choudhury 9,803 -------- Colin Rees 2,090 -------- Nigel Wray 140,337 -------- David Poutney 22,219 -------- Rob Bellhouse 534 -------- 316,650 -------- -------------------------- ---------------------------------------------- d) Aggregated information n/a - Aggregated volume - Price -------------------------- ---------------------------------------------- e) Date of the transaction 6 April 2020 -------------------------- ---------------------------------------------- f) Place of the transaction Outside of a trading venue -------------------------- ----------------------------------------------
The information set out in this announcement is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHEANLKEALEEFA
(END) Dow Jones Newswires
April 07, 2020 02:00 ET (06:00 GMT)
1 Year Franchise Brands Chart |
1 Month Franchise Brands Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions