Franchise Brands PLC Result of AGM (0462W)

TIDMFRAN

RNS Number : 0462W

Franchise Brands PLC

20 April 2021

20 April 2021

FRANCHISE BRANDS PLC

("Franchise Brands", the "Company" or the "Group")

Result of Annual General Meeting

Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, is pleased to announce that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed on a poll.

The proxy votes received from shareholders on each resolution are set out below:

 
                                    No. of      %                 No. of     %              Total               No. of 
                                     votes                         votes                    votes                votes 
                                       for                       against          cast (excluding             withheld 
                                                                                            votes 
                                                                                        withheld) 
 ORDINARY RESOLUTIONS 
 1. To receive the 
  2020 report and financial 
  statements                    75,536,882   100%                    100    0%         75,536,982                    - 
 2. Declaration of 
  Final Dividend                75,536,982   100%                      -    0%         75,536,982                    - 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 3. Re-election Robin 
  Christian Bellhouse           75,531,893   100%                  4,000    0%         75,535,893                1,089 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 4. Re-election of 
  Julia Rosalind Choudhary      75,531,893   100%                  4,000    0%         75,535,893                1,089 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 5. Re-election of 
  John Christopher 
  Stewart Dent                  75,531,893   100%                  4,000    0%         75,535,893                1,089 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 6. Re-election of 
  Timothy John Harris           75,531,893   100%                  4,000    0%         75,535,893                1,089 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 7. Re-election of 
  Stephen Glen Hemsley          75,531,893   100%                  4,000    0%         75,535,893                1,089 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 8. Re-election of 
  Peter John Molloy             75,531,893   100%                  4,000    0%         75,535,893                1,089 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 9. Re-election of 
  David John Poutney            71,351,348    99%              1,037,249    1%         72,388,597            3,148,385 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 10. Re-election of 
  Colin David Rees              75,531,893   100%                  4,000    0%         75,535,893                1,089 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 11. Re-election of 
  Nigel William Wray            75,527,955   100%                  7,938    0%         75,535,893                1,089 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 12. To reappoint 
  BDO LLP as auditors 
  of the Company                75,532,982   100%                  4,000    0%         75,536,982                    - 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 13. Authority to 
  determine remuneration 
  of auditor                    75,532,982   100%                  4,000    0%         75,536,982                    - 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 14. Authority to 
  allot shares                  75,527,387   100%                  4,000    0%         75,531,387                5,595 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 SPECIAL RESOLUTIONS 
---------------------------  -------------  -----  ---------------------  ----  -----------------  ------------------- 
 15. Disapplication 
  of pre-emption rights         59,738,700    83%             12,005,391   17%         71,744,091            2,792,891 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 16. Disapplication 
  of pre-emption rights 
  (for an acquisition 
  or other specified 
  capital investment)           63,559,245    84%             11,972,142   16%         75,531,387                5,595 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 17. Authority to 
  purchase own shares           75,536,982   100%                      -    0%         75,536,982                    - 
                             -------------  -----  ---------------------  ----  -----------------  ------------------- 
 

The Board notes the votes against special resolutions 15 and 16, and, following the AGM, will engage with the Group's shareholders to understand the reasons for these votes, ahead of preparing for the Group's 2022 AGM.

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 
  and Joint Broker)                                 [phone] 
 Jeremy Porter / Liz Kirchner (Corporate 
  Finance) 
  Amrit Nahal (Sales and Corporate Broking) 
 
 Dowgate Capital Limited (Joint Broker)             [phone] 
 James Serjeant / Colin Climie / Nicholas 
  Chambers 
 
 MHP Communications (Financial PR)                  [phone] 
 Katie Hunt                                         [phone] 
                                                    [e-mail] 
 

About Franchise Brands plc

Franchise Brands is focused on building market-leading businesses in selected customer segments, primarily via a franchise model. The Group currently has a combined network of over 425 franchisees across five principal franchise brands. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.

The Group is organised into a B2B division comprised of Metro Rod, Metro Plumb and Willow Pumps, and a B2C division that incorporates ChipsAway, Ovenclean and Barking Mad. This divisional organisation 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 135 years.

Franchise Brands plc employs 265 people across three principal locations in Macclesfield, Kidderminster and Aylesford.

For further information, visit www.franchisebrands.co.uk .

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April 20, 2021 06:34 ET (10:34 GMT)