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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 | |
---|---|---|---|---|---|---|---|---|---|---|
6.50 | 3.50% | 192.00 | 190.00 | 194.00 | 192.50 | 185.50 | 185.50 | 358,813 | 15:57:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 99.15M | 8.29M | 0.0636 | 30.19 | 250.2M |
TIDMFRAN
RNS Number : 1174X
Franchise Brands PLC
08 August 2018
8 August 2018
FRANCHISE BRANDS PLC
("Franchise Brands", "the Group" or "the Company")
SHARE REPURCHASE PROGRAMME
Franchise Brands announces that from today until 31 December 2018 it will commence a discretionary programme to purchase ordinary shares of 0.5 pence each ("Ordinary Shares") in the Company, up to a value of GBP200,000 (the "Programme").
As announced on 13 December 2017, the Group is cash generative and it therefore intends to commence the share repurchase programme to offset the dilutive impact of share awards, focusing on overall shareholder return. The total number of Ordinary Shares currently outstanding under option arrangements is 3,467,747 representing 4.46 per cent. of the Company's issued share capital.
Any purchases will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The Company confirms that it currently has no unpublished Inside Information.
The Programme will be conducted by the Company in accordance with and under the terms of the general authority granted by the Company's shareholders at the Company's Annual General Meeting on 25 April 2018 to purchase up to 7,773,203 shares. This authority will expire at the end of the next Annual General Meeting of the Company in 2019 or, if earlier, at the close of business on 25 July 2019 ("2018 Authority"). The Programme will also be conducted in accordance with the provisions of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes.
Enquiries:
+44 (0) 1562 Franchise Brands plc 826705 Stephen Hemsley, Executive Chairman Chris Dent, Chief Financial Officer Julia Choudhury, Corporate Development Director Allenby Capital Limited (Nominated Adviser +44 (0) 203 and Joint Broker) 328 5656 Jeremy Porter/ Liz Kirchner Dowgate Capital Stockbrokers (Joint +44 (0) 203 Broker) 903 7715 James Serjeant / Colin Climie +44 (0) 203 MHP Communications (Financial PR) 128 8100 Katie Hunt
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
MSCBLGDIDXGBGIR
(END) Dow Jones Newswires
August 08, 2018 02:00 ET (06:00 GMT)
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