Franchise Brands PLC Director/PDMR Shareholding (5055Z)

TIDMFRAN

RNS Number : 5055Z

Franchise Brands PLC

21 September 2020

21 September 2020

Franchise Brands plc

("Franchise Brands" or the "Company")

Director/PDMR Notification

Franchise Brands (AIM: FRAN), a multi-brand franchise business, announces the following purchases of ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") by Directors, all at a price of 102.5 pence per Ordinary Share.

 
 Director      Ordinary Shares   Total interest        % of total voting 
                purchased         in Ordinary Shares    rights 
 Chris Dent    29,268            55,474                0.1 
              ----------------  --------------------  ------------------ 
 Colin Rees    14,634            368,009               0.4 
              ----------------  --------------------  ------------------ 
 Tim Harris    14,634            1,385,365             1.4 
              ----------------  --------------------  ------------------ 
 

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) 
 
 Dowgate Capital Limited (Joint Broker)              [phone] 
 James Serjeant / Colin Climie 
 
 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 using primarily a franchise model. The Group currently has a combined network of over 430 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 that 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 260 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                           Chris Dent 
                                      Colin Rees 
                                      Tim Harris 
     -----------------------------  --------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                Executive Directors 
     -----------------------------  --------------------------------------- 
 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 financial   ordinary shares of 0.5p each in 
       instrument, type of            Franchise Brands plc 
       instrument                     Identification code (ISIN) for 
       Identification code            Franchise Brands plc ordinary shares: 
                                      GB00BD6P7Y24 
     -----------------------------  --------------------------------------- 
 b)   Nature of the transaction      Purchase of ordinary shares 
     -----------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)         Price: 102.5p 
                                      Volumes: Chris Dent    29,268 
                                       Colin Rees    14,634 
                                                    ------- 
                                       Tim Harris    14,634 
                                                    ------- 
     -----------------------------  --------------------------------------- 
 d)   Aggregated information         n/a 
       - Aggregated volume 
       - Price 
     -----------------------------  --------------------------------------- 
 e)   Date of the transaction        18 September 2020 
     -----------------------------  --------------------------------------- 
 f)   Place of the transaction       London Stock Exchange - AIM 
     -----------------------------  --------------------------------------- 
 

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September 21, 2020 02:00 ET (06:00 GMT)