Franchise Brands PLC PDMR Shareholding and change to voting rights (3225K)

TIDMFRAN

RNS Number : 3225K

Franchise Brands PLC

28 August 2019

28 August 2019

Franchise Brands plc

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

Exercise of options, grant of options, director shareholdings

and change to total voting rights

Franchise Brands plc (AIM: FRAN), an international multi-brand franchisor, announces that its Remuneration Committee has approved the grant of a total of 125,000 EMI share options to senior management and employees of the Group ("Option Grants"). These options were granted under the Company's long-term incentive plan share option scheme (the "Scheme") and are exercisable at the closing mid-market price of ordinary shares on 23 August 2019, being 84p per share, subject to certain performance criteria pursuant to the Scheme. The options expire on 23 August 2029 if not exercised.

In addition, existing EMI options have been exercised over a total of 909,090 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), of which 606,060 was by certain directors (together, the "Option Exercises") as follows:

 
 Director            No. of ordinary   Option exercise      Total no.     Percentage 
                     shares acquired             price    of ordinary    of ordinary 
                                                           shares now     shares now 
                                                                 held           held 
 Julia Choudhury             303,030               33p      1,507,288           1.93 
                   -----------------  ----------------  -------------  ------------- 
 Tim Harris                  303,030               33p      1,362,314           1.74 
                   -----------------  ----------------  -------------  ------------- 
 

Following the Options Grants and the Option Exercises, the Company has a total of 3,523,561 options over ordinary shares outstanding under the Scheme.

Issue of equity

The Option Exercises will be fulfilled in part by the 513,700 Ordinary Shares held in treasury and in part by the issue of 395,390 new Ordinary Shares. Application has been made for the admission to trading on AIM ("Admission") of the 395,390 new Ordinary Shares issued pursuant to the Option Exercises and it is expected that Admission will occur on or around 2 September 2019.

In accordance with AIM Rule 17, the Company announces that the total beneficial interest of Mr Nigel Wray, Non-Executive Director of the Company, remains unchanged at 21,720,120 Ordinary Shares, but upon Admission will represent 27.80 per cent. of the Company's then issued share capital.

Total voting rights

Following Admission, the Company's issued share capital will consist of 78,127,423 Ordinary Shares, each with one voting right. Pursuant to the Option Exercises, 513,700 Ordinary Shares will come out of treasury today and therefore the Company will no longer hold any Ordinary Shares in treasury. The aforementioned figure of 78,127,423 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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 / Nicholas 
  Chambers 
 
                                                 +44 (0) 203 
   Dowgate Capital Limited (Joint Broker)         903 7715 
 James Serjeant / Colin Climie 
 
                                                 +44 (0) 203 
 MHP Communications (Financial PR)                128 8100 
 Katie Hunt 
 

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                           Tim Harris 
     -----------------------------  --------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                Managing Director of ChipsAway 
                                      and Ovenclean 
     -----------------------------  --------------------------------------- 
 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            Identification code (ISIN) for 
                                      Franchise Brands plc ordinary shares: 
                                      GB00BD6P7Y24 
     -----------------------------  --------------------------------------- 
 b)   Nature of the transaction      Exercise of options 
     -----------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)        Volume(s) 
                                        33p exercise 
                                         price          303,030 
                                                       ---------- 
     -----------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume             n/a 
       - Price 
     -----------------------------  --------------------------------------- 
 e)   Date of the transaction        27 August 2019 
     -----------------------------  --------------------------------------- 
 f)   Place of the transaction       London, Outside a trading venue 
     -----------------------------  --------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                           Julia Choudhury 
     -----------------------------  --------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                Corporate Development Director 
     -----------------------------  --------------------------------------- 
 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            Identification code (ISIN) for 
                                      Franchise Brands plc ordinary shares: 
                                      GB00BD6P7Y24 
     -----------------------------  --------------------------------------- 
 b)   Nature of the transaction      Exercise of options 
     -----------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)        Volume(s) 
                                        33p exercise 
                                         price          303,030 
                                                       ---------- 
     -----------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume             n/a 
       - Price 
     -----------------------------  --------------------------------------- 
 e)   Date of the transaction        27 August 2019 
     -----------------------------  --------------------------------------- 
 f)   Place of the transaction       London, Outside a trading venue 
     -----------------------------  --------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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August 28, 2019 02:00 ET (06:00 GMT)