8 July 2024
FRANCHISE
BRANDS PLC
("Franchise Brands", the "Group" or the "Company")
Grant of
Options
Franchise Brands plc (AIM: FRAN), an
international multi-brand franchise business, announces that the
Company's Remuneration Committee has approved the grant of
351,288 share options over
Ordinary Shares in the Company to Andrew Mallows, the Interim Chief
Financial Officer. These options have an
exercise price of 158p per share (being the closing mid-market
price of an ordinary share on 5 July 2024) and are exercisable
after three years for a period of seven years. The number of share
options that vest and can be exercised is subject to certain
performance criteria being met as follows:
1) as to 20 per cent. after reported
fully diluted adjusted earnings per share ("EPS") achieves compound
annual growth of 8 per cent. over each of the next three financial
years;
2) as to 100 per cent. after
reported fully diluted adjusted EPS achieves compound annual growth
of 15 per cent. over each of the next three financial years;
and
3) between 20 per cent. to 100 per
cent. on a sliding scale basis dependent on EPS growth between the
targets in 1) and 2) above.
The table below, which has been
provided in accordance with the requirements of the UK Market Abuse
Regulation, provides further details.
Enquiries:
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Franchise Brands plc
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+
44 (0) 1625 813231
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Stephen Hemsley, Executive
Chairman
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|
|
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Andrew Mallows, Interim Chief
Financial Officer
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|
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Julia Choudhury, Corporate
Development Director
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Allenby Capital Limited (Nominated Adviser and Joint
Broker)
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+44
(0) 20 3328 5656
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Jeremy Porter / Liz Kirchner
(Corporate Finance)
Amrit Nahal / Joscelin Pinnington
(Sales & Corporate Broking)
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Dowgate Capital Limited (Joint Broker)
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+44
(0) 20 3903 7715
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James Serjeant / Nicholas
Chambers
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Stifel Nicolaus Europe Limited (Joint
Broker)
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+44
(0) 20 7710 7600
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Matthew Blawat
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MHP
Group (Financial PR)
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+44
(0) 20 3128 8100
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Katie Hunt / Catherine
Chapman
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+44
(0) 7884 494112
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franchisebrands@mhpgroup.com
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About Franchise Brands plc
Franchise Brands is an
international, multi-brand franchisor focused on B2B van-based
service with 7 franchise brands and a presence in 10 countries
across the UK, North America and Europe. The Group is focused on
building market-leading businesses primarily via a franchise model
and has a combined network of over 625 franchisees.
The Company owns several
market-leading brands with long trading histories, including Pirtek
in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit
from the Group's central support services, particularly technology,
marketing, and finance. At the heart of Franchise Brands'
business-building strategy is helping its franchisees grow their
businesses: "if they grow, we grow".
Franchise Brands employs c700 people
across the Group.
For further information,
visit www.franchisebrands.co.uk
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
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a)
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Name
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Andrew Mallows
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2
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Reason for the notification
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a)
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Position/status
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Interim Chief Financial
Officer
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b)
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Initial notification
/Amendment
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Initial notification
|
|
3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
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a)
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Name
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Franchise Brands PLC
|
|
b)
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LEI
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213800CFRX6CJ8LCKN37
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|
4
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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)
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Description of the financial
instrument, type of instrument
Identification code
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Ordinary shares of 0.5p each in
Franchise Brands PLC
Identification code (ISIN) for
Franchise Brands PLC ordinary shares: GB00BD6P7Y24
|
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b)
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Nature of the transaction
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Grant of options over Ordinary
Shares of 0.5p each
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c)
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Price(s) and volume(s)
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Exercise price: 158p per
share
Volume:
351,288
|
|
d)
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Aggregated information
- Aggregated volume
- Price
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n/a
|
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e)
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Date of the transaction
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6 July 2024
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f)
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Place of the transaction
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Outside of a trading
venue
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