1 June 2023
Franchise Brands plc
("Franchise Brands", the "Group" or the "Company")
Director/PDMR shareholding notification
Franchise Brands (AIM: FRAN), an international multi-brand franchise business, has been advised that Jason Sayers, Managing Director, Filta International, has gifted 150,000 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") and therefore now has a total direct and indirect beneficial interest in 13,288,183 Ordinary Shares, equivalent to 6.86% of the Company's current issued share capital. The table below, which has been provided in accordance with the requirements of the UK Market Abuse Regulation, provides further details of the transaction.
Enquiries:
| Franchise Brands plc | + 44 (0) 1625 507 910 |
| Stephen Hemsley, Executive Chairman |
|
| Andrew Mallows, Interim Chief Financial Officer |
|
| Julia Choudhury, Corporate Development Director |
|
|
|
|
| Allenby Capital Limited (Nominated Adviser and Joint Broker) | +44 (0) 20 3328 5656 |
| Jeremy Porter / George Payne (Corporate Finance) Amrit Nahal (Sales & Corporate Broking) |
|
|
|
|
| Dowgate Capital Limited (Joint Broker) | +44 (0) 20 3903 7715 |
| James Serjeant / Russell Cook / Nicholas Chambers
|
|
| Stifel Nicolaus Europe Limited (Joint Broker) | +44 (0) 20 7710 7699 |
| Matthew Blawat / Francis North
|
|
| MHP Group (Financial PR) | +44 (0) 20 3128 8100 |
| Katie Hunt/Catherine Chapman | +44 (0) 7884 494112 |
|
| franchisebrands@mhpgroup.com |
About Franchise Brands plc
Franchise Brands is an international, multi-brand franchisor focused on building market-leading businesses primarily via a franchise model. The Group has a combined network of 650 franchisees across seven franchise brands in ten countries covering the UK, North America and Europe.
Franchise Brands' focus is on B2B van-based reactive and planned services. The Company owns several market-leading brands with a long trading history, including Metro Rod, Metro Plumb, Filta and Pirtek in Europe, all of which benefit from the Group's central support services, in particular technology, marketing, management experience and other group resources. At the centre of Franchise Brands' business building strategy is helping its franchisees grow their businesses: "if they grow, we grow".
Franchise Brands employs some 690 people across the Group.
For further information, visit www.franchisebrands.co.uk
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Jason Sayers |
| 2 | Reason for the notification | |
| a) | Position/status | Managing Director, Filta International |
| b)
| Initial notification /Amendment | Initial notification |
| 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 instrument, type of instrument Identification code | ordinary shares of 0.5p each in Franchise Brands plc Identification code (ISIN) for Franchise Brands plc ordinary shares: GB00BD6P7Y24 |
| b) | Nature of the transaction | Sale of Ordinary Shares
|
| c) | Price(s) and volume(s) | Price: 0p Volume: 150,000
|
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 31 May 2023 |
| f) | Place of the transaction | Outside a trading venue |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
