Franchise Brands PLC PDMR Shareholding and change to voting rights (3225K)
August 28 2019 - 1:00AM
UK Regulatory
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
----------------------------- ---------------------------------------
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END
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