20 April 2021
FRANCHISE BRANDS PLC
("Franchise Brands", the "Company" or the "Group")
Result of Annual General Meeting
Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, is pleased to announce that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed on a poll.
The proxy votes received from shareholders on each resolution are set out below:
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| No. of votes for | % | No. of votes against | % | Total votes cast (excluding votes withheld) | No. of votes withheld |
| ORDINARY RESOLUTIONS |
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| 1. To receive the 2020 report and financial statements | 75,536,882 | 100% | 100 | 0% | 75,536,982 | - |
| 2. Declaration of Final Dividend | 75,536,982 | 100% | - | 0% | 75,536,982 | - |
| 3. Re-election Robin Christian Bellhouse | 75,531,893 | 100% | 4,000 | 0% | 75,535,893 | 1,089 |
| 4. Re-election of Julia Rosalind Choudhary | 75,531,893 | 100% | 4,000 | 0% | 75,535,893 | 1,089 |
| 5. Re-election of John Christopher Stewart Dent | 75,531,893 | 100% | 4,000 | 0% | 75,535,893 | 1,089 |
| 6. Re-election of Timothy John Harris | 75,531,893 | 100% | 4,000 | 0% | 75,535,893 | 1,089 |
| 7. Re-election of Stephen Glen Hemsley | 75,531,893 | 100% | 4,000 | 0% | 75,535,893 | 1,089 |
| 8. Re-election of Peter John Molloy | 75,531,893 | 100% | 4,000 | 0% | 75,535,893 | 1,089 |
| 9. Re-election of David John Poutney | 71,351,348 | 99% | 1,037,249 | 1% | 72,388,597 | 3,148,385 |
| 10. Re-election of Colin David Rees | 75,531,893 | 100% | 4,000 | 0% | 75,535,893 | 1,089 |
| 11. Re-election of Nigel William Wray | 75,527,955 | 100% | 7,938 | 0% | 75,535,893 | 1,089 |
| 12. To reappoint BDO LLP as auditors of the Company | 75,532,982 | 100% | 4,000 | 0% | 75,536,982 | - |
| 13. Authority to determine remuneration of auditor | 75,532,982 | 100% | 4,000 | 0% | 75,536,982 | - |
| 14. Authority to allot shares | 75,527,387 | 100% | 4,000 | 0% | 75,531,387 | 5,595 |
| SPECIAL RESOLUTIONS |
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| 15. Disapplication of pre-emption rights | 59,738,700 | 83% | 12,005,391 | 17% | 71,744,091 | 2,792,891 |
| 16. Disapplication of pre-emption rights (for an acquisition or other specified capital investment) | 63,559,245 | 84% | 11,972,142 | 16% | 75,531,387 | 5,595 |
| 17. Authority to purchase own shares | 75,536,982 | 100% | - | 0% | 75,536,982 | - |
The Board notes the votes against special resolutions 15 and 16, and, following the AGM, will engage with the Group's shareholders to understand the reasons for these votes, ahead of preparing for the Group's 2022 AGM.
Enquiries:
| Franchise Brands plc | + 44 (0) 1625 813231 |
| Stephen Hemsley, Executive Chairman |
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| Chris Dent, Chief Financial Officer |
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| Julia Choudhury, Corporate Development Director |
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| Allenby Capital Limited (Nominated Adviser and Joint Broker) | +44 (0) 20 3328 5656 |
| Jeremy Porter / Liz Kirchner (Corporate Finance) Amrit Nahal (Sales and Corporate Broking) |
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| Dowgate Capital Limited (Joint Broker) | +44 (0) 20 3903 7715 |
| James Serjeant / Colin Climie / Nicholas Chambers |
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| MHP Communications (Financial PR) | +44 (0) 20 3128 8100 |
| Katie Hunt | +44 (0) 7884 494112 |
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| franchisebrands@mhpc.com |
About Franchise Brands plc
Franchise Brands is focused on building market-leading businesses in selected customer segments, primarily via a franchise model. The Group currently has a combined network of over 425 franchisees across five principal franchise brands. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.
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 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 135 years.
Franchise Brands plc employs 265 people across three principal locations in Macclesfield, Kidderminster and Aylesford.
For further information, visit www.franchisebrands.co.uk.
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