FRANCHISE BRANDS PLC
("Franchise Brands", the "Company" or the "Group")
Director/PDMR Notification
Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, announces that Stephen Hemsley, Executive Chairman, has purchased 23,200 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), at a price of 147 pence per Ordinary Share. Following this purchase, Stephen Hemsley now has a total interest in 22,179,844 Ordinary Shares, equivalent to 23.16% of the Company's total voting rights.
The notification below, which has been made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
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 .
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 | Stephen Hemsley |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Chairman |
| 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 | Purchase of ordinary shares
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| c) | Price(s) and volume(s) | Price: 147p Volume: 23,200 shares
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| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 15 June 2021 |
| f) | Place of the transaction | London Stock Exchange - AIM |
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