Director/PDMR Shareholding

RNS Number : 7332E

Franchise Brands PLC

10 November 2020

 

Franchise Brands plc

("Franchise Brands" or the "Company")

Director/PDMR Notification

Franchise Brands (AIM: FRAN), a multi-brand franchise business, announces that David Poutney, Non-Executive Director, has purchased a total of 51,650 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), at an average price of 95.97 pence per Ordinary Share. Following these purchases, David Poutney now has a total interest in 3,696,495 Ordinary Shares, equivalent to 3.86% of the Company's total voting rights.

Further details and the information required in accordance with the requirements of EU Market Abuse Regulation No 596/2014 are set out at the end of this announcement.

Enquiries:

Franchise Brands plc	+ 44 (0) 1625 813231
Stephen Hemsley, Executive Chairman
Chris Dent, Chief Financial Officer
Julia Choudhury, Corporate Development Director
Allenby Capital Limited (Nominated Adviser and Joint Broker)	[phone]
Jeremy Porter / Liz Kirchner (Corporate Finance)  Amrit Nahal (Sales)
Dowgate Capital Limited (Joint Broker)	[phone]
James Serjeant / Colin Climie
MHP Communications (Financial PR)	[phone]
Katie Hunt	[phone]
	[e-mail]

About Franchise Brands plc

Franchise Brands is focused on building market-leading businesses in selected customer segments using primarily a franchise model. The Group currently has a combined network of over 400 franchisees across five 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 of our brands 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 some 250 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	David Poutney
2	Reason for the notification
a)	Position/status	Non-Executive Director
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
c)	Price(s) and volume(s)	date Volume Price (p) 6/11/20 21,818 93.5 6/11/20 8,182 96.9 6/11/20 1,650 93.5 9/11/20 20,000 98.5
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 51,650 shares Average price: 95.97 pence per share
e)	Date of the transaction	See box 4c above
f)	Place of the transaction	London Stock Exchange - AIM

 

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