Director/PDMR Shareholding

RNS Number : 6525Z

Franchise Brands PLC

22 September 2020

 

22 September 2020

Franchise Brands plc

("Franchise Brands" or the "Company")

Director/PDMR Notification

Franchise Brands (AIM: FRAN), a multi-brand franchise business, announces that Julia Choudhury, Corporate Development Director, has purchased 15,306 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), at a price of 98 pence per Ordinary Share. Following this purchase, Julia Choudhury now has a total interest in 1,544,671 Ordinary Shares, equivalent to 1.6% of the Company's total voting rights.

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 430 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.

Franchise Brands' portfolio of market-leading service businesses grew in 2019 with the acquisition of Willow Pumps. The addition of Willow Pumps, a direct labour organisation, represented an important step in expanding Metro Rod and Metro Plumb's range of services to the commercial market.

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 125 years.

Franchise Brands plc employs some 260 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	Julia Choudhury
2	Reason for the notification
a)	Position/status	Corporate Development 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)	Price: 98p Volume: 15,306
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	21 September 2020
f)	Place of the transaction	London Stock Exchange - AIM

 

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