Notification of transactions of PDMRs and PCAs

RNS Number : 2141G

Franchise Brands PLC

28 March 2022

 

28 March 2022

Franchise Brands PLC

("Franchise Brands" or the "Company")

Notification of transactions of Persons Discharging Managerial Responsibilities (PDMRs) and Persons Closely Associated with PDMRs

Franchise Brands (AIM: FRAN), a multi-brand international franchise business, has been notified of the following transactions by PDMRs and PCAs in accordance with the requirements of the UK Market Abuse Regulation.

The Meredian Settlement Trust, a person closely associated with Jason Sayers (Managing Director - Filta), has transferred a certificated holding of 9,171,029ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") into a CREST account.  Following the transfer, the beneficial shareholding of Jason Sayers remains unchanged.

Stephen Hemsley, Executive Chairman of the Company, has transferred 1,500,000 of his Ordinary Shares to his account with EFG Private Bank Limited ("EFG") and entered into a share pledge to EFG for these shares. Following the pledge, his total beneficial ownership of Ordinary Shares remains unchanged. This pledge replaces a previous pledge, details of which were announced on 16 September 2020.

The notifications below, which have been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

Enquiries:

Franchise Brands plc	+ 44 (0) 1625 813231
Stephen Hemsley, Executive Chairman
Brian Hogan, 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 and Corporate Broking)
Dowgate Capital Limited (Joint Broker)	[phone]
James Serjeant / Russell Cook / Nicholas Chambers
MHP Communications (Financial PR)	[phone]
Katie Hunt	[phone]
	[e-mail]

 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	Transfer of Ordinary Shares to EFG Private Bank Limited ("EFG") nominee account and share pledge to EFG (Stephen Hemsley remains the beneficial owner of the shares and retains full voting rights)
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 1,500,000
d)	Aggregated information - Aggregated volume - Price	A s above
e)	Date of the transaction	24 March 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	The Meredian Settlement Trust
2	Reason for the notification
a)	Position/status	a person closely associated with Jason Sayers (Managing Director of Filta)
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	Transfer of certificated shares into CREST nominee account (nil consideration)
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 9,171,029
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	24 March 2022
f)	Place of the transaction	Outside a trading venue

 

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