Result of AGM

RNS Number : 0462W

Franchise Brands PLC

20 April 2021

 

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:

	No. of votes for	%	No. of votes against	%	Total votes cast (excluding votes withheld)	No. of votes withheld
ORDINARY RESOLUTIONS
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
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
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 and Corporate Broking)
Dowgate Capital Limited (Joint Broker)	[phone]
James Serjeant / Colin Climie / Nicholas Chambers
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, 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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