Result of AGM

RNS Number : 4092J

Franchise Brands PLC

26 April 2022

 

26 April 2022

FRANCHISE BRANDS PLC

("Franchise Brands", the "Company" or the "Group")

Result of Annual General Meeting

Franchise Brands plc (AIM: FRAN), an international 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:  

Resolution	Description	Votes For	% of Votes Cast	Votes Against	% of Votes Cast	Total votes cast (excluding votes withheld	Votes Withheld
ORDINARY RESOLUTIONS
RES:001	To receive the 2021 report and financial statements	98,663,561	100%	-	0%	98,663,561	-
RES:002	Declaration of final dividend	98,663,561	100%	-	0%	98,663,561	-
RES:003	Re-election of Robin Christian Bellhouse	90,972,236	92%	7,690,236	8%	98,662,472	1,089
RES:004	Re-election of Julia Rosalind Choudhury	98,654,634	100%	7,838	0%	98,662,472	1,089
RES:005	Re-election of Timothy John Harris	98,656,472	100%	6,000	0%	98,662,472	1,089
RES:006	Re-election of Stephen Glen Hemsley	97,822,312	99%	840,160	1%	98,662,472	1,089
RES:007	Re-election of Peter John Molloy	98,656,472	100%	6,000	0%	98,662,472	1,089
RES:008	Re-election of David John Poutney	97,460,474	99%	841,998	1%	98,302,472	361,089
RES:009	Re-election of Colin David Rees	98,656,472	100%	6,000	0%	98,662,472	1,089
RES:010	Re-election of Nigel William Wray	98,656,472	100%	6,000	0%	98,662,472	1,089
RES:011	Re-election of Brian Joseph Hogan	98,656,472	100%	6,000	0%	98,662,472	1,089
RES:012	Re-election of Jason Charles Sayers	98,656,472	100%	6,000	0%	98,662,472	1,089
RES:013	To reappoint BDO LLP as auditors of the Company	98,657,561	100%	6,000	0%	98,663,561	-
RES:014	Authority to determine remuneration of the auditors	98,657,561	100%	6,000	0%	98,663,561	-
RES:015	Authority to allot shares	90,973,325	92%	7,690,236	8%	98,663,561	-
SPECIAL RESOLUTIONS
RES:016	Disapplication of pre-emption rights	89,899,705	91%	8,763,856	9%	98,663,561	-
RES:017	Disapplication of pre-emption rights (for an acquisition or other specified capital investment)	89,901,303	91%	8,762,258	9%	98,663,561	-
RES:018	Authority to purchase own shares	98,652,561	100%	11,000	0%	98,663,561	-

The Board notes the votes against resolutions 3 and 15-17, 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 2023 AGM.

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 / Colin Climie / Nicholas Chambers
MHP Communications (Financial PR)	[phone]
Katie Hunt / Catherine Chapman	[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 600 franchisees across six principal franchise brands in the UK, North America and Europe. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.

Our B2B brands are Metro Rod, Metro Plumb, Filta and Willow Pumps, and our B2C brands are ChipsAway, Ovenclean and Barking Mad. Each of our brands are leaders in their respective markets. The combined trading history of all the Group's brands is over 190 years. Franchise Brands employs over 430 people from 5 principal offices in the UK as well as Orlando, Florida and the Netherlands.

For further information, visit  www.franchisebrands.co.uk .

 

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