Result of AGM

Franchise Brands PLC

18 July 2024

 

18 July 2024

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 proposed were duly passed on a poll.  Resolution 4, the re-appointment of Mark Fryer as a director of the Company, was withdrawn by the board and not proposed at the meeting.

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
1.	To receive the 2023 report and financial statements	148,139,547	100.00%	-	0.00%	148,139,547	-
2.	Declaration of final dividend	148,121,547	99.99%	18,000	0.01%	148,139,547	-
3.	Re-election of Andy Brattesani	145,917,325	98.50%	2,222,222	1.50%	148,139,547	-
5.	Re-election of Stephen Hemsley	145,869,828	98.47%	2,269,719	1.53%	148,139,547	-
6.	Re-election of Peter Kear	148,139,547	100.00%	-	0.00%	148,139,547	-
7.	Re-election of Nigel Wray	145,869,828	98.47%	2,269,719	1.53%	148,139,547	-
8.	To reappoint BDO LLP as auditors of the Company	148,139,547	100.00%	-	0.00%	148,139,547	-
9.	Authority to determine remuneration of the auditors	148,139,547	100.00%	-	0.00%	148,139,547	-
10.	Authority to allot shares	127,317,036	85.94%	20,822,511	14.06%	148,139,547	-
SPECIAL RESOLUTIONS
11.	Disapplication of pre-emption rights	126,610,314	85.47%	21,515,508	14.53%	148,125,822	13,725
12.	Additional disapplication of pre-emption rights (for an acquisition or other specified capital investment)	126,625,913	85.49%	21,499,909	14.51%	148,125,822	13,725
13.	Authority to purchase own shares	148,091,508	99.98%	34,314	0.02%	148,125,822	13,725

Enquiries:

Franchise Brands plc	+ 44 (0) 1625 813231
Stephen Hemsley, Executive Chairman
Andrew Mallows, Interim 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 / Joscelin Pinnington (Sales & Corporate Broking)
Dowgate Capital Limited (Joint Broker)	[phone]
James Serjeant / Nicholas Chambers
Stifel Nicolaus Europe Limited (Joint Broker)	[phone]
Matthew Blawat
MHP Group (Financial PR)	[phone]
Katie Hunt / Catherine Chapman	[phone]
	[e-mail]

About Franchise Brands plc

Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with 7 franchise brands and a presence in 10 countries across the UK, North America and Europe. The Group is focused on building market-leading businesses primarily via a franchise model and has a combined network of over 625 franchisees.

The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group's central support services, particularly technology, marketing, and finance. At the heart of Franchise Brands' business-building strategy is helping its franchisees grow their businesses: "if they grow, we grow".

Franchise Brands employs c700 people across the Group.

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

 

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