Result of scrip dividend and change to TVR

RNS Number : 7402O

Franchise Brands PLC

03 June 2020

 

FRANCHISE BRANDS PLC

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

Result of scrip dividend and change to total voting rights

Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, announces the issue of 388,199 new ordinary shares of 0.5 pence each in the Company ("New Ordinary Shares")  as a result of the election by shareholders to take the scrip dividend alternative for the 2019 Final Dividend, details of which were announced on 30 March 2020. This represents an uptake by shareholders of approximately 63 per cent. of the Company's issued ordinary shares and reduces the Final Dividend cash payment to £228,695.

Application will be made for the admission to trading on AIM ("Admission") of the 388,199 New Ordinary Shares and it is expected that Admission will occur on or around 8 June 2020.

Total voting rights

Upon Admission, the Company's issued share capital will consist of 95,654,512 ordinary shares of 0.5p each ("Ordinary Shares"), each with one voting right. There are 25,000 Ordinary Shares held in treasury and therefore the total number of voting rights in the Company will be 95,629,512. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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 / Nicholas Chambers
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 450 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 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 290 people across three principal locations in Macclesfield, Kidderminster and Aylesford.

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

 

END

 

 

IOEKKBBPABKDPAK