Transaction in Own Shares

RNS Number : 2070R

Franchise Brands PLC

27 February 2019

 

27 February 2019

FRANCHISE BRANDS PLC

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

TRANSACTION IN OWN SHARES

The Board of Franchise Brands announces that, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 25 April 2018, on 26 February 2019 the Company purchased 2,400 of its own ordinary shares of 0.5p each ("Ordinary Shares") at a price of 70p per share. These shares will be held as treasury shares.

Following this transaction, the total number of Ordinary Shares held as treasury shares by the Company is 208,950 Ordinary Shares. The total number of Ordinary Shares in issue is 77,732,033 (including shares held as treasury shares). Therefore, the total number of voting rights in the Company is 77,523,083 which 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. 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Dowgate Capital Stockbrokers at their discretion on behalf of the Company as part of the buyback programme.

Enquiries:

Franchise Brands plc	[phone]
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
Dowgate Capital Stockbrokers (Joint Broker)	[phone]
James Serjeant / Colin Climie
MHP Communications (Financial PR)	[phone]
Katie Hunt

Schedule of Purchases

Shares purchased:	Franchise Brands plc (ISIN: GB00BD6P7Y24)
Date of purchases:	26 February 2019
Investment firm:	Dowgate Capital Stockbrokers

Aggregate information:

Venue	Volume-weighted average price, pence	Aggregated volume
London Stock Exchange	70p	2,400

Individual transaction:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
2,400	70p	16:04	London Stock Exchange

 

END

 

 

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