Transaction in Own Shares

RNS Number : 3294H

Franchise Brands PLC

31 July 2019

 

31 July 2019

Franchise Brands plc

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

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 23 April 2019, on 30 July 2019 the Company purchased 50,000 of its own ordinary shares of 0.5p each ("Ordinary Shares") at a price of 85p 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 413,700 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 77,318,333 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 on behalf of the Company as part of the buyback programme.

Enquiries:

Franchise Brands plc	+ 44 (0) 1562 826705
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 Limited (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:	30 July 2019
Investment firm:	Dowgate Capital Stockbrokers

Aggregate information:

Venue	Volume-weighted average price, pence	Aggregated volume
London Stock Exchange	85p	50,000

Individual transaction:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
25,000	85p	13.55	London Stock Exchange
2,500	85p	14.22	London Stock Exchange
10,000	85p	14.23	London Stock Exchange
12,500	85p	15.19	London Stock Exchange

 

END

 

 

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