18:00 Tue 11 Apr 2017
Franchise Brands PLC - Completion of acquisition of Metro Rod Limited
("
Completion of acquisition of
"I am delighted to announce the completion of the acquisition of Metro Rod, which represents a transformational step in respect of implementing the Group's stated buy and build strategy. We welcome Metro Rod to the
Directors' shareholdings
All of the Directors of the Company participated in the placing to raise gross proceeds of
|
|
|
Director |
Number of Ordinary Shares held |
Percentage of Ordinary Shares in issue |
|
20,463,117 |
26.33 |
|
21,543,120 |
27.71 |
|
2,033,970 |
2.62 |
|
1,204,258 |
1.55 |
|
1,059,284 |
1.36 |
|
946,195 |
1.22 |
|
82,768 |
0.11 |
Total |
47,332,712 |
60.89 |
Total Voting Rights
The issued share capital of the Company consists of 77,732,033 Ordinary Shares, with one voting right per share. The Company does not hold any shares in treasury.
The above figure may be used by shareholders in the Company 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 share capital of the Company under the
The same definitions apply throughout this announcement as set out in the announcement of
For further information, please contact:
Stephen Hemsley, Executive Chairman
Julia Choudhury, Corporate Development Director
MHP Communications +44 (0) 20 3128 8100
(Financial PR) franchisebrands@mhpc.com
Katie Hunt / Hannah Winter
Allenby Capital Limited +44 (0) 20 3328 5656
(Nominated Adviser and Joint Broker)
Jeremy Porter/ James Thomas / Liz Kirchner
Dowgate Capital Stockbrokers +44 (0)1293 517744
(Joint Broker)
James Serjeant / Neil Badger
Further information on Franchise Brands:
Franchise Brands is a group of international multi-brand franchisors with a combined network currently of over 450 franchisees in 12 countries, but predominantly in the UK. The Group's main brands are ChipsAway, a mobile car paintwork repair specialist with over 220 franchisees in the UK; Ovenclean, a mobile domestic oven cleaning business with over 100 franchisees; Barking Mad, a leading franchise provider of dog sitting services in the UK with over 70 franchisees and Metro Rod, a leading provider of drain clearance and maintenance services with 40 franchisees.
Founded in
Franchise Brands has developed a highly professional central services platform including marketing, franchise recruitment and support services such as IT, which enables it to support the acquisition of some new franchise brands without significantly increasing its central overhead.
The Board has a clear strategy to build the Group by the selective, earnings enhancing acquisition of high quality franchise businesses that can benefit from its central services, whilst addressing the same B2B and B2C market as its existing brands.
Franchise Brands was admitted to AIM in
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Stephen Glen Hemsley |
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2 |
Reason for the notification |
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a) |
Position/status |
Executive Chairman |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
n/a |
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4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.5p each
ISIN code: GB00BD6P7Y24 |
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b) |
Nature of the transaction |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Timothy John Harris |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
n/a |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.5p each
ISIN code: GB00BD6P7Y24 |
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b) |
Nature of the transaction |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Julia Rosalind Choudhury |
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2 |
Reason for the notification |
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a) |
Position/status |
Corporate Development Director |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
n/a |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.5p each
ISIN code: GB00BD6P7Y24 |
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b) |
Nature of the transaction |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Robin Nigel Auld |
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2 |
Reason for the notification |
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a) |
Position/status |
Marketing Director |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
n/a |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.5p each
ISIN code: GB00BD6P7Y24 |
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b) |
Nature of the transaction |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Nigel William Wray |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
n/a |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.5p each
ISIN code: GB00BD6P7Y24 |
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b) |
Nature of the transaction |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Robin Christian Bellhouse |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
n/a |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.5p each
ISIN code: GB00BD6P7Y24 |
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b) |
Nature of the transaction |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
David John Poutney |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
n/a |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
a)
|
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.5p each
ISIN code: GB00BD6P7Y24 |
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b) |
Nature of the transaction |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside a trading venue |
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