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TRANSACTION IN OWN SHARES

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RNS Number : 4831K
Franchise Brands PLC
29 August 2019
 

29 August 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 28 August 2019 the Company purchased 25,000 of its own ordinary shares of 0.5p each ("Ordinary Shares") at a price of 83p 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 25,000 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 77,707,033 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. 

*This figure excludes the 395,390 new Ordinary Shares which have been issued subject to admission to trading on AIM, expected to occur on or around 2 September 2019, as announced on 28 August 2019.

 

 

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 Limited 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)

+44 (0) 203 328 5656

Jeremy Porter/ Liz Kirchner / Nicholas Chambers

 




 

Dowgate Capital Limited (Joint Broker)

+44 (0) 203 903 7715

James Serjeant / Colin Climie

 




MHP Communications (Financial PR)

+44 (0) 203 128 8100

Katie Hunt


 

 

Schedule of Purchases

 

Shares purchased: 

Franchise Brands plc (ISIN: GB00BD6P7Y24)

Date of purchases:

28 August 2019

Investment firm: 

Dowgate Capital Limited

 

Aggregate information:

 

Venue

Volume-weighted
average price, pence

Aggregated volume

London Stock Exchange

83p

25,000

  

Individual transaction:

 

Number of shares purchased

Transaction price
(pence per share)

Time of transaction

Trading venue

25,000

83p

16.08

London Stock Exchange

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Franchise Brands PLC

Price: 107

Market: AIM
Market Cap: £84.87 m
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