Director dealings: Franchise Brands co-founder raises stake

(Sharecast News) - Franchise Brands revealed on Thursday that non-executive director Nigel Wray had acquired 50,000 ordinary shares in the multi-brand franchisor.

Wray, who co-founded Franchise Brands in 2008, purchased the shares on Wednesday at an average price of 120p each, for a total value of £60,000.

Following the transaction, Wray holds a beneficial interest in 16.07m ordinary Franchise Brands shares, representing approximately 8.29% of the company's issued share capital.

As of 1505 BST, Franchise Brands shares were up 0.85% at 119p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Franchise Brands (FRAN)

Director name: Wray,Nigel

Amount purchased: 50,000 @ 120.00p

Value: £60,000.00

Keller Group (KLR)

Director name: Kelleher,Annette

Amount purchased: 1,921 @ 1,554.00p

Value: £29,852.34

Cohort (CHRT)

Director name: Walther,Simon

Amount purchased: 189 @ 950.00p

Value: £1,795.50

Cohort (CHRT)

Director name: Thomis,Andrew Stephen

Amount purchased: 189 @ 950.00p

Value: £1,795.50

Top Director Sells

Franchise Brands