Franchise Brands Regulatory News (FRAN)

3 October 2022

FRANCHISE BRANDS PLC

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

Appointment to the Board of Interim Chief Financial Officer and grant of options

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, is pleased to announce that Andrew Mallows has been appointed a director of the Company as Interim Chief Financial Officer.

Andrew originally joined Franchise Brands in 2016 as Finance Director, and since 2017 has been the Group's Commercial Director. He has significant experience in franchising and business development and was Finance Director of Domino's Pizza UK from 2001 to 2004 before being appointed Business Development Director. On 26 July 2022 Andrew was appointed Interim Chief Financial Officer of Franchise Brands.

The Company also announces that its Remuneration Committee has approved the grant to Andrew Mallows of 120,000 unapproved options over ordinary shares in the Company. These options have an exercise price of 151.5p per share (being the closing mid-market price of an ordinary share on 30 September 2022) and are exercisable from 30 September 2025 to 29 September 2032 subject to certain performance criteria being met as follows:

1) as to 20 per cent. after reported fully diluted adjusted earnings per share ("EPS") achieves compound annual growth of 8 per cent. over each of the next three financial years;

2) as to 100 per cent. after reported fully diluted adjusted EPS achieves compound annual growth of 15 per cent. over each of the next three financial years; and

3) between 20 per cent. to 100 per cent. on a sliding scale basis on EPS growth between the targets in 1) and 2) above.

Further details are provided at the end of this announcement in accordance with the requirements of the UK Market Abuse Regulation.

Stephen Hemsley, Executive Chairman, commented: "I am delighted Andrew is joining the Board as Interim Chief Financial Officer. He has been a key part of the Franchise Brands team for a number of years, driving the commercial, operational and strategic focus of the Group. His extensive knowledge of the business and strong relationships with the team will be invaluable at this time".

Andrew Mallows, Interim Chief Financial Officer, commented: "I am pleased to be joining the Franchise Brands Board. I look forward to working with the team to continue to capitalise on the opportunities the recent transformational acquisition of Filta presents and drive growth across our business in the UK, North America and Europe".

The following information is disclosed in respect of Andrew Mallows pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

Andrew John Mallows is aged 52 and is currently a director of the following Group companies:

Azura Business Solutions Limited

Azura Design Studio Limited

Azura Group Ltd

Barking Mad Limited

Chipsaway International Ltd

Dentsaway Limited

Edwin Investments Limited

Environmental Biotech Limited

FB Holdings Limited

Filta Group Holdings Limited

Filta Refrigeration Limited

Filtafry Limited

Grease Management Limited

Kemac Services Limited

M & M Asset Maintenance Limited

Metro Plumb Ltd

Metro Rod Limited

MRB Drainage Limited

MRE Drainage Limited

Oven Clean (Ontario) Limited

Oven Clean Domestic Limited

The Filta Group Limited

The Handyman Van Limited

Watbio Holdings Limited

Watbio Limited

Watling Hope (Installations) Limited

Willow Drainage Limited

Willow Pumps Limited

WPL Group Holdings Limited

Andrew Mallows owns 115,957 ordinary shares in the Company (representing 0.089% of the Company's issued ordinary shares) and holds options over 500,682 new ordinary shares of Franchise Brands (including those granted on 30 September 2022).

Enquiries:

About Franchise Brands plc

Franchise Brands is focused on building market-leading businesses primarily via a franchise model. The Group currently has a combined network of 600 franchisees across six principal franchise brands in the UK, North America and Europe. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.

Our B2B brands are Metro Rod, Metro Plumb, Filta, Willow Pumps and Azura, and our principle B2C brands are ChipsAway, Ovenclean and Barking Mad. Each of our brands are leaders in their respective markets. The combined trading history of all the Group's brands is over 190 years. Franchise Brands employs over 430 people from 5 principal offices in the UK as well as Orlando, Florida and the Netherlands.

For further information, visit www.franchisebrands.co.uk

 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.