Last checked at 28 Mar 2022 09:30
28 March 2022
Franchise Brands PLC
("Franchise Brands" or the "Company")
Notification of transactions of Persons Discharging Managerial Responsibilities (PDMRs) and Persons Closely Associated with PDMRs
Franchise Brands (AIM: FRAN), a multi-brand international franchise business, has been notified of the following transactions by PDMRs and PCAs in accordance with the requirements of the UK Market Abuse Regulation.
The Meredian Settlement Trust, a person closely associated with Jason Sayers (Managing Director - Filta), has transferred a certificated holding of 9,171,029 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") into a CREST account. Following the transfer, the beneficial shareholding of Jason Sayers remains unchanged.
Stephen Hemsley, Executive Chairman of the Company, has transferred 1,500,000 of his Ordinary Shares to his account with EFG Private Bank Limited ("EFG") and entered into a share pledge to EFG for these shares. Following the pledge, his total beneficial ownership of Ordinary Shares remains unchanged. This pledge replaces a previous pledge, details of which were announced on 16 September 2020.
The notifications below, which have been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Enquiries:
Franchise Brands plc | + 44 (0) 1625 813231 |
Stephen Hemsley, Executive Chairman |
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Brian Hogan, Chief Financial Officer |
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Julia Choudhury, Corporate Development Director |
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Allenby Capital Limited (Nominated Adviser and Joint Broker) | +44 (0) 20 3328 5656 |
Jeremy Porter / Liz Kirchner (Corporate Finance) Amrit Nahal (Sales and Corporate Broking) |
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Dowgate Capital Limited (Joint Broker) | +44 (0) 20 3903 7715 |
James Serjeant / Russell Cook / Nicholas Chambers |
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MHP Communications (Financial PR) | +44 (0) 20 3128 8100 |
Katie Hunt | +44 (0) 7884 494112 |
| franchisebrands@mhpc.com |
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 | |||||
a) | Name | Stephen Hemsley | ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Chairman | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Franchise Brands plc | ||||
b) | LEI | 213800CFRX6CJ8LCKN37 | ||||
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 | |||||
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.5p each in Franchise Brands plc
Identification code (ISIN) for Franchise Brands plc ordinary shares: GB00BD6P7Y24 | ||||
b) | Nature of the transaction | Transfer of Ordinary Shares to EFG Private Bank Limited ("EFG") nominee account and share pledge to EFG (Stephen Hemsley remains the beneficial owner of the shares and retains full voting rights) | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | As above
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e) | Date of the transaction | 24 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | The Meredian Settlement Trust | ||||
2 | Reason for the notification | |||||
a) | Position/status | a person closely associated with Jason Sayers (Managing Director of Filta) | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Franchise Brands plc | ||||
b) | LEI | 213800CFRX6CJ8LCKN37 | ||||
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 | |||||
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.5p each in Franchise Brands plc
Identification code (ISIN) for Franchise Brands plc ordinary shares: GB00BD6P7Y24 | ||||
b) | Nature of the transaction | Transfer of certificated shares into CREST nominee account (nil consideration) | ||||
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 | 24 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||