TIDMFRAN
RNS Number : 1633L
Franchise Brands PLC
28 April 2020
28 April 2020
FRANCHISE BRANDS PLC
("Franchise Brands", the "Company" or the "Group")
Result of Annual General Meeting
Franchise Brands plc (AIM: FRAN), a multi-brand franchise
business, is pleased to announce that at the Company's Annual
General Meeting held earlier today, all resolutions were duly
passed on a poll.
Accordingly, the 4,078,389 Second Placing Shares, as defined in
the announcement at 12:44 on 21 April 2020, will be issued and are
expected to be admitted to trading on AIM on 30 April 2020
("Admission") to complete the Placing.
Further, the scrip dividend as announced on 30 March 2020 will
proceed and shareholders have until noon on 26 May 2020 to elect
for the scrip dividend instead of the cash dividend.
The Group is not providing an AGM Trading Update, as this was
provided in the Proposed Placing announcement at 16:38 on 20 April
2020.
The proxy votes received from shareholders on each resolution
are set out below:
No. % No. % Total No. of
of votes of votes votes votes
for against cast withheld
(excluding
votes
withheld)
ORDINARY RESOLUTIONS
1. To receive the 2019
report and financial
statements 60,935,019 100.0% - 0.0% 60,935,019 -
2. Declaration of Final
Dividend 60,935,019 100.0% - 0.0% 60,935,019 -
------------------ ------- ------------------ ----- ------------ ----------------
3. Offer of scrip dividend 60,929,424 100.0% - 0.0% 60,929,424 5,595
------------------ ------- ------------------ ----- ------------ ----------------
4. Re-election Robin
Christian
Bellhouse 60,931,019 100.0% 4,000 0.0% 60,935,019 -
------------------ ------- ------------------ ----- ------------ ----------------
5. Re-election of Julia
Rosalind Choudhary 60,929,736 100.0% 4,000 0.0% 60,933,736 1,283
------------------ ------- ------------------ ----- ------------ ----------------
6. Re-election of John
Christopher Stewart Dent 60,931,019 100.0% 4,000 0.0% 60,935,019
------------------ ------- ------------------ ----- ------------ ----------------
7. Re-election of Timothy
John Harris 60,931,019 100.0% 4,000 0.0% 60,935,019 -
------------------ ------- ------------------ ----- ------------ ----------------
8. Re-election of Stephen
Glen Hemsley 60,927,081 100.0% 4,000 0.0% 60,931,081 3,938
------------------ ------- ------------------ ----- ------------ ----------------
9. Re-election of Peter
John Molloy 60,931,019 100.0% 4,000 0.0% 60,935,019 -
------------------ ------- ------------------ ----- ------------ ----------------
10. Re-election of David
John Poutney 60,528,974 99.9% 46,045 0.1% 60,575,019 360,000
------------------ ------- ------------------ ----- ------------ ----------------
11. Re-election of Colin
David Rees 60,929,736 100.0% 4,000 0.0% 60,933,736 1,283
------------------ ------- ------------------ ----- ------------ ----------------
12. Re-election of Nigel
William Wray 60,927,081 100.0% 7,938 0.0% 60,935,019 -
------------------ ------- ------------------ ----- ------------ ----------------
13. To reappoint BDO LLP
as auditors of the Company 60,931,019 100.0% 4,000 0.0% 60,935,019 -
------------------ ------- ------------------ ----- ------------ ----------------
14. Authority to determine
remuneration of auditor 60,927,081 100.0% 7,938 0.0% 60,935,019 -
------------------ ------- ------------------ ----- ------------ ----------------
15. Authority to allot
shares 60,931,019 100.0% 4,000 0.0% 60,935,019 -
------------------ ------- ------------------ ----- ------------ ----------------
SPECIAL RESOLUTIONS
------------------------------ ------------------ ------- ------------------ ----- ------------ ----------------
16. Disapplication of
pre-emption
rights 57,716,874 94.7% 3,210,785 5.3% 60,935,019 7,360
------------------ ------- ------------------ ----- ------------ ----------------
17. Disapplication of
pre-emption
rights (for an acquisition
or other specified capital
investment) 57,769,115 94.8% 3,160,309 5.2% 60,929,424 5,595
------------------ ------- ------------------ ----- ------------ ----------------
18. Authority to purchase
own shares 60,933,736 100.0% 1,283 0.0% 60,935,019 -
------------------ ------- ------------------ ----- ------------ ----------------
Enquiries:
Franchise Brands plc + 44 (0) 1625-813231
Stephen Hemsley, Executive Chairman
Chris Dent, Chief Financial Officer
Julia Choudhury, Corporate Development Director
Allenby Capital Limited (Nominated Adviser +44 (0) 203 328
and Joint Broker) 5656
Jeremy Porter / Liz Kirchner / Nicholas Chambers
+44 (0) 203 903
Dowgate Capital Limited (Joint Broker) 7715
James Serjeant / Colin Climie
+44 (0) 203 128
MHP Communications (Financial PR) 8100
Katie Hunt 07884-494112
franchisebrands@mhpc.com
About Franchise Brands plc
Franchise Brands is focused on building market-leading
businesses in selected customer segments using primarily a
franchise model. The Group currently has a combined network of over
450 franchisees across five franchise brands. Our focus is on
established brands which can benefit from our shared support
services, specialist sector expertise, management experience and
group resources.
Franchise Brands' portfolio of market-leading service businesses
grew in 2019 with the acquisition of Willow Pumps. The addition of
Willow Pumps, a direct labour organisation, represented an
important step in expanding Metro Rod and Metro Plumb's range of
services to the commercial market.
The Group is organised into a B2B division comprised of Metro
Rod, Metro Plumb and Willow Pumps, and a B2C division incorporates
ChipsAway, Ovenclean and Barking Mad. This divisional organisation
of our brands is designed to provide a greater focus and structure
to support the strategic development of our B2B and B2C brands.
Each of our brands are leaders in their respective markets and
each brand has a long trading history. The combined trading history
of all the Group's brands is over 125 years.
Franchise Brands plc employs some 290 people across three
principal locations in Macclesfield, Kidderminster and
Aylesford.
For further information, visit www.franchisebrands.co.uk.
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END
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April 28, 2020 06:19 ET (10:19 GMT)
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