18 July 2024
Franchise Brands plc
("Franchise Brands", the "Company" or the "Group")
Result of Annual General Meeting
Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, is pleased to announce that at the Company's Annual General Meeting held earlier today, all resolutions proposed were duly passed on a poll. Resolution 4, the re-appointment of Mark Fryer as a director of the Company, was withdrawn by the board and not proposed at the meeting.
The proxy votes received from shareholders on each resolution are set out below:
| Resolution | Description | Votes For | % of Votes Cast | Votes Against | % of Votes Cast | Total votes cast (excluding votes withheld | Votes Withheld |
| ORDINARY RESOLUTIONS |
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| |
| 1. | To receive the 2023 report and financial statements | 148,139,547 | 100.00% | - | 0.00% | 148,139,547 | - |
| 2. | Declaration of final dividend | 148,121,547 | 99.99% | 18,000 | 0.01% | 148,139,547 | - |
| 3. | Re-election of Andy Brattesani | 145,917,325 | 98.50% | 2,222,222 | 1.50% | 148,139,547 | - |
| 5. | Re-election of Stephen Hemsley | 145,869,828 | 98.47% | 2,269,719 | 1.53% | 148,139,547 | - |
| 6. | Re-election of Peter Kear | 148,139,547 | 100.00% | - | 0.00% | 148,139,547 | - |
| 7. | Re-election of Nigel Wray | 145,869,828 | 98.47% | 2,269,719 | 1.53% | 148,139,547 | - |
| 8. | To reappoint BDO LLP as auditors of the Company | 148,139,547 | 100.00% | - | 0.00% | 148,139,547 | - |
| 9. | Authority to determine remuneration of the auditors | 148,139,547 | 100.00% | - | 0.00% | 148,139,547 | - |
| 10. | Authority to allot shares | 127,317,036 | 85.94% | 20,822,511 | 14.06% | 148,139,547 | - |
| SPECIAL RESOLUTIONS |
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| 11. | Disapplication of pre-emption rights | 126,610,314 | 85.47% | 21,515,508 | 14.53% | 148,125,822 | 13,725 |
| 12. | Additional disapplication of pre-emption rights (for an acquisition or other specified capital investment) | 126,625,913 | 85.49% | 21,499,909 | 14.51% | 148,125,822 | 13,725 |
| 13. | Authority to purchase own shares | 148,091,508 | 99.98% | 34,314 | 0.02% | 148,125,822 | 13,725 |
Enquiries:
| Franchise Brands plc | + 44 (0) 1625 813231 |
| Stephen Hemsley, Executive Chairman | |
| Andrew Mallows, Interim Chief Financial Officer | |
| 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 / Joscelin Pinnington (Sales & Corporate Broking) | |
| | |
| Dowgate Capital Limited (Joint Broker) | +44 (0) 20 3903 7715 |
| James Serjeant / Nicholas Chambers | |
| | |
| Stifel Nicolaus Europe Limited (Joint Broker) | +44 (0)20 7710 7600 |
| Matthew Blawat | |
| | |
| MHP Group (Financial PR) | +44 (0) 20 3128 8100 |
| Katie Hunt / Catherine Chapman | +44 (0) 7884 494112 |
| | franchisebrands@mhpgroup.com |
About Franchise Brands plc
Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with 7 franchise brands and a presence in 10 countries across the UK, North America and Europe. The Group is focused on building market-leading businesses primarily via a franchise model and has a combined network of over 625 franchisees.
The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group's central support services, particularly technology, marketing, and finance. At the heart of Franchise Brands' business-building strategy is helping its franchisees grow their businesses: "if they grow, we grow".
Franchise Brands employs c700 people across the Group.
For further information, visit www.franchisebrands.co.uk
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