Result of AGM

Source: RNS
RNS Number : 9824W
Franchise Brands PLC
18 July 2024
 

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  Resolution 4, the re-appointment of Mark Fryer as a director of the Company, was withdrawn by the board and not proposed at the meeting.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

 

 

 

 

 

 

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

 

 

 

 

 

 

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


 

 

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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