7th May 2025 15:00
7 May 2025
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.
The votes validly received from shareholders and cast (or withheld) at the meeting on each resolution are set out below:
Resolution | Purpose of the resolution | 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 2024 annual report and financial statements | 133,007,455 | 100.00% | - | 0.00% | 133,007,455 | - |
2. | Declaration of final dividend | 133,007,455 | 100.00% | - | 0.00% | 133,007,455 | - |
3. | Remuneration Committee Report (advisory vote) | 130,137,026 | 97.84% | 2,870,429 | 2.16% | 133,007,455 | - |
4. | Re-election of Andy Brattesani | 133,007,455 | 100.00% | - | 0.00% | 133,007,455 | - |
5. | Re-election of Louise George | 133,007,455 | 100.00% | - | 0.00% | 133,007,455 | - |
6. | Re-election of Stephen Hemsley | 133,007,455 | 100.00% | - | 0.00% | 133,007,455 | - |
7. | Re-election of Pete Kear | 132,238,166 | 99.42% | 769,289 | 0.58% | 133,007,455 | - |
8. | Re-election of Andrew Mallows | 130,954,759 | 98.46% | 2,052,696 | 1.54% | 133,007,455 | - |
9. | Re-election of Peter Molloy | 130,954,759 | 98.46% | 2,052,696 | 1.54% | 133,007,455 | - |
10. | Re-election of Nigel Wray | 133,007,455 | 100.00% | - | 0.00% | 133,007,455 | - |
11. | To reappoint PKF Littlejohn LLP as auditors of the Company | 133,007,455 | 100.00% | - | 0.00% | 133,007,455 | - |
12. | Authority to determine remuneration of the auditors | 133,006,685 | 100.00% | - | 0.00% | 133,006,685 | 770 |
13. | Authority to allot shares | 125,782,164 | 94.57% | 7,219,696 | 5.43% | 133,001,860 | 5,595 |
SPECIAL RESOLUTIONS |
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14. | Disapplication of pre-emption rights | 130,083,386 | 98.12% | 2,494,299 | 1.88% | 132,577,685 | 429,770 |
15. | Additional disapplication of pre-emption rights (for an acquisition or other specified capital investment) | 124,162,072 | 93.65% | 8,416,383 | 6.35% | 132,578,455 | 429,000 |
16. | Authority to purchase own shares | 132,993,637 | 99.99% | 13,818 | 0.01% | 133,007,455 | - |
Enquiries:
Franchise Brands plc | + 44 (0) 1625 813231 |
Stephen Hemsley, Executive Chairman Peter Molloy, CEO | |
Andrew Mallows, CFO | |
Julia Choudhury, Corporate Development Director | |
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) | +44 (0) 20 7710 7600 |
Matthew Blawat | |
Nick Harland | |
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Allenby Capital Limited (Joint Broker) | +44 (0) 20 3328 5656 |
Jeremy Porter / Daniel Dearden-Williams (Corporate Finance) | |
Amrit Nahal / Joscelin Pinnington (Sales & Corporate Broking) | |
Dowgate Capital Limited (Joint Broker) | +44 (0) 20 3903 7715 |
James Serjeant (Corporate Broking) | |
Malar Velaigam / Colin Climie (Sales) | |
MHP Group (Financial PR) | +44 (0) 20 3128 8100 |
Katie Hunt / Hugo Harris | +44 (0) 7884 494112 |
About Franchise Brands plc
Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with seven 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 600 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: "as they grow, we grow".
Franchise Brands employs almost 650 people across the Group and there are over 3,000 people in the franchise community.
For further information, visit www.franchisebrands.co.uk
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