26th Apr 2022 14:20
26 April 2022
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 were duly passed on a poll.
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 | |||||||
RES:001 | To receive the 2021 report and financial statements | 98,663,561 | 100% | - | 0% | 98,663,561 | - |
RES:002 | Declaration of final dividend | 98,663,561 | 100% | - | 0% | 98,663,561 | - |
RES:003 | Re-election of Robin Christian Bellhouse | 90,972,236 | 92% | 7,690,236 | 8% | 98,662,472 | 1,089 |
RES:004 | Re-election of Julia Rosalind Choudhury | 98,654,634 | 100% | 7,838 | 0% | 98,662,472 | 1,089 |
RES:005 | Re-election of Timothy John Harris | 98,656,472 | 100% | 6,000 | 0% | 98,662,472 | 1,089 |
RES:006 | Re-election of Stephen Glen Hemsley | 97,822,312 | 99% | 840,160 | 1% | 98,662,472 | 1,089 |
RES:007 | Re-election of Peter John Molloy | 98,656,472 | 100% | 6,000 | 0% | 98,662,472 | 1,089 |
RES:008 | Re-election of David John Poutney | 97,460,474 | 99% | 841,998 | 1% | 98,302,472 | 361,089 |
RES:009 | Re-election of Colin David Rees | 98,656,472 | 100% | 6,000 | 0% | 98,662,472 | 1,089 |
RES:010 | Re-election of Nigel William Wray | 98,656,472 | 100% | 6,000 | 0% | 98,662,472 | 1,089 |
RES:011 | Re-election of Brian Joseph Hogan | 98,656,472 | 100% | 6,000 | 0% | 98,662,472 | 1,089 |
RES:012 | Re-election of Jason Charles Sayers | 98,656,472 | 100% | 6,000 | 0% | 98,662,472 | 1,089 |
RES:013 | To reappoint BDO LLP as auditors of the Company | 98,657,561 | 100% | 6,000 | 0% | 98,663,561 | - |
RES:014 | Authority to determine remuneration of the auditors | 98,657,561 | 100% | 6,000 | 0% | 98,663,561 | - |
RES:015 | Authority to allot shares | 90,973,325 | 92% | 7,690,236 | 8% | 98,663,561 | - |
SPECIAL RESOLUTIONS | |||||||
RES:016 | Disapplication of pre-emption rights | 89,899,705 | 91% | 8,763,856 | 9% | 98,663,561 | - |
RES:017 | Disapplication of pre-emption rights (for an acquisition or other specified capital investment) | 89,901,303 | 91% | 8,762,258 | 9% | 98,663,561 | - |
RES:018 | Authority to purchase own shares | 98,652,561 | 100% | 11,000 | 0% | 98,663,561 | - |
The Board notes the votes against resolutions 3 and 15-17, and, following the AGM, will engage with the Group's shareholders to understand the reasons for these votes, ahead of preparing for the Group's 2023 AGM.
Enquiries:
Franchise Brands plc | + 44 (0) 1625 813231 |
Stephen Hemsley, Executive Chairman | |
Brian Hogan, 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 (Sales and Corporate Broking)
| |
Dowgate Capital Limited (Joint Broker) | +44 (0) 20 3903 7715 |
James Serjeant / Colin Climie / Nicholas Chambers | |
MHP Communications (Financial PR) | +44 (0) 20 3128 8100 |
Katie Hunt / Catherine Chapman | +44 (0) 7884 494112 |
About Franchise Brands plc
Franchise Brands is focused on building market-leading businesses in selected customer segments, primarily via a franchise model. The Group currently has a combined network of over 600 franchisees across six principal franchise brands in the UK, North America and Europe. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.
Our B2B brands are Metro Rod, Metro Plumb, Filta and Willow Pumps, and our B2C brands are ChipsAway, Ovenclean and Barking Mad. Each of our brands are leaders in their respective markets. The combined trading history of all the Group's brands is over 190 years. Franchise Brands employs over 430 people from 5 principal offices in the UK as well as Orlando, Florida and the Netherlands.
For further information, visit www.franchisebrands.co.uk.
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