Franchise Brands PLC Grant of options & director holdings (0117Z)
2023年5月11日 - 1:54AM
RNSを含む英国規制内ニュース (英語)
TIDMFRAN
RNS Number : 0117Z
Franchise Brands PLC
10 May 2023
10 May 2023
Franchise Brands PLC
("Franchise Brands" , the "Group" or the "Company")
Grant of options and award of SARs to directors and
employees
Franchise Brands (AIM: FRAN), a multi-brand international
franchise business, announces that following the acquisition of
Pirtek Europe Ltd., its Remuneration Committee yesterday approved
the grant of up to 5,000,000 share options and share acquisition
rights ("SARs") to employees and directors, all with an exercise
price of GBP1.80 per share (being the closing mid-market price of
an ordinary share on 9 May 2023).
These grants will be awarded pursuant to the Company Share
Option Plan ("CSOP") or as non-approved options or as SARs, and are
all are exercisable after three years for a period of seven years,
subject to satisfaction of the following performance
conditions:
1) 20 per cent. can be exercised after reported fully diluted
adjusted earnings per share ("EPS") achieves compound annual growth
of 8 per cent. over each of the next three financial years to 31
December 2025;
2) 100 per cent. can be exercised after reported fully diluted
adjusted EPS achieves compound annual growth of 15 per cent. over
each of the next three financial years to 31 December 2025; and
3) between 20 per cent. and 100 per cent. can be exercised pro
rata to EPS growth achieved between the targets in 1) and 2)
above.
The SARs are conditional bonuses whose value will be calculated
by reference to the amount by which the price of the Company's
ordinary shares has risen above the grant price at the date of
exercise, thus providing holders of SARs (non-UK employees) the
same reward value as if the SARs were share options. The qualifying
conditions and timing of vesting are identical to those within the
share option schemes for UK employees. All SARs are to be settled
in cash when exercised.
Certain directors of the Company have been granted options as
set out below:
Director Number of new Total options over
non-approved options ordinary shares
granted now held
Peter Molloy 150,000 776,530
Andrew Mallows 50,000 550,682
Julia Choudhury 100,000 266,061
Colin Rees 100,000 335,834
Tim Harris 100,000 266,061
Enquiries:
+ 44 (0) 1625 507
Franchise Brands plc 910
Stephen Hemsley, Executive Chairman
Andrew Mallows, Interim Chief Financial
Officer
Julia Choudhury, Corporate Development Director
Allenby Capital Limited (Nominated Adviser +44 (0) 20 3328
and Joint Broker) 5656
Jeremy Porter / George Payne (Corporate
Finance)
Amrit Nahal (Sales & Corporate Broking)
+44 (0) 20 3903
Dowgate Capital Limited (Joint Broker) 7715
James Serjeant / Russell Cook / Nicholas
Chambers
+44 (0) 20 7710
Stifel Nicolaus Europe Limited (Joint Broker) 7699
Matthew Blawat / Francis North
+44 (0) 20 3128
MHP Group (Financial PR) 8100
Katie Hunt/Catherine Chapman +44 (0) 7884 494112
franchisebrands@mhpgroup.com
The notifications below, which have been made in accordance with
the requirements of the UK Market Abuse Regulation, provides
further detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Peter Molloy
Andrew Mallows
Julia Choudhury
Colin Rees
Tim Harris
--------------------------- ------------------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------
a) Position/status Directors of Franchise Brands
PLC
--------------------------- ------------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------
a) Name Franchise Brands PLC
--------------------------- ------------------------------------------------------------------
b) LEI 213800CFRX6CJ8LCKN37
--------------------------- ------------------------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------------------
a) Description of Ordinary shares of 0.5p each
the financial instrument, in Franchise Brands PLC
type of instrument Identification code (ISIN)
Identification for Franchise Brands PLC
code ordinary shares: GB00BD6P7Y24
--------------------------- ------------------------------------------------------------------
b) Nature of the transaction Grant of non-approved share
options
--------------------------- ------------------------------------------------------------------
c) Price(s) and volume(s) Exercise price: GBP1.80 Director Number of non-approved
options granted
Peter Molloy 150,000
Andrew Mallows 50,000
Julia Choudhury 100,000
Colin Rees 100,000
Tim Harris 100,000
--------------------------- ------------------------------------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
--------------------------- ------------------------------------------------------------------
e) Date of the transaction 9 May 2023
--------------------------- ------------------------------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------- ------------------------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHBLGDUDUBDGXG
(END) Dow Jones Newswires
May 10, 2023 12:54 ET (16:54 GMT)
Franchise Brands (LSE:FRAN)
過去 株価チャート
から 4 2024 まで 5 2024
Franchise Brands (LSE:FRAN)
過去 株価チャート
から 5 2023 まで 5 2024