Business
Exercise of share options, PDMR notification & TVR
Exercise of share options, PDMR notification & TVR.
About this update from Franchise Brands Plc
[{"type":"text","content":"\n \n \n \n 8 November 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n FRANCHISE BRANDS PLC\n \n \n (\"Franchise Brands\", the \"Group\" or the \"Company\")\n \n \n \n \n \n \n \n \n Exercise of share options\n \n \n \n \n and change to Total Voting Rights\n \n \n \n \n \n \n Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, announces that Colin Rees, Chief Information Officer, has exercised options to acquire 303,030 ordinary shares of 0.5 pence each in the Company (\"Ordinary Shares\") pursuant to the terms of the Company's EMI Share Option Scheme. The options have an exercise price of 49.5p per share and will be satisfied by the issue of 303,030 new Ordinary Shares, generating proceeds of £149,999.85 for the Company.\n \n \n \n \n \n Following this option exercise, Colin Rees now holds 706,039 Ordinary Shares, representing approximately 0.54 per cent. of the issued share capital of the Company as enlarged by the 303,030 new Ordinary Shares.\n \n \n \n \n \n Application will be made for the 303,030 new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will occur on or around 11 November 2022. These new Ordinary Shares rank pari passu in all respects with the Company's existing Ordinary Shares.\n \n \n \n \n \n The table for notification and public disclosure of transactions by persons discharging managerial responsibilities in accordance with the requirements of the EU Market Abuse Regulation, which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018, is appended below.\n \n \n \n \n \n \n \n \n \n Total Voting Rights\n \n \n \n \n \n \n Upon Admission, the Company's issued share capital will consist of 130,311,112 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 130,311,112. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \n \n \n \n \n \n \n \n...