Business
Result of General Meeting
Franchise Brands plc announced that its General Meeting resolution to cancel the Share Premium account was passed with 89,526,063 votes in favour and only 132 against, representing 100.0% of votes cast. The company will now apply to the High Court for approval, with a directions hearing expected on May 20, 2026, and a confirmation hearing on June 2, 2026, with the cancellation anticipated to be effective around June 5, 2026, upon registration with Companies House. Disclaimer*
About this update from Franchise Brands Plc
30 April 2026 Franchise Brands plc ("Franchise Brands", the "Company" or the "Group") Result of General Meeting Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, is pleased to announce that at the Company's General Meeting held earlier today in connection with the proposed cancellation of the Share Premium account, the resolution proposed was duly passed on a poll. The votes validly received from shareholders and cast (or withheld) at the meeting on the 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 SPECIAL RESOLUTION 1. That, subject to the approval of the High Court, the amount standing to the credit of the Share Premium Account of the Company be cancelled. 89,526,063 100.0% 132 0.0% 89,526,195 1,277 As outlined in the circular issued to shareholders on 31 March 2026, an application will be made to the High Court seeking its approval of this matter. The company expects the initial directions hearing to be held on 20 May 2026 and the hearing to confirm the Share Premium cancellation to be held on 2 June 2026. The cancellation of the Share Premium account becomes effective on the date on which the Court Order confirming the Share Premium Cancellation (and certain accompanying documents) are registered by Companies House, which is expected to be on or around Friday 5 June 2026. Further announcements will be issued by the Company at the appropriate points in the process. 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 Jason Grossman Allenby Capital Limited (Joint Broker) +44 (0) 20 3328 5656 Jeremy Porter / Liz Kirchner (Corporate Finance) Amrit Nahal / Joscelin Pinnington (Sales & Corporate Broking) MHP Group (Financial PR) +44 (0) 20 3128 8100 Katie Hunt / Hugo Harris +44 (0) 7884 494112 [email protected] 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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