RNS Number : 9805E
AIM
22 July 2016
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ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2
OF THE AIM RULES FOR COMPANIES ("AIM RULES")
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COMPANY NAME:
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Franchise Brands plc
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING
POSTCODES):
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5 Edwin Avenue
Hoo Farm Industrial Estate
Kidderminster
Worcestershire
DY11 7RA
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COUNTRY OF INCORPORATION:
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England and Wales
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
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https://www.franchisebrands.co.uk/investors
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE
CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY).
IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
STATED:
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Franchise Brands plc (the "Group") is a group of international multi-brand franchisors
with a combined network of over 330 franchisees in 12 countries, but predominantly in the UK.
The Group's current brands are ChipsAway (mobile car paintwork repairs), Ovenclean (mobile
domestic oven cleaning) and MyHome (premium residential house cleaning), all of which deliver services to individuals of
a similar socio-economic group through the Group's franchisees.
The Group's strategy is to focus on the development of franchise businesses that provide
services to individuals and SMEs. The execution of this strategy is intended to be achieved in three ways:
· expand the size of the franchise network
for the existing brands through the sale of new franchise territories;
· assist franchisees who wish to grow
their businesses through central marketing and business development support; and
· increase the portfolio of franchise
brands through the acquisition of franchise businesses which could benefit from the Group's established central services.
Of particular interest to the directors are businesses in the B2C service sector.
The Group is seeking admission to AIM in order to provide it with access to the financial
resources that will enable it to acquire new businesses and to help meet its strategic objectives.
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO
TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it
seeks admission and the number and type to be held as treasury shares):
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To be confirmed
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON
ADMISSION:
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To be confirmed
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT
ADMISSION:
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To be confirmed
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM
SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
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None
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS
(underlining the first name by which each is known or including any other name by which each is known):
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Stephen Glen Hemsley - Executive
Chairman
Timothy ("Tim") John Harris - Chief
Executive Officer
Andrew John Mallows - Finance Director
Robin Nigel Auld - Marketing Director
Julia Rosalind Choudhury - Corporate
Development Director
Nigel William Wray - Non-Executive
Director
David John Poutney - Non-Executive
Director
Robin ("Rob") Christian Bellhouse - Non-Executive Director
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A
PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or
including any other name by which each is known):
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Before Admission
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After Admission
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Shareholder
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Number of
Ordinary Shares
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Percentage of
Existing Share
Capital
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Number of
Ordinary Shares
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Percentage of
Enlarged Share
Capital
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Nigel Wray
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14,080,434
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38.56
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TBC
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TBC
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Stephen Hemsley
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13,000,431
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35.60
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TBC
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TBC
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Netcap Limited
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3,000,000
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8.22
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TBC
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TBC
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1. Included in the holding of Stephen Hemsley are 1,570,431
Ordinary Shares held by his wife, Sharon Hemsley and 3,000,000 Ordinary Shares held by CTG Investment Limited, a company
owned by a discretionary trust of which Stephen and his family are potential beneficiaries.
2. Included in the holding of Nigel Wray are 14,026,380 Ordinary
Shares held by Damor Investments Limited acting as nominee for RBC Trustees (CI) Limited as trustee of Mr Wray's family
trust.
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE
AIM RULES:
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None
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(i) ANTICIPATED ACCOUNTING REFERENCE
DATE
(ii) DATE TO WHICH THE MAIN
FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim
financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE
REPORTS PURSUANT TO AIM RULES 18 AND 19:
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(i) 31 December
(ii) 31 December 2015
(iii) 30 September 2016 (interim report for the period ended 30 June 2016)
30 June 2017 (annual report for the period ended 31 December 2016)
30 September 2017 (interim report for the period ended 30 June 2017)
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EXPECTED ADMISSION DATE:
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Early August 2016
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Allenby Capital Limited
3 St. Helen's Place
London
EC3A 6AB
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NAME AND ADDRESS OF BROKER:
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Allenby Capital Limited
3 St. Helen's Place
London
EC3A 6AB
Dowgate Capital Stockbrokers Limited
Talisman House
Jubilee Walk
Three Bridges
Crawley
West Sussex
RH10 1LQ
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE
(POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL
DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
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The Admission Document, when published, will be available from the Company's
website: www.franchisebrands.co.uk/investors and will
contain full details about Franchise Brands plc and the admission of its securities.
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DATE OF NOTIFICATION:
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22 July 2016
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NEW/ UPDATE:
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NEW
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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