FRANCHISE BRANDS PLC

Remuneration Information • Nov 13, 2024

National Storage Mechanism | Additional information

RNS Number : 1279M

Franchise Brands PLC

13 November 2024

13 November 2024

FRANCHISE BRANDS PLC

("Franchise Brands", the "Group" or the "Company")

Grant of Options to director

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, announces that the Company's Remuneration Committee has approved the grant of an option over 500,000 Ordinary Shares in the Company (the "Option") to Peter Molloy, the Group Chief Executive Officer. The Option has been granted under the Company's Employee Share Option Plan ("Plan") at an exercise price of 167.5p per share (being the closing mid-market price of an ordinary share on 12 November 2024).  Subject to the rules of the Plan and meeting the performance conditions, the Option will be exercisable after approximately three years until the tenth anniversary of the date of grant.

The number of shares over which the Option can vest and be exercised is subject to performance criteria being met, as follows:

1)   as to 20 per cent. 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;

2)   as to 100 per cent. after reported EPS achieves compound annual growth of 15 per cent. over each of the next three financial years; and

3)   between 20 per cent. to 100 per cent. on a straight-line sliding scale basis, dependent on EPS growth between the targets in 1) and 2) above.

The year ending 31 December 2024 will be used as the base for the performance conditions, with growth in EPS measured over the three financial years ending 31 December 2027, using data from the audited financial statements.

Following this grant, Peter Molloy holds options over 1,296,970 Ordinary Shares in the Company and has a personal holding of 71,956 Ordinary Shares in the Company.

The table at the end of this announcement, which is provided in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

Enquiries:

Franchise Brands plc	+ 44 (0) 1625 813231
Stephen Hemsley, Executive Chairman
Peter Molloy, Group Chief Executive Officer
Andrew Mallows, Interim Chief Financial Officer
Julia Choudhury, Corporate Development Director
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker)	+44 (0) 20 7710 7600
Matthew Blawat
Nick Harland
Allenby Capital Limited (Joint Broker)	+44 (0) 20 3328 5656
Jeremy Porter / Liz Kirchner (Corporate Finance)
Amrit Nahal / Joscelin Pinnington (Sales & Corporate Broking)
Dowgate Capital Limited (Joint Broker)	+44 (0) 20 3903 7715
James Serjeant (Corporate Broking)
Malar Velaigam / Colin Climie (Sales)
MHP Group (Financial PR)	+44 (0) 20 3128 8100
Katie Hunt / Hugo Harris	+44 (0) 7884 494112
	franchisebrands@mhpgroup.com

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 625 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 over 700 people across the Group.

For further information, visit www.franchisebrands.co.uk

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Molloy
2	Reason for the notification
a)	Position/status	Group Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
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 the financial instrument, type of instrument Identification code	Ordinary shares of 0.5p each in Franchise Brands plc ISIN: GB00BD6P7Y24
b)	Nature of the transaction	Grant of options over Ordinary Shares of 0.5p each under the Franchise Brands Employee Share Option Plan
c)	Price(s) and volume(s)	Exercise price: 167.5p per share Volume: 500,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	13 November 2024
f)	Place of the transaction	Outside of a trading venue

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