Franchise Brands floated on AIM
Published: 05 August 2016
ADMISSION TO AIM AND FIRST DAY OF DEALINGS
Franchise Brands plc, the international multi-brand franchisor, is pleased to announce the Company’s admission to AIM following the placing and subscription of 10,606,061 new ordinary shares at 33 pence per share, as announced on 2 August 2016. Dealings in the Company’s ordinary shares are expected to commence at 8.00am today under the ticker code FRAN.L.
Stephen Hemsley, Executive Chairman, commented:
“We are delighted to announce our admission to AIM following a well-supported fundraising in which a number of high quality institutional investors participated. We welcome our new shareholders and look forward to updating them and the wider market as we build on our success to date, and expand the Group through the acquisition of complementary businesses.”
For further information please contact:
MHP Communications: +44 (0) 20 3128 8100
Background to Franchise Brands plc
Franchise Brands plc is a group of international multi-brand franchisors with a combined network of over 350 franchisees in 12 countries, but predominantly in the UK. Its current brands are ChipsAway, Ovenclean and MyHome, all of which deliver services to individuals of a similar socio-economic group through the Group’s franchisees.
The Group was founded in September 2008 by Stephen Hemsley (Executive Chairman) and Nigel Wray (Non-Executive Director), the Group’s principal shareholders, who have substantial experience in franchising, notably through their well-documented involvement with Domino’s Pizza.
