Grant of Options to directors
Franchise Brands plc announced the grant of share options to its Chief Executive Officer, Peter Molloy, for 540,000 ordinary shares, and to its Chief Financial Officer, Andrew Mallows, for 495,000 ordinary shares, both at an exercise price of 118.5p per share. These options are subject to performance conditions related to compound annual earnings per share growth of 5%, 10%, or 15% over the three financial years ending December 31, 2028, with vesting occurring from the third anniversary of the grant date. Following this, Peter Molloy holds options over 1,836,970 shares and Andrew Mallows holds options over 1,271,288 shares.
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Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, announces that on 26 March 2026 the Company's Remuneration Committee approved the grant of an option over 540,000 Ordinary Shares in the Company to Peter Molloy, Chief Executive Officer, and over 495,000 Ordinary Shares in the Company to Andrew Mallows, Chief Financial Officer (collectively, the "Options"). The Options have been granted under the Company's Employee Share Option Plan ("Plan") at an exercise price of 118.5p per share (being the closing mid-market price of an ordinary share on 25 March 2026). Subject to the rules of the Plan and meeting the performance conditions, the Options will be exercisable from the third anniversary of the date of grant until the tenth anniversary of that date.
The number of shares over which the Options can vest and be exercised is subject to performance criteria being met, as follows:
- as to 20%, after reported fully diluted adjusted earnings per share ("EPS") achieves compound annual growth of 5% over each of the next three financial years;
- as to 50%, after reported EPS achieves compound annual growth of 10% over each of the next three financial years;
- as to 100%, after reported EPS achieves compound annual growth of 15% or more over each of the next three financial years; and
- between 20% and 50%, and between 50% and 100%, on a straight-line sliding scale basis, dependent on EPS growth between (respectively) the targets in (1) and (2), and (2) and (3) above.
The year ending 31 December 2025 will be used as the base for the performance conditions, with growth in EPS measured over the three financial years ending 31 December 2028, using data from the audited financial statements.
Following this grant, Peter Molloy holds options over 1,836,970 Ordinary Shares in the Company and has a personal holding of 71,956 Ordinary Shares in the Company, and Andrew Mallows holds options over 1,271,288 Ordinary Shares in the Company and has a personal holding of 124,290 Ordinary Shares in the Company.
| a) | Name | Franchise Brands plc |
| b) | LEI | 213800CFRX6CJ8LCKN37 |
| 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: 118.5p per share Volume: 540,000 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 26 March 2026 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Andrew Mallows |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Franchise Brands plc |
| b) | LEI | 213800CFRX6CJ8LCKN37 |
| 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: 118.5p per share Volume: 495,000 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 26 March 2026 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.