Director dealings: Franchise Brands director picks up 250,000 shares
David Poutney, a non-executive director of international multi-brand franchisor Franchise Brands, purchased 250,000 ordinary shares in the company on Tuesday at an average cost of 81p each.
Franchise Brands
186.00p
17:15 24/04/24
FTSE AIM All-Share
754.69
16:50 24/04/24
Poutney, a member of Franchise Brand's board since July 2016, spent £202,500 on the transaction that, as a result, put him in control of a total of 3.25m ordinary shares, equivalent to 4.18% of the company's issued share capital.
Franchise Brands said group trading in the three months to 31 March was "marginally ahead of management's expectations", in particular, the number of jobs completed by its Metro Rod and Metro Plumb subsidiary grew 16% year-on-year to record levels, despite average order sizes dropping slightly as a result of the heavy rain and snow seen throughout the quarter.
As of 1450 BST, Franchise Brands shares had picked up 2.47% to 83p.
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Director name: Mr Avto Namicheishvili
Amount purchased: 65,000 @ 998.63p
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Amount purchased: 250,000 @ 81.00p
Value: £202,500
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