Complex sentence: On 2 May 1194, Richard I gave Portsmouth its first Royal charter; granting permission for the borough to hold a fifteen-day annual "Free Market Fair", weekly markets, and a local court to deal with minor matters.
Split into simpler sentences: On 2 May 1194, Richard I gave Portsmouth its first Royal charter. This granted permission for the borough to hold an annual fifteen-day "Free Market Fair", weekly markets, and a local court to deal with minor matters.