Finsbury Food Group plc

Publication of Annual Report and Notice of AGM

In accordance with AIM Rule 20, Finsbury announces that the Report & Accounts of the Company for the year ended 26 June 2021 and its Notice of Annual General Meeting ('AGM') have been published today and are available to view and download from the Investors section of the Company's website at www.finsburyfoods.co.uk.

The Company's AGM will be held at The Parkgate Hotel, Westgate Street, Cardiff, CF10 1DA at 9.00 a.m. on Thursday, 18 November 2021.

AGM Arrangements

Despite the relaxation of social distancing and gathering restrictions in July, there remains some uncertainty as to what regulations or public health guidance may be in place at the time of the AGM, given the possibility of changing Covid-19 case numbers after the publication of the Notice of AGM. In light of this uncertainty, the Board strongly encourages shareholders to consider carefully whether it is necessary for them to travel to and attend the AGM in person this year and encourages all shareholders to appoint the Chairman of the meeting as their proxy and submit their proxy votes in advance (by post, online or (for CREST members) via CREST) whether they intend to attend the AGM or not. 

The AGM will be broadcast live. In order to gain access to the webcast, shareholders will be required to pre-register via the following link www.bit.ly/FIFAGM2021. Although the broadcast will not be an interactive forum, shareholders are invited to submit questions to the Board on matters to be discussed at the AGM by email in advance. Questions should be submitted to finsbury@almapr.co.uk by 6.00 p.m. on 16 November 2021. Please title your email "FIF AGM Shareholder Questions" and include your full name. Where appropriate, responses will be prepared and delivered by the Board at the AGM via the webcast. The Company reserves the right to respond only to questions put by shareholders whose names are on the Company's register of members at 6.00 p.m. on 16 November 2021.

Voting

Shareholders are encouraged to vote on the resolutions to be put to the AGM by proxy. As in previous years, shareholders will not receive a form of proxy for the AGM in the post. Instead, shareholders will find instructions in the section of the AGM Notice entitled "Notes" to enable them to vote electronically and how to register to do so (or obtain a paper proxy card if required). Shareholders are encouraged to appoint the Chairman of the meeting as their proxy to ensure that their vote is counted in the event that restrictions on gatherings due to Covid-19 return before the AGM.

For further information:

Notes to editors:

·      Finsbury Food Group Plc (AIM: FIF) is a leading UK manufacturer of cake and bread bakery goods, supplying a broad range of blue chip customers within both the grocery retail and 'out of home eating' foodservice sectors including major multiples and leading foodservice providers.

·      The Company is one of the largest speciality bakery groups in the UK and, with its Overseas division, has sales in the financial year ending 26 June 2021 exceeding £313m.

·      The Company's bakery product range is comprehensive and includes:

·      Large premium and celebration cakes.

·      Small snacking cake formats such as cake slices and bites.

·      Artisan, healthy lifestyle and organic breads through to rolls, muffins (sweet and savoury) and morning pastries, all of which are available both fresh and frozen dependent on customer channel requirements.

·      Gluten Free bread, morning goods and cake ranges.

·    The Company is one of the largest ambient cake manufacturers in the UK, a market valued at over £992 million (source: IRI 52 w/e 11^th September 2021). The retail bread and morning goods market has a value of £5.1 billion (source: Kantar Worldpanel 52 w/e 5^th September 2021). The retail Free From cake market is valued at £52 million (source: Kantar Worldpanel 52 w/e 8^th August 2021). The retail Free From bread & morning goods market is valued at £146 million (source: Kantar Worldpanel 52 w/e 5^th September 2021).

·      The Company comprises a core UK Bakery division and an Overseas division:

·      The UK Bakery division has manufacturing sites in Cardiff, East Kilbride, Hamilton, Salisbury, Sheffield, Manchester, and Pontypool.

·      The Overseas division comprises the Company's 50% owned company, Lightbody Stretz Ltd, which supplies and distributes the Group's UK-manufactured products and third party products, primarily to Europe, and the Company's manufacturing facilities in Rybarzowice and Zywiec in Poland.