Source - LSE Regulatory
RNS Number : 1814K
Finsbury Food Group PLC
03 May 2022
 

Date:

3 May 2022

On behalf of:

Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group')

 

Finsbury Food Group Plc

PDMR Dealing - Dividend Reinvestment Plan

 

Finsbury Food Group Plc (AIM: FIF), a leading UK speciality bakery manufacturer of cake, bread and morning goods for the retail and foodservice channels, confirms that it has received notification that Marnie Millard, a Non-Executive Director of the Company has acquired 335 Ordinary Shares in the Company pursuant to a standing instruction in relation to a dividend reinvestment plan ("DRIP"). 

 

Following the acquisitions, Ms Millard has an interest in 9,701 Ordinary Shares representing approximately 0.007% of the Company's total issued share capital

   

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Marnie Millard

2

Reason for the notification

a)

Position/Status:

 

Non-Executive Director

b)

Initial Notification/Amendment:

 

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

Finsbury Food Group Plc

b)

LEI:

213800NP5Y3DYJM1MF44

4.

Details of transaction(s); section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.

a)

Description of the financial instrument:

Identification code:

Ordinary Shares of 1 pence each

ISIN: GB0009186429

b)

Nature of the transaction:

 

Acquisition of Ordinary Shares pursuant to a DRIP.

c)

Price(s) and volume(s):

 

Price

Volume

(1)  £0.96

 

231

(2)  £0.734

104



 

d)

Aggregated volume:

Price:

(1)  Single Transaction

(2)  Single Transaction

e)

Date of the Transaction:

(1)  21 December 2021

(2)  21 April 2022

f)

Place of the Transaction:

London Stock Exchange

 

For further information:

 

Finsbury Food Group                       www.finsburyfoods.co.uk                 029 20 357 500

John Duffy (Chief Executive Officer)

Steve Boyd (Finance Director)

 

Panmure Gordon (UK) Limited                                                                 020 7886 2500

Oliver Cardigan (Corporate Finance)

Atholl Tweedie

Erik Anderson (Corporate Broking)

Edward Walsh

 

Alma PR                                          finsbury@almapr.co.uk                        020 3405 0205

Sam Modlin

Rebecca Sanders-Hewett

David Ison

  

 

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 £1bn (source: IRI 52 w/e 1st January 2022). The retail bread and morning goods market has a value of £5.2 billion (source: Kantar Worldpanel 52 w/e 26th December 2021). The retail Free From cake market is valued at £54 million (source: Kantar Worldpanel 52 w/e 26th December 2021). The retail Free From bread & morning goods market is valued at £153 million (source: Kantar Worldpanel 52 w/e 26th December 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 85% 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.

 

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