Register
Login:
Share:
Email Facebook Twitter


Exclusive: Hayden Locke, CEO Emmerson plc, a low cost high margin potash investment
Richard Slape, Oil consultant - Avoiding Losers and Picking Winners, his personal strategy


Regulatory News


Director/PDMR Shareholding

Fri, 15th Mar 2019 18:23


RNS Number : 0899T
Finsbury Food Group PLC
15 March 2019

Finsbury Food Group Plc

("Finsbury" or the "Company")

Director/PDMR Shareholding

The Company announces that Mr. Robert Beveridge, Non-Executive Director of the Company, today purchased 14,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 70.645 pence per Ordinary Share.

Following this purchase, Mr Beveridge holds 14,000 Ordinary Shares, representing approximately 0.01 per cent. of the Company's issued Ordinary Share capital.

- ENDS -

For further information:

Finsbury Food Group

John Duffy (Chief Executive)

Steve Boyd (Finance Director)

www.finsburyfoods.co.uk

029 20 357 500

Cenkos Securities

Max Hartley (Corporate Finance)


0207 397 8900

Alma PR

Rebecca Sanders-Hewett

Sam Modlin

finsbury@almapr.co.uk

020 3405 0205

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 30 June 2018 exceeding 300m.

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

o Large premium and celebration cakes.

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

o 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.

The Company is one of the largest ambient cake manufacturers in the UK, a market valued at over 950 million (source: IRI, 52 w/e 8th December 2018). The annual retail bread and morning goods market has a value of 4.4 billion (source: Kantar Worldpanel 52 weeks to 30th December 2018). The UK foodservice bread and savoury morning goods bakery sector is worth approximately 743 million per annum (source: derived from MCA data for 52 weeks to 30th September 2018). The UK foodservice cake and sweet morning goods bakery sector is worth approximately 913 million per annum (UK foodservice data derived from MCA data for 52 weeks to 30th September 2018).

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

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

o 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.

Since the year end date of 30th June 2018, the Company completed the acquisition of Free From baker Ultrapharm, giving the Group a significant opportunity to access an exciting and high growth marketplace and manufacturing facilities in Pontypool in the UK and in Zywiec, Poland.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Robert Beveridge

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

GB0009186429

b)

Nature of the transaction:

Purchase of Ordinary Shares of 1 pence each

c)

Price(s) and volume(s):

Price(s)

Volume(s)

70.645p

14,000

d)

Aggregated volume:

Price:

N/A

e)

Date of the Transaction:

15 March 2019

f)

Place of the Transaction:

AIMX


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHZMGMFRKMGLZM





Back to Regulatory News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.