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30 Sep 2015 15:05
Date: | 30 September 2015 |
On behalf of: | Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group') |
Finsbury Food Group Plc
Block Listing Interim Review
Finsbury Food Group Plc (AIM: FIF), a leading manufacturer of cake and bread bakery goods, provides the following information in connection with its block admission pursuant to AIM Rule 29 and Schedule 6 of the AIM Rules:
(a) Name of the company | Finsbury Food Group Plc
| |
(b) Name of the Scheme | The Finsbury Food Group Sharesave Plan ("the Scheme") | |
(c) Period of return (from/to) | 26 February 2015 to 31 August 2015 | |
(d) Number and class of securities not issued under the scheme at the start of the period | 152,640 | |
(e) Number of securities issued under the Scheme during the period | 113,400 | |
(f) Number of securities cancelled forfeited or lapsed in the period | 27,720 | |
(g) Balance under the Scheme of securities not yet issued at the end of the period | 11,520 | |
(h) Number and class of securities originally admitted and the date of admission | 1,055,858 Ordinary Shares of 1p each on 26 February 2013 | |
(i) Contact name and telephone number | Stephen Boyd, Finance Director. 02920 357 500
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For further information:
Finsbury Food Group Plc www.finsburyfoods.co.uk
John Duffy (Chief Executive) 02920 357 500
Stephen Boyd (Finance Director)
Cenkos Securities plc
Bobbie Hilliam (Corporate Finance)
Oliver Baxendale (Sales)
Redleaf Polhill finsbury@redleafpr.com
Rebecca Sanders-Hewett 020 7382 4730
Harriet Lynch
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.
§ Following the acquisition of the Fletchers Group of bakeries, the Company is one of the largest speciality bakery groups in the UK with annualised sales approaching £300 million.
§ 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.
§ The Company is now the second largest manufacturer of ambient packaged cake (excluding In Store Bakery) in the UK, a market valued at £951m (Source Symphony IRI 52 w/e 15 August 2015). The annual bread and morning goods market has a value in excess of £4.8 billion (source Kantar Worldpanel). The UK foodservice bread and morning goods bakery sector is worth approximately £900 million per annum, 70 per cent of which is in morning goods. The UK foodservice cake and sweet treat bakery sector is worth approximately £500m per annum.
§ The Company comprises a UK Bakery division and an Overseas division:
- UK Bakery has manufacturing sites in Cardiff, East Kilbride, Hamilton, Twechar, Salisbury, Sheffield, London and Manchester.
The overseas sector comprise, the Company's 50% owned Company Lightbody Stretz Ltd that supplies and distributes the Group's UK manufactured products and third party products primarily to Europe.
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