22 Jul 2013 16:41
Date: | 22 July 2013 |
On behalf of: | Finsbury Food Group plc ('Finsbury', 'the Company' or 'the Group') |
For immediate release | |
Finsbury Food Group plc
Director Shareholding
Further to the announcement by the Company on 16th July 2013, the Company would like to confirm that Mr Duffy has been issued a further 6,890 Ordinary Shares at a price of 1 pence per Ordinary Share as part of the settlement relating to the cancellation of his unapproved options. Following this issue, Mr Duffy has a beneficial interest in 1,744,163 Ordinary Shares, representing 2.7 per cent of the current issued share capital of the Company.
The Company's issued share capital consists of 64,517,105 Ordinary Shares, all with voting rights. No Ordinary Shares were held in treasury at the date of this announcement. The total number of current voting rights in the Company is therefore 64,517,107. The above figure (64,517,105 Ordinary Shares) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company.
For further information: | |
Finsbury Food Group plc | www.finsburyfoods.co.uk |
John Duffy (Chief Executive) | 029 20 357 500 |
Stephen Boyd (Finance Director) | |
Cenkos Securities plc
| |
Bobbie Hilliam (Corporate Finance) | |
Alex Aylen (Sales) | |
Redleaf Polhill | finsbury@redleafpr.com |
Rebecca Sanders-Hewett | 020 7382 4730 |
Jenny Bahr Rachael Brown |
Notes to Editors:
§ Finsbury Food Group plc (AIM: FIF), is a leading manufacturer of cake, bread and bakery goods. Within its Cake business, the Group's focus is premium and celebration cakes plus low fat cake slices. Its Bread business manufactures artisan and organic bread and also morning goods.
§ Finsbury Food Group is the second largest manufacturer of Ambient Packaged Cake (excluding In Store Bakery) in the UK, a market valued at £901m (Source: Kantar Worldpanel Total UK Coverage, June 2013).
§ The Group's strategy is to generate returns for shareholders by building a crafted bakery group focused on premium, celebration and well being that delivers for customers and consumers. Finsbury continues to develop its licensed brand portfolio to complement its core retailer brand relationships and improve its understanding of and response to changing consumer needs.
§ Whilst the Company sees exciting organic growth opportunities in all its businesses and its short-term focus is on integrating and growing its existing businesses, the aim is to take advantage of the appropriate bolt on acquisitions to drive longer term value as opportunities and circumstance allow.