5 Apr 2019 07:00
Finsbury Food Group Plc
("Finsbury" or the "Company")
PCA Dealing
The Company announces that on 4 April 2019 Mrs. Alice Duffy, the wife of John Duffy, Chief Executive Officer of the Company, purchased 100,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 60.99 pence per Ordinary Share.
Following this purchase, Mrs. Alice Duffy holds 2,432,898 Ordinary Shares, representing approximately 1.87 per cent. of the Company's issued Ordinary Share capital, and John Duffy holds 10,781 Ordinary Shares, representing approximately 0.008 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 30 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 Żywiec, Poland.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Alice Duffy | |
2 | Reason for the notification | ||
a) | Position/Status:
| Person Closely Associated to John Duffy, Chief Executive Officer | |
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) |
60.99p | 100,000 | ||
d) | Aggregated volume: Price: | N/A GBP £60,990
| |
e) | Date of the Transaction: | 4 April 2019 | |
f) | Place of the Transaction: | London Stock Exchange AIM | |