FIF.L Regulatory News (FIF)

12 Jul 2011 07:00

FINSBURY FOOD GROUP PLC

11 JULY 2011

DIRECTORS DEALINGS AND GRANT OF SHARE OPTIONS

TOTAL VOTING RIGHTS

Purchase of Shares

The Company is very pleased to announce that on 8 July 2011 Stephen Boyd, Group Finance Director, subscribed for 476,190 new ordinary shares in the Company (0.89% of the enlarged share capital). Crawford Currie, Lightbody Cake subsidiary Finance Director, also subscribed for 95,238 new ordinary shares in the Company (0.18% of the enlarged share capital), each at 21 pence per share, as part of their remuneration arrangements.

Following the issue, Stephen Boyd will have a beneficial interest in 476,190 shares, representing 0.89% of the enlarged share capital, and Crawford Currie will have a beneficial interest in 95,238 shares, representing 0.18% of the enlarged share capital.

Application has been made for 571,428 ordinary shares in the Company to be admitted to trading on the AIM market of the London Stock Exchange.

Grant of Options

In addition, on 8th July 2011 the Board granted to the following directors options in terms of the Finsbury Food Group Long Term 2006 Incentive Plan:

John Duffy: options over 2,500,000 new ordinary shares of 1p each in the capital of the Company, all of which are granted in terms of the Unapproved part of the Plan with an exercise price of 20.5p per share.

Stephen Boyd: options over 2,900,000 new ordinary shares of 1p each in the capital of the Company. Of those options 146,341 were granted in terms of the Approved part of the Plan with an exercise price of 20.5p per share and 2,753,659 options were granted in terms of the Unapproved part of the Plan with an exercise price of 20.5p per share.

Crawford Currie: options over 1,071,429 new ordinary shares of 1p each in the capital of the Company. Of those options 146,341 were granted in terms of the Approved part of the Plan with an exercise price of 20.5p per share and 925,088 options were granted in terms of the Unapproved part of the Plan with an exercise price of 20.5p per share. Any options Crawford Currie held, prior to this award are considered lapsed.

Vesting of these options is subject to various conditions being met, but in each case, half of these options may vest prior to 30th September 2011 and the balance may vest in two equal tranches on 30th June 2012 and 30th June 2013. The Final exercise date is 30th October 2016.

Total Voting Rights

Following the issue of the 571,428 ordinary shares in the Company, the total number of ordinary shares of 1p each in the capital of the Company in issue as at the date of this notice is 53,359,894 with each share carrying the right to one vote. The Company holds no shares in treasury, and therefore, the total number of voting rights in the Company is 53,359,894.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.