18 Feb 2015 17:16
Date: | 18 February 2015 |
On behalf of: | Finsbury Food Group plc ('Finsbury', 'the Company' or 'the Group') |
Finsbury Food Group plc
Exercise of Options
The Company has applied for 164,340 ordinary shares of 1p each ("New Ordinary shares") to be admitted to trading on AIM ("Admission"). The New Ordinary Shares are being issued in relation to the exercise of options by employees of the Company under the Group ShareSave scheme. It is expected that Admission will become effective and that dealings will commence in the New Ordinary Shares at 8.00 a.m. on 24th February 2015.
Following Admission, the Company's issued share capital will consist of 126,766,549 ordinary shares of 1p each, all with voting rights. No shares are currently held in Treasury. The total number of current voting rights in the Company will therefore be 126,766,549 following Admission.
The above figure (126,766,549 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) | |
Jeremy Warner Allen (Sales) | |
Redleaf Polhill | finsbury@redleafpr.com |
Emma Kane/Rebecca Sanders-Hewett | 020 7566 6720 |
Jenny Bahr |
Publication quality photographs are available via Redleaf Polhill on the numbers shown above
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 £939m (Source: Kantar Worldpanel Total UK Coverage, January 2014).
· 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.