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5 Jul 2022 11:13
Date: | 5 July 2022 |
On behalf of: | Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group') |
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Finsbury Food Group Plc
PDMR and PCA Dealings
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Finsbury Food Group Plc (AIM: FIF), a leading UK speciality bakery manufacturer of cake, bread and morning goods for the retail and foodservice channels, confirms that it has received notification that Nicola Boyd, a person closely associated with Stephen Boyd, Group Finance Director, has transferred 84,514 ordinary shares of Finsbury to a shareholding account through a process of dematerialisation with no resulting change in beneficial ownership. Following the transfer, Mr and Mrs Boyd's combined interest remains 1,280,057 Ordinary Shares representing approximately 0.98% of the Company's total issued share capital
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Nicola Boyd | ||||
2 | Reason for the notification | |||||
a) | Position/Status: Â | Person Closely Associated with Stephen Boyd, Group Finance Director | ||||
b) | Initial Notification/Amendment: Â | 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 ISIN: GB0009186429 | ||||
b) | Nature of the transaction: Â | Dematerialisation of certificated shares with no change in beneficial ownership. | ||||
c) | Price(s) and volume(s): | Â
 | ||||
d) | Aggregated volume: Price: | N/A | ||||
e) | Date of the Transaction: | 21 June 2022 Â | ||||
f) | Place of the Transaction: | Outside a trading venue  | ||||
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For further information:
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Finsbury Food Group www.finsburyfoods.co.uk 029 20 357 500
John Duffy (Chief Executive Officer)
Steve Boyd (Finance Director)
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Panmure Gordon (UK) Limited 020 7886 2500
Oliver Cardigan (Corporate Finance)
Atholl Tweedie
Erik Anderson (Corporate Broking)
Edward Walsh
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Alma PR finsbury@almapr.co.uk 020 3405 0205
Sam Modlin
David Ison
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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 26 June 2021 exceeding £313m.
· 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.
· Gluten Free bread, morning goods and cake ranges.
· The Company is one of the largest ambient cake manufacturers in the UK, a market valued at £1bn (source: IRI 52 w/e 1st January 2022). The retail bread and morning goods market has a value of £5.2 billion (source: Kantar Worldpanel 52 w/e 26th December 2021). The retail Free From cake market is valued at £54 million (source: Kantar Worldpanel 52 w/e 26th December 2021). The retail Free From bread & morning goods market is valued at £153 million (source: Kantar Worldpanel 52 w/e 26th December 2021).
· The Company comprises a core UK Bakery division and an Overseas division:
· The UK Bakery division has manufacturing sites in Cardiff, East Kilbride, Hamilton, Salisbury, Sheffield, Manchester, and Pontypool.
· The Overseas division comprises the Company's 85% owned company, Lightbody Stretz Ltd, which supplies and distributes the Group's UK-manufactured products and third-party products, primarily to Europe, and the Company's manufacturing facilities in Rybarzowice and Zywiec in Poland.
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