RGD.L Regulatory News (RGD)

16 December 2020

Real Good Food plc

 ("RGF" or "the Group")

Notice of General Meeting ("GM")

Trading Update

Real Good Food Plc (AIM:RGD) announces that it will hold a General Meeting at J F Renshaw Limited, Crown Street, Liverpool, L8 7RF, on Wednesday 13 January 2021, at 10.00am.

This meeting is to present to shareholders the Annual Report and Accounts for the Company for the year ended 31 March 2020. 

In light of the covid-19 pandemic and the current UK Government restrictions limiting, among other things, the size of public gatherings, this GM will be held in a different format to that of previous years, while still allowing Shareholders to exercise their voting rights. The health and safety of Shareholders and colleagues is always the Company's main priority and we are committed to supporting the UK Government's efforts in relation to this pandemic.

The GM will therefore take place as a closed meeting, with only the minimum number of persons in attendance as required to form a quorate meeting. Two directors of the Company, each of whom is either a Shareholder, or a proxy or corporate representative appointed by a Shareholder, will attend the meeting. Please do not travel to the GM as anyone who seeks to attend in person will be refused entry. All Shareholders are therefore strongly urged to register their votes in advance by appointing the chairman of the GM as their proxy and giving them voting instructions. We do not recommend the appointment of any other person as your proxy as they will not be able to attend the GM and your vote will not be counted.

The Board recognise the importance of the AGM as an opportunity for shareholders to ask questions, and accordingly the Group will be arranging a Q&A session, which also include an update on current trading, to be held immediately after the AGM. Details of how to join the Q&A session will be published prior to the meeting.

The following documents will be posted on Monday 21 December 2020 or made available to shareholders:

· Notice of GM; and

· Proxy Form for the GM

A copy of the Notice of GM will be available to view on the Company's website at

https://realgoodfoodplc.com/investor-information/reports-and-accounts

The preliminary announcement of results for the year ended 31 March 2020 will be announced on Friday, 18th December 2020.

Current Trading Update

The impact of covid-19 was felt most severely in the first quarter. However, with lockdown restrictions easing, trading has improved in both divisions with third quarter sales in-line with both FY20 and Board expectations.

Within Cake Decorations, where the operating structure has been significantly improved, the focus is on strengthening customer relationships, enhancing customer service, and growing sales through new product launches and category expansion. There have been new client wins since the year-end in both the Retail and the B2B markets and overseas markets have recovered well. Since the start of the financial year, the business has successfully launched over 40 new products generating over £2 million of sales on an annualised basis.

After the initial impact of the lockdown, Brighter Foods, has continued to grow its earnings from a wider customer base than this time last year. Notwithstanding ongoing covid-19 restrictions, third quarter earnings are in-line with FY20. Since the year-end, the business has launched 17 new products and has 27 under trials.

The Board is reviewing all initiatives to improve the capital structure of the Group.

A further trading update will be given on the day of the General Meeting to update on the third quarter trading and the year-end expectations.

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