Finsbury Food Group PLC Result of AGM (2654X)
23 November 2017 - 2:00AM
UK Regulatory
TIDMFIF
RNS Number : 2654X
Finsbury Food Group PLC
22 November 2017
Date: 22 November 2017
On behalf Finsbury Food Group plc ('Finsbury',
of: 'the Company' or 'the Group')
For immediate release
Finsbury Food Group plc
Result of AGM
Finsbury Food Group plc (AIM: FIF), a leading UK speciality
bakery manufacturer of cake, bread and morning goods for both the
retail and foodservice channels, is pleased to confirm that all
resolutions put to shareholders were duly passed at its Annual
General Meeting held today, Wednesday 22 November 2017.
- ENDS -
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)
Nick Searle (Sales)
Redleaf Communications finsbury@redleafpr.com
Elisabeth Cowell 020 7382 4752
Ian Silvera
Fiona Norman
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 1 July 2017 exceeding GBP300m.
-- 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 GBP938 million (source: Symphony
IRI, 52 w/e 19th August 2017). The annual retail bread and morning
goods market has a value of GBP4.0 billion (source: Kantar
Worldpanel 52 weeks to 16th July 2017). The UK foodservice bread
and morning goods bakery sector is worth approximately GBP836
million per annum. The UK foodservice cake and sweet treat bakery
sector is worth approximately GBP494 million per annum (UK
foodservice data derived from NPD Crest 52 w/e 30th June 2017).
-- 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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