Finsbury Food Group PLC Result of AGM (1071I)
22 November 2018 - 12:48AM
UK Regulatory
TIDMFIF
RNS Number : 1071I
Finsbury Food Group PLC
21 November 2018
Date: 21 November 2018
On behalf Finsbury Food Group Plc ('Finsbury', 'the
of: 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 21 November 2018.
For further information:
Finsbury Food Group
John Duffy (Chief
Executive)
Steve Boyd (Finance
Director) www.finsburyfoods.co.uk 029 20 357 500
Cenkos Securities
Max Hartley (Corporate
Finance)
Alma PR
Rebecca Sanders-Hewett
Sam Modlin finsbury@almapr.co.uk 020 3405 0205
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 30 June 2018 exceeding GBP300m.
-- 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.
-- The Company is one of the largest ambient cake manufacturers
in the UK, a market valued at over GBP950 million (source: IRI, 52
w/e 23(rd) June 2018). The annual retail bread and morning goods
market has a value of GBP4.3 billion (source: Kantar Worldpanel 52
weeks to 17th June 2018). The UK foodservice bread and savoury
morning goods bakery sector is worth approximately GBP691 million
per annum (source: derived from MCA data for 52 weeks to 31st March
2018). The UK foodservice cake and sweet morning goods bakery
sector is worth approximately GBP807 million per annum (UK
foodservice data derived from MCA data for 52 weeks to 31st March
2018).
-- The Company comprises a UK Bakery division and an Overseas division:
- The UK Bakery division has manufacturing sites in Cardiff,
East Kilbride, Hamilton, Salisbury, Sheffield, and Manchester.
-- 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.
-- Since the year end date of 30(th) June 2018, the Company
completed the acquisition of Free From baker Ultrapharm, giving the
Group a significant opportunity to access an exciting and high
growth marketplace and manufacturing facilities in Pontypool in the
UK and in Zywiec, Poland.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
RAGFKDDQNBDDQDB
(END) Dow Jones Newswires
November 21, 2018 08:48 ET (13:48 GMT)
Finsbury Food (LSE:FIF)
Historical Stock Chart
From Apr 2024 to May 2024
Finsbury Food (LSE:FIF)
Historical Stock Chart
From May 2023 to May 2024