Finsbury Food Group PLC EBT Share Purchase (6447T)
22 March 2019 - 4:00AM
UK Regulatory
TIDMFIF
RNS Number : 6447T
Finsbury Food Group PLC
21 March 2019
Date: 21 March 2019
On behalf Finsbury Food Group Plc ('Finsbury', 'the
of: Company' or 'the Group')
For immediate release
Finsbury Food Group Plc
EBT Share Purchase
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, has been notified that, on 18
March 2019, the Finsbury Food Group plc Employee Benefit Trust (the
"EBT") purchased 700,717 ordinary shares of 1p each in the capital
of the Company ("Ordinary Shares") at a price of GBP0.71213 per
Ordinary Share.
The Ordinary Shares, which will be held in the EBT, are intended
to be used to satisfy awards made under the Finsbury Food Group Plc
Long Term Incentive Plan and to satisfy future annual bonus
payments. The EBT is a discretionary trust for the benefit of
employees of Finsbury and its subsidiaries, including the Executive
Directors of Finsbury.
Following the above purchases, the EBT holds a total of
3,378,459 Ordinary Shares, representing approximately 2.59% of the
Company's issued ordinary share capital.
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) 0207 397 8900
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:
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 GBP950 million (source: IRI, 52
w/e 8(th) December 2018). The annual retail bread and morning goods
market has a value of GBP4.4 billion (source: Kantar Worldpanel 52
weeks to 30(th) December 2018). The UK foodservice bread and
savoury morning goods bakery sector is worth approximately GBP743
million per annum (source: derived from MCA data for 52 weeks to
30(th) September 2018). The UK foodservice cake and sweet morning
goods bakery sector is worth approximately GBP913 million per annum
(UK foodservice data derived from MCA data for 52 weeks to 30(th)
September 2018).
-- 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.
-- Since the year end date of 30th 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 ywiec, 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
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