TIDMFIF

RNS Number : 8188M

Finsbury Food Group PLC

23 September 2021

 
 Date:       23 September 2021 
 On behalf   Finsbury Food Group Plc ('Finsbury', 'the 
  of:         Company' or 'the Group') 
 For immediate release 
 

Finsbury Food Group Plc

Dividend Timetable

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 confirms the following dividend timetable further to the announcement of its preliminary results for the financial year ended 26 June 2021:

 
 Event              Date 
 Ex-dividend date   25 November 2021 
                   ----------------- 
 Record date        26 November 2021 
                   ----------------- 
 Payment date       21 December 2021 
                   ----------------- 
 

The Board is recommending a full year dividend of 2.4 pence per share for the financial year ending 26 June 2021. Payment of the dividend is subject to shareholder approval to be sought at the Company's Annual General Meeting.

For further information:

 
 Finsbury Food Group 
  John Duffy (Chief 
  Executive) 
  Steve Boyd (Finance 
  Director)                     www.finsburyfoods.co.uk    029 20 357 500 
 Panmure Gordon (UK) 
  Limited 
  Oliver Cardigan (Corporate 
  Finance) 
  Atholl Tweedie 
  Erik Anderson (Corporate 
  Broking) 
  Edward Walsh                                             020 7886 2500 
 Alma PR 
  Sam Modlin 
  David Ison 
  Hilary Buchanan 
  Molly Gretton                 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 27 June 2020 exceeding GBP306m.

   --      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 over GBP961 million (source: IRI 52 w/e 27(th) March 2021). The retail bread and morning goods market has a value of GBP5.1 billion (source: Kantar Worldpanel 52 w/e 18(th) April 2021). The retail Free From cake market is valued at GBP52 million (source: Kantar Worldpanel 52 w/e 18(th) April 2021). The retail Free From bread & morning goods market is valued at GBP144 million (source: Kantar Worldpanel 52 w/e 18(th) April 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 50% 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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END

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September 23, 2021 11:46 ET (15:46 GMT)

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