Finsbury Food Group PLC PDMR Dealing - Dividend Reinvestment Plan (1814K)
04 May 2022 - 2:19AM
UK Regulatory
TIDMFIF
RNS Number : 1814K
Finsbury Food Group PLC
03 May 2022
Date: 3 May 2022
On behalf Finsbury Food Group Plc ('Finsbury', 'the
of: Company' or 'the Group')
Finsbury Food Group Plc
PDMR Dealing - Dividend Reinvestment Plan
Finsbury Food Group Plc (AIM: FIF), a leading UK speciality
bakery manufacturer of cake, bread and morning goods for the retail
and foodservice channels, confirms that it has received
notification that Marnie Millard, a Non-Executive Director of the
Company has acquired 335 Ordinary Shares in the Company pursuant to
a standing instruction in relation to a dividend reinvestment plan
("DRIP").
Following the acquisitions, Ms Millard has an interest in 9,701
Ordinary Shares representing approximately 0.007% of the Company's
total issued share capital
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Marnie Millard
--------------------------------- ------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/Status: Non-Executive Director
--------------------------------- ------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Finsbury Food Group Plc
--------------------------------- ------------------------------------
b) LEI: 213800NP5Y3DYJM1MF44
--------------------------------- ------------------------------------
4. Details of transaction(s); section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted .
-----------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 1 pence
instrument: each
Identification code: ISIN: GB0009186429
--------------------------------- ------------------------------------
b) Nature of the transaction: Acquisition of Ordinary Shares
pursuant to a DRIP.
--------------------------------- ------------------------------------
c) Price(s) and volume(s): Price Volume
(1) GBP0.96 231
-------
(2) GBP0.734 104
--------------------------------- ------------------------------------
d) Aggregated volume: (1) Single Transaction
Price: (2) Single Transaction
--------------------------------- ------------------------------------
e) Date of the Transaction: (1) 21 December 2021
(2) 21 April 2022
--------------------------------- ------------------------------------
f) Place of the Transaction: London Stock Exchange
--------------------------------- ------------------------------------
For further information:
Finsbury Food Group www.finsburyfoods.co.uk 029 20 357 500
John Duffy (Chief Executive Officer)
Steve Boyd (Finance Director)
Panmure Gordon (UK) Limited 020 7886 2500
Oliver Cardigan (Corporate Finance)
Atholl Tweedie
Erik Anderson (Corporate Broking)
Edward Walsh
Alma PR finsbury@almapr.co.uk 020 3405 0205
Sam Modlin
Rebecca Sanders-Hewett
David Ison
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 26 June 2021 exceeding GBP313m.
-- 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 GBP1bn (source: IRI 52 w/e 1(st)
January 2022). The retail bread and morning goods market has a
value of GBP5.2 billion (source: Kantar Worldpanel 52 w/e 26th
December 2021). The retail Free From cake market is valued at GBP54
million (source: Kantar Worldpanel 52 w/e 26th December 2021). The
retail Free From bread & morning goods market is valued at
GBP153 million (source: Kantar Worldpanel 52 w/e 26th December
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 85% 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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