Real Good Food PLC Notice of General Meeting & Trading Update (8950I)
17 December 2020 - 2:26AM
UK Regulatory
TIDMRGD
RNS Number : 8950I
Real Good Food PLC
16 December 2020
16 December 2020
Real Good Food plc
("RGF" or "the Group")
Notice of General Meeting ( " GM " )
Trading Update
Real Good Food Plc (AIM:RGD) announces that it will hold a
General Meeting at J F Renshaw Limited, Crown Street, Liverpool, L8
7RF, on Wednesday 13 January 2021, at 10.00am.
This meeting is to present to shareholders the Annual Report and
Accounts for the Company for the year ended 31 March 2020.
In light of the covid-19 pandemic and the current UK Government
restrictions limiting, among other things, the size of public
gatherings, this GM will be held in a different format to that of
previous years, while still allowing Shareholders to exercise their
voting rights. The health and safety of Shareholders and colleagues
is always the Company's main priority and we are committed to
supporting the UK Government's efforts in relation to this
pandemic.
The GM will therefore take place as a closed meeting, with only
the minimum number of persons in attendance as required to form a
quorate meeting. Two directors of the Company, each of whom is
either a Shareholder, or a proxy or corporate representative
appointed by a Shareholder, will attend the meeting. Please do not
travel to the GM as anyone who seeks to attend in person will be
refused entry. All Shareholders are therefore strongly urged to
register their votes in advance by appointing the chairman of the
GM as their proxy and giving them voting instructions. We do not
recommend the appointment of any other person as your proxy as they
will not be able to attend the GM and your vote will not be
counted.
The Board recognise the importance of the AGM as an opportunity
for shareholders to ask questions, and accordingly the Group will
be arranging a Q&A session, which also include an update on
current trading, to be held immediately after the AGM. Details of
how to join the Q&A session will be published prior to the
meeting.
The following documents will be posted on Monday 21 December
2020 or made available to shareholders:
-- Notice of GM; and
-- Proxy Form for the GM
A copy of the Notice of GM will be available to view on the
Company's website at
https://realgoodfoodplc.com/investor-information/reports-and-accounts
The preliminary announcement of results for the year ended 31
March 2020 will be announced on Friday, 18(th) December 2020.
Current Trading Update
The impact of covid-19 was felt most severely in the first
quarter. However, with lockdown restrictions easing, trading has
improved in both divisions with third quarter sales in-line with
both FY20 and Board expectations.
Within Cake Decorations, where the operating structure has been
significantly improved, the focus is on strengthening customer
relationships, enhancing customer service, and growing sales
through new product launches and category expansion. There have
been new client wins since the year-end in both the Retail and the
B2B markets and overseas markets have recovered well. Since the
start of the financial year, the business has successfully launched
over 40 new products generating over GBP2 million of sales on an
annualised basis.
After the initial impact of the lockdown, Brighter Foods, has
continued to grow its earnings from a wider customer base than this
time last year. Notwithstanding ongoing covid-19 restrictions,
third quarter earnings are in-line with FY20. Since the year-end,
the business has launched 17 new products and has 27 under
trials.
The Board is reviewing all initiatives to improve the capital
structure of the Group.
A further trading update will be given on the day of the General
Meeting to update on the third quarter trading and the year-end
expectations.
Enquiries:
Real Good Food plc Tel: 0151 541 3790
Mike Holt, Executive Chairman
Maribeth Keeling, Chief Finance Officer
finnCap Limited (Nomad and Broker) Tel: 020 7220 0500
Carl Holmes / James Thompson (Corporate
Finance)
MHP Communications (Financial PR) Tel: 020 3128 8100
Reg Hoare / Katie Hunt rgf@mhpc.com
About Real Good Food
Real Good Food plc is a food manufacturing business serving several
market sectors including retail (own label and private label),
manufacturing and export. The Company has two businesses, Cake
Decoration (Renshaw and Rainbow Dust Colours) and Food Ingredients
(Brighter Foods), with leading brands in their chosen markets.
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