Finsbury Food Group PLC Result of AGM (9513P)
November 23 2016 - 5:56AM
UK Regulatory
TIDMFIF
RNS Number : 9513P
Finsbury Food Group PLC
23 November 2016
Date: 23 November 2016
On behalf Finsbury Food Group plc ('Finsbury',
of: 'the Company' or 'the Group')
For immediate release
Finsbury Food Group plc
Result of AGM
Finsbury Food Group plc (AIM: FIF), a leading manufacturer of
cake, bread and bakery goods, is pleased to confirm that at its
Annual General Meeting held today, all resolutions put to
shareholders were duly passed.
- ENDS -
For further information:
Finsbury Food Group plc www.finsburyfoods.co.uk
John Duffy (Chief Executive) 029 20 357 500
Stephen Boyd (Finance Director)
Cenkos Securities plc
Bobbie Hilliam (Corporate
Finance)
Redleaf Communications finsbury@redleafpr.com
Rebecca Sanders-Hewett 020 7382 4730
Sarah Fabietti-Dallison
Sam Modlin
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.
-- Following the acquisition of the Fletchers Group of bakeries,
the Company is one of the largest speciality bakery groups in the
UK with annualised sales in 2016 exceeding GBP300 million.
-- 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 now the second largest manufacturer of ambient
packaged cake (excluding In Store Bakery (ISB)) in the UK, a market
valued at over GBP950m (Source Symphony IRI 52 w/e 13 August 2016).
The annual retail bread and morning goods market has a value in
excess of GBP4.0 billion (source Kantar Worldpanel 52 weeks to 19
June 2016). The UK foodservice bread and morning goods bakery
sector is worth approximately GBP800 million per annum, 70 per cent
of which is in morning goods. The UK foodservice cake and sweet
treat bakery sector is worth approximately GBP600m per annum.
-- The Company comprises a UK Bakery division and an Overseas
division:
-- UK Bakery has manufacturing sites in Cardiff, East Kilbride,
Hamilton, Twechar, Salisbury, Sheffield, London and Manchester.
-- The overseas sector comprise, the Company's 50% owned Company
Lightbody Stretz Ltd that supplies
This information is provided by RNS
The company news service from the London Stock Exchange
END
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