Finsbury Food Group PLC EBT Share Purchase (6445N)
June 01 2022 - 12:15PM
UK Regulatory
TIDMFIF
RNS Number : 6445N
Finsbury Food Group PLC
01 June 2022
Date: 01 June 2022
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 27(th)
and 30(th) May 2022, the Finsbury Food Group plc Employee Benefit
Trust (the "EBT") purchased 100,000 and 579,731 ordinary shares of
1p each in the capital of the Company ("Ordinary Shares") at a
price of GBP0.730000 and GBP0.734825 per Ordinary Share
respectively.
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
6,668,718 Ordinary Shares, representing approximately 5.11% 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
Panmure Gordon (UK)
Limited
Oliver Cardigan (Corporate
Finance)
Atholl Tweedie
Erik Anderson (Corporate
Broking)
Edward Walsh 020 7886 2500
Alma PR
Rebecca Sanders-Hewett
Sam Modlin
David Ison 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 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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END
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