REG - Finsbury Food Group - Director/PDMR Shareholding

Finsbury FoodAnnouncement

15/03/2019 18:25

RNS Number : 0899T
Finsbury Food Group PLC
15 March 2019
 


Finsbury Food Group Plc
("Finsbury" or the "Company") 
Director/PDMR Shareholding  
The Company announces that Mr. Robert Beveridge, Non-Executive Director of the Company, today purchased 14,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 70.645 pence per Ordinary Share.
Following this purchase, Mr Beveridge holds 14,000 Ordinary Shares, representing approximately 0.01 per cent. of the Company's issued Ordinary Share capital.
- ENDS -
 
For further information:



Finsbury Food Group                      
John Duffy (Chief Executive)
Steve Boyd (Finance Director)
 


www.finsburyfoods.co.uk                  


029 20 357 500




Cenkos Securities
Max Hartley (Corporate Finance)
 






0207 397 8900




Alma PR                                         
Rebecca Sanders-Hewett
Sam Modlin


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 30 June 2018 exceeding £300m.
 
·      The Company's bakery product range is comprehensive and includes:
o  Large premium and celebration cakes.
o  Small snacking cake formats such as cake slices and bites.
o  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 one of the largest ambient cake manufacturers in the UK, a market valued at over £950 million (source: IRI, 52 w/e 8th December 2018). The annual retail bread and morning goods market has a value of £4.4 billion (source: Kantar Worldpanel 52 weeks to 30th December 2018). The UK foodservice bread and savoury morning goods bakery sector is worth approximately £743 million per annum (source: derived from MCA data for 52 weeks to 30th September 2018). The UK foodservice cake and sweet morning goods bakery sector is worth approximately £913 million per annum (UK foodservice data derived from MCA data for 52 weeks to 30th September 2018).
 
·      The Company comprises a UK Bakery division and an Overseas division:
o  The UK Bakery division has manufacturing sites in Cardiff, East Kilbride, Hamilton, Salisbury, Sheffield, and Manchester.
o  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.
 
·      Since the year end date of 30th June 2018, the Company completed the acquisition of Free From baker Ultrapharm, giving the Group a significant opportunity to access an exciting and high growth marketplace and manufacturing facilities in Pontypool in the UK and in Żywiec, Poland.
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Robert Beveridge




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 instrument:
Identification code:


Ordinary Shares of 1 pence each
 
GB0009186429
 




b)


Nature of the transaction:
 


Purchase of Ordinary Shares of 1 pence each




c)


Price(s) and volume(s):


Price(s)


Volume(s)




70.645p


14,000




d)


Aggregated volume:
Price:


N/A




e)


Date of the Transaction:


15 March 2019




f)


Place of the Transaction:


AIMX



 
 
 




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