REG - Finsbury Food Group - Director/PDMR Shareholding

Finsbury FoodAnnouncement

15/04/2019 07:03

RNS Number : 1237W
Finsbury Food Group PLC
15 April 2019
 


Finsbury Food Group Plc
("Finsbury" or the "Company") 
Director/PDMR Shareholding  
The Company announces that, on 10 April 2019, Mrs. Nicola Boyd, the wife of Steve Boyd (Group Finance Director of the Company), transferred 1,065,543 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to a broker nominee account and, on 11 April 2019, purchased 30,000 Ordinary Shares at a price of 67 pence per Ordinary Share.
Following this transfer and subsequent purchase, Mrs. Nicola Boyd holds 1,095,543 Ordinary Shares, representing approximately 0.84 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 30 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:


Nicola Boyd




2


Reason for the notification




a)


Position/Status:
 


Person Closely Associated to Steve Boyd, Group Finance 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:
 


Transfer of Ordinary Shares of 1 pence each




c)


Price(s) and volume(s):


Price(s)


Volume(s)




-


1,065,543




d)


Aggregated volume:
Price:


N/A
 




e)


Date of the Transaction:


10 April 2019




f)


Place of the Transaction:


London Stock Exchange AIM



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Nicola Boyd




2


Reason for the notification




a)


Position/Status:
 


Person Closely Associated to Steve Boyd, Group Finance 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)




67.00p


30,000




d)


Aggregated volume:
Price:


N/A
GBP £20,100
 




e)


Date of the Transaction:


11 April 2019




f)


Place of the Transaction:


London Stock Exchange AIM



 
 
 




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