REG - Finsbury Food Group - Result of AGM <Origin Href="QuoteRef">FIF.L</Origin>
RNS Number : 9513PFinsbury Food Group PLC23 November 2016
Date:
23 November 2016
On behalf of:
Finsbury Food Group plc ('Finsbury', '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
John Duffy (Chief Executive)
029 20 357 500
Stephen Boyd (Finance Director)
Cenkos Securities plc
Bobbie Hilliam (Corporate Finance)
Redleaf Communications
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 300 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 950m (Source Symphony IRI 52 w/e 13 August 2016). The annual retail bread and morning goods market has a value in excess of 4.0 billion (source Kantar Worldpanel 52 weeks to 19 June 2016). The UK foodservice bread and morning goods bakery sector is worth approximately 800 million per annum, 70 per cent of which is in morning goods. The UK foodservice cake and sweet treat bakery sector is worth approximately 600m 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 RNSThe company news service from the London Stock ExchangeENDRAGAKNDPKBDDPDB
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