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RNS Number : 3795R Finsbury Food Group PLC 05 July 2022
Date: 5 July 2022
On behalf of: Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group')
Finsbury Food Group Plc
PDMR and PCA Dealings
Finsbury Food Group Plc (AIM: FIF), a leading UK speciality bakery
manufacturer of cake, bread and morning goods for the retail and foodservice
channels, confirms that it has received notification that Nicola Boyd, a
person closely associated with Stephen Boyd, Group Finance Director, has
transferred 84,514 ordinary shares of Finsbury to a shareholding account
through a process of dematerialisation with no resulting change in beneficial
ownership. Following the transfer, Mr and Mrs Boyd's combined interest
remains 1,280,057 Ordinary Shares representing approximately 0.98% of the
Company's total issued share capital
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 with Stephen 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: Ordinary Shares of 1 pence each
Identification code: ISIN: GB0009186429
b) Nature of the transaction: Dematerialisation of certificated shares with no change in beneficial
ownership.
c) Price(s) and volume(s):
Price Volume
Nil 84,514
d) Aggregated volume: N/A
Price:
e) Date of the Transaction: 21 June 2022
f) Place of the Transaction: Outside a trading venue
d)
Aggregated volume:
Price:
N/A
e)
Date of the Transaction:
21 June 2022
f)
Place of the Transaction:
Outside a trading venue
For further information:
Finsbury Food
Group www.finsburyfoods.co.uk
(http://www.finsburyfoods.co.uk/) 029 20 357
500
John Duffy (Chief Executive Officer)
Steve Boyd (Finance Director)
Panmure Gordon (UK)
Limited 020
7886 2500
Oliver Cardigan (Corporate Finance)
Atholl Tweedie
Erik Anderson (Corporate Broking)
Edward Walsh
Alma
PR finsbury@almapr.co.uk
(mailto:finsbury@almapr.co.uk)
020 3405 0205
Sam Modlin
David Ison
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 £313m.
· 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 £1bn (source: IRI 52 w/e 1(st) January 2022). The
retail bread and morning goods market has a value of £5.2 billion (source:
Kantar Worldpanel 52 w/e 26th December 2021). The retail Free From cake market
is valued at £54 million (source: Kantar Worldpanel 52 w/e 26th December
2021). The retail Free From bread & morning goods market is valued at
£153 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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