REG - Finsbury Food Group - PDMR Dealing - Dividend Reinvestment Plan

Finsbury FoodAnnouncement

08/09/2023 10:15

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RNS Number : 8727L  Finsbury Food Group PLC  08 September 2023

 Date:          08 September 2023
 On behalf of:  Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group')
 For immediate release

 

Finsbury Food Group Plc

PDMR Dealing - Dividend Reinvestment Plan

 

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 Bob Beveridge, a
Non-Executive Director of the Company has acquired 1,445 Ordinary Shares in
the Company pursuant to a standing instruction in relation to a dividend
reinvestment plan ("DRIP").

 

Following the acquisitions, Mr Beveridge has an interest in 15,445 Ordinary
Shares representing approximately 0.012% of the Company's total issued share
capital.

 

 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:  Ordinary Shares of 1 pence each

     Identification code:                      ISIN: GB0009186429
 b)  Nature of the transaction:                Acquisition of Ordinary Shares pursuant to a DRIP.

 c)  Price(s) and volume(s):

Price           Volume
                                               1)    79.9p     193
                                               2)    98.4p     330
                                               3)    99.9p     341
                                               4)    67.2p     174
                                               5)    90.6p     268
                                               6)    93.0p     139

 
 d)  Aggregated volume:                        1.     Single Transaction

     Price:                                    2.     Single Transaction

                                               3.     Single Transaction

                                               4.     Single Transaction

                                               5.     Single Transaction

                                               6.     Single Transaction
 e)  Date of the Transaction:                  1.     13 May 2019

                                               2.     13 January 2020

                                               3.     14 January 2022

                                               4.     12 May 2022

                                               5.     12 January 2023

                                               6.     12 May 2023

 f)  Place of the Transaction:                 London Stock Exchange

 

d)

Aggregated volume:

Price:

1.     Single Transaction

2.     Single Transaction

3.     Single Transaction

4.     Single Transaction

5.     Single Transaction

6.     Single Transaction

e)

Date of the Transaction:

1.     13 May 2019

2.     13 January 2020

3.     14 January 2022

4.     12 May 2022

5.     12 January 2023

6.     12 May 2023

 

f)

Place of the Transaction:

London Stock Exchange

 

 

Contact:

 

 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

 Dominic Morley

 Atholl Tweedie

 Rupert Dearden

 Alma                                                                                     finsbury@almapr.co.uk (mailto:finsbury@almapr.co.uk)      020 3405 0205
 PR

 Sam Modlin

 Rebecca Sanders-Hewett

 Matthew Young

 

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, had sales in the financial year ending 2
July 2022 exceeding £356 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.

·      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 £1.1 billion (source: IRI 52 w/e 17 June 2023).
The retail bread and morning goods market has a value of £5.9 billion
(source: Kantar Worldpanel 52 w/e 16 April 2023). The retail Free From cake
market is valued at £65.6 million (source: Kantar Worldpanel 52 w/e 16 April
2023). The retail Free From bread and morning goods market is valued at
£178.3 million (source: Kantar Worldpanel 52 w/e 16 April 2023).

 

·      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, Pontypool and now
Coatbridge.

·      The Overseas division comprises the Company's 85% owned company,
Lightbody-Stretz Limited, which supplies and distributes the Group's
UK-manufactured products and third-party products, in Europe, and the
Company's manufacturing facilities in Rybarzowice and Żywiec in Poland.

 

 

 

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