REG - Finsbury Food Group - Publication of Annual Report and Notice of AGM

Finsbury FoodAnnouncement

24/10/2022 07:00

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RNS Number : 7890D  Finsbury Food Group PLC  24 October 2022

 Date:          24 October 2022
 On behalf of:  Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group')
 Embargoed until:    0700hrs

 

 

Finsbury Food Group Plc

 

Publication of Annual Report and Notice of AGM

 

In accordance with AIM Rule 20, Finsbury announces that the Report &
Accounts of the Company for the 53 weeks ended 2 July 2022 and its Notice of
Annual General Meeting ('AGM') have been published today and are available to
view and download from the 'Reports & Presentations' and 'AIM Rule 26'
pages respectively of the Investors section of the Company's website
(www.finsburyfoods.co.uk (http://www.finsburyfoods.co.uk/) ). Hard copies will
be sent today to those shareholders who have elected to receive them.

The Company's AGM will be held at The Parkgate Hotel, Westgate Street,
Cardiff, CF10 1DA at 9.00 a.m. on Thursday, 17 November 2022.

AGM Arrangements

The following arrangements have been put in place for the AGM:

·    In order to ensure that shareholders are able to follow the
proceedings of the AGM, the AGM will be broadcast live on the Investor Meet
Company platform. However, shareholders will not be able to vote online during
the Meeting and are therefore urged to submit their votes via proxy as early
as possible.

·    Investors can sign up to Investor Meet Company for free and add the
Company via:
https://www.investormeetcompany.com/finsbury-food-group-plc/register-investor
(https://www.investormeetcompany.com/finsbury-food-group-plc/register-investor)

·    Investors who already follow the Company on the Investor Meet
Company platform will automatically be invited.

Although the broadcast will not be an interactive forum, shareholders are
invited to submit questions to the Board on matters to be discussed at the AGM
in advance. Questions can be submitted by email to finsbury@almapr.co.uk
(mailto:finsbury@almapr.co.uk) by 6.00 p.m. on 15 November 2022. Please title
your email "FIF AGM Shareholder Questions" and include your full name.
Questions can also be pre-submitted in advance of the AGM via the Investor
Meet Company Platform up to 9 a.m. the day before the AGM.  Where
appropriate, responses will be prepared and delivered by the Board at the AGM
via the webcast. The Company reserves the right to respond only to questions
put by shareholders whose names are on the Company's register of members at
6.00 p.m. on 15 November 2022.

Voting

Shareholders are encouraged to vote on the resolutions to be put to the AGM by
proxy. As in previous years, shareholders will not receive a form of proxy
for the AGM in the post. Instead, shareholders will find instructions in the
section of the AGM Notice entitled "Notes" to enable them to vote
electronically and how to register to do so (or obtain a paper proxy card if
required).

For further information:

 

 Finsbury Food Group                                                                    www.finsburyfoods.co.uk (http://www.finsburyfoods.co.uk/)            029 20 357 500

 John Duffy (Chief Executive)

 Steve Boyd (Finance Director)

 Panmure Gordon (UK) Limited                                                                                                                                 020 7886 2500

 Oliver Cardigan (Corporate Finance)

 Atholl Tweedie

 Erik Anderson (Corporate Broking)

 Edward Walsh

 Alma                                                                                   finsbury@almapr.co.uk                                                020 3405 0205
 PR

 Sam Modlin

 David Ison

 Matthew Young

Notes to Editors:

 

·    Finsbury Food Group Plc (AIM: FIF) is a leading UK and European
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, together with its overseas division, has sales in the financial year
ending 2 July 2022 of £357 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; and

·    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 £1.031 billion (source: IRI 52 w/e 13th August 2022).
The retail bread and morning goods market has a value of £5.3 billion
(source: Kantar Worldpanel 52 w/e 4th September 2022). The retail Free From
cake market is valued at £58 million (source: Kantar Worldpanel 52 w/e 4th
September 2022). The retail Free From bread and morning goods market is valued
at £166 million (source: Kantar Worldpanel 52 w/e 4th September 2022).

·    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 Limited, 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 Żywiec in Poland.

 

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