REG - Finsbury Food Group - Result of AGM

Finsbury FoodAnnouncement

18/11/2021 15:30

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RNS Number : 8751S  Finsbury Food Group PLC  18 November 2021

Date: 18 November 2021

On behalf of: Finsbury Food Group Plc

For immediate release

 

Finsbury Food Group Plc

('the Company')

Results of Voting - Annual General Meeting

 

The Annual General Meeting of Finsbury Food Group Plc was held today at 9.00
a.m. at the Parkgate Hotel, Westgate Street, Cardiff, CF10 1DA.

The Company is pleased to confirm that all nine resolutions put to
shareholders were passed on a poll. Resolutions 1 to 7 were passed as ordinary
resolutions and Resolutions 8 and 9 were passed as special resolutions.

The results of the poll (including proxy votes) were as follows:

  Resolution                                                                      Votes for   %       Votes against  %      Votes withheld
 Resolution 1 (Ordinary)                                                          77,987,01   98.97%  814,681        1.03%  2,176

 To receive the reports of the Directors and the Financial Statements for the
 52 weeks ended 26 June 2021 together with the report of the auditor thereon.
 Resolution 2 (Ordinary)                                                          65,567,093  99.70%  196,576        0.30%  13,040,201

 To re-elect Peter Baker as a Director.
 Resolution 3 (Ordinary)                                                          78,695,367  99.87%  104,979        0.13%  3,524

 To re-elect John Duffy as a Director.
 Resolution 4 (Ordinary)                                                          78,803,870  100%    0              0      0

 To declare a final dividend for the 52 weeks ended 26 June 2021 of 2.4 pence
 per ordinary share.
 Resolution 5 (Ordinary)                                                          77,972,116  98.95%  823,872        1.05%  7,882

 To re-appoint PricewaterhouseCoopers LLP as auditor of the Company to hold
 office until the conclusion of the next general meeting.
 Resolution 6 (Ordinary)                                                          78,487,561  99.60%  316,309        0.40%  0

 To authorise the Directors to determine the fees payable to the auditor.
 Resolution 7 (Ordinary)                                                          78,208,691  99.88%  91,160         0.12%  504,019

 The Directors be generally authorised to allot shares and to grant rights to
 subscribe for or to convert any security into shares.
 Resolution 8 (Special)                                                           78,748,784  99.94%  48,891         0.06%  6,195

 The Directors be empowered to allot equity securities for cash pursuant to the
 general authority conferred on them by resolution 7.
 Resolution 9 (Special)                                                           78,237,441  99.28%  566,429        0.72%  0

 The Company be authorised to make market purchases of its ordinary shares of 1
 pence each.

 

As at 18 November, there were 130,383,361 ordinary shares in issue.
Shareholders are entitled to one vote per share. Votes withheld are not votes
in law and so have not been included in the calculation of the proportion of
votes for and against a resolution.

 

 

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

 Sam Modlin

 David Ison

 Hilary Buchanan

 Molly Gretton

 

 

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 over £992 million (source: IRI 52 w/e 11(th)
September 2021). The retail bread and morning goods market has a value of
£5.1 billion (source: Kantar Worldpanel 52 w/e 5(th) September 2021). The
retail Free From cake market is valued at £52 million (source: Kantar
Worldpanel 52 w/e 8(th) August 2021). The retail Free From bread & morning
goods market is valued at £146 million (source: Kantar Worldpanel 52 w/e
5(th) September 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 50% 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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