TIDMFIF
RNS Number : 6466Z
Finsbury Food Group PLC
22 September 2020
Date: 22 September 2020
On behalf of: Finsbury Food Group Plc ("Finsbury", "the Company"
or "the Group")
For immediate release
Finsbury Food Group Plc
Director/PDMR Shareholdings
Finsbury Food Group Plc (AIM: FIF), a leading UK speciality
bakery manufacturer of cake, bread and morning goods for both the
retail and foodservice channels, announces that, on 21 September
2020, Dr Alice Duffy, the wife of John Duffy, Chief Executive
Officer of the Company, purchased 173,913 ordinary shares of 1
pence each in the Company ("Ordinary Shares") at a price of 57.5
pence per Ordinary Share.
Following this purchase, Dr Alice Duffy holds 2,606,811 Ordinary
Shares, representing approximately 2.00 per cent. of the Company's
issued Ordinary Share capital, and John Duffy holds 10,781 Ordinary
Shares, representing approximately 0.008 per cent. of the Company's
issued Ordinary Share capital.
The Company also announces that, on 21 September 2020, Nicola
Boyd, the wife of Steve Boyd, Group Finance Director, purchased
100,000 Ordinary Shares at an average price of approximately 56.5
pence per Ordinary Share.
Following this purchase, Nicola Boyd holds 1,195,543 Ordinary
Shares, representing approximately 0.92 per cent. of the Company's
issued Ordinary Share capital.
Contact:
Finsbury Food Group
John Duffy (Chief Executive)
Steve Boyd (Finance
Director) www.finsburyfoods.co.uk 029 20 357 500
Cenkos Securities
Max Hartley (Corporate
Finance)
Alma PR
Rebecca Sanders-Hewett
Sam Modlin
David Ison finsbury@almapr.co.uk 020 3405 0205
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 27 June 2020 exceeding GBP306m.
-- The Company's bakery product range is comprehensive and includes:
o Large premium and celebration cakes.
o Small snacking cake formats such as cake slices and bites.
o 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.
o 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 GBP965 million (source: IRI 52
w/e 20th June 2020). The retail bread and morning goods market has
a value of GBP4.7 billion (source: Kantar Worldpanel 52 w/e 19th
April 2020). The retail Free From Cake market is valued at GBP52
million (source: Kantar Worldpanel 52 w/e 17th May 2020). The
retail Free From bread & morning goods market is valued at
GBP137 million (source: Kantar Worldpanel 52 w/e 19th April
2020).The UK Out of Home sector Foodservice Bakery sector is worth
approximately GBP1bn per annum (source: UK foodservice data derived
from MCA data for 52 weeks to 31st December 2019).
-- The Company comprises a core UK Bakery division and an Overseas division:
o The UK Bakery division has manufacturing sites in Cardiff,
East Kilbride, Hamilton, Salisbury, Sheffield, Manchester, and
Pontypool.
o 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.
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ -----------------------------------------------------------------------------------------------
a. Name Dr Alice Duffy
---------------------------------------------------
2 Reason for notification
------------------------------------------ ---------------------------------------------------
a. Position/Status PCA of John Duffy, Chief Executive Officer
------------------------------------------ ---------------------------------------------------
b. Initial notification/ Initial notification
Amendment
------------------------------------------ ---------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------
a. Name Finsbury Food Group Plc
------------------------------------------
b. LEI 213800NP5Y3DYJM1MF44
------------------------------------------ ---------------------------------------------------
4 Details of the 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 Ordinary Shares of 1 pence each
the financial
instrument, type
of instrument GB0009186429
Identification
Code
------------------------------------------ ---------------------------------------------------
b. Nature of the Purchase of Ordinary Shares of 1 pence each
transaction
------------------------------------------ ---------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------ ----------------------
57.5p 173,913
---------------------- ----------------------
d. Aggregated information
- Aggregated Volume 173,913
- Price GBP99,999.98
------------------------------------------ ---------------------------------------------------
e. Date of the transaction 21 September 2020
------------------------------------------ ---------------------------------------------------
f. Place of the transaction London Stock Exchange AIM
------------------------------------------ ---------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ --------------------------------------------------------------------------------------------
a. Name Nicola Boyd
---------------------------------------------------
2 Reason for notification
--------------------------------------- ---------------------------------------------------
a. Position/Status PCA of Stephen Boyd, Group Finance Director
--------------------------------------- ---------------------------------------------------
b. Initial notification/ Initial notification
Amendment
--------------------------------------- ---------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------
a. Name Finsbury Food Group Plc
---------------------------------------
b. LEI 213800NP5Y3DYJM1MF44
--------------------------------------- ---------------------------------------------------
4 Details of the 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 Ordinary Shares of 1 pence each
the financial
instrument, type
of instrument GB0009186429
Identification
Code
--------------------------------------- ---------------------------------------------------
b. Nature of the Purchase of Ordinary Shares of 1 pence each
transaction
--------------------------------------- ---------------------------------------------------
c. Price(s) and volume(s) Price(s)(p) Volume(s)
--------------------------------------- -------------------------
55.825 29,529
------------------------- -------------------
57 35,065
------------------------- -------------------
56.45 35,406
------------------------- -------------------
d. Aggregated information
- Aggregated Volume 100,000
- Price GBP56,458.30
--------------------------------------- ---------------------------------------------------
e. Date of the transaction 21 September 2020
--------------------------------------- ---------------------------------------------------
f. Place of the transaction London Stock Exchange AIM
--------------------------------------- ---------------------------------------------------
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