Finsbury Food Group PLC Annual Report and Accounts and Notice of AGM (3865C)
October 19 2020 - 1:00AM
UK Regulatory
TIDMFIF
RNS Number : 3865C
Finsbury Food Group PLC
19 October 2020
Date: 19 October 2020
On behalf of: Finsbury Food Group plc ('Finsbury or 'the
Company')
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 year ended 27 June
2020 and its Notice of Annual General Meeting ("AGM") have been
published today and are available to view and download from the
Investors section of the Company's website at
www.finsburyfoods.co.uk .
The AGM will be held at the offices of ONE Advisory Limited, 201
Temple Chambers, 3 - 7 Temple Avenue, London EC4Y 0DT at 9.30 am on
Thursday, 19 November 2020.
AGM Arrangements
In light of the Covid-19 pandemic, the Company's AGM
arrangements for 2020 will be different to previous years. In order
to minimise travel and protect the health and safety of the
Company' shareholders, Board, advisers and other attendees, the AGM
will be a closed meeting. The Board has arranged for a quorum to be
present at the AGM and no other shareholders, advisers or other
guests will be allowed to attend the AGM in person (save at the
invitation of the Board for the purposes of forming a quorum).
Anyone seeking to attend the AGM who has not been specifically
invited by the Board for the purposes of forming a quorum will be
refused entry.
Although the AGM is closed, shareholders will be able to follow
a webcast of the AGM. In order to gain access to the webcast,
shareholders will be required to pre-register via the following
link http://bit.ly/FIF_AGM . Shareholders are also invited to
submit questions in writing in advance of the AGM by sending them
to finsbury@almapr.co.uk by 6.00 p.m. on 17 November 2020. Please
title your email "FIF AGM Shareholder Questions" and include your
full name. 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 register at 6.00 p.m. on 17 November 2020.
Please note that the webcast will be a broadcast and not an
interactive forum. If a shareholder wishes to raise a question,
they are encouraged to do so using the procedure set out above.
Voting
Shareholders are encouraged to vote on the resolutions to be put
to the AGM by proxy. As in 2019, 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). As the AGM will be a
closed meeting, shareholders are advised to appoint the Chairman of
the meeting as their proxy.
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 GBP969 million (source: IRI 52
w/e 12(th) September 2020). The retail bread and morning goods
market has a value of GBP4.9 billion (source: Kantar Worldpanel 52
w/e 6(th) September 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 GBP143 million (source: Kantar Worldpanel 52 w/e 6(th)
September 2020). The UK Out of Home Foodservice Bakery sector is
worth approximately GBP740bn per annum (source: UK foodservice data
derived from MCA data for 52 weeks to 31st March 2020).
-- 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.
-- 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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