Finsbury Food Group PLC Result of AGM (8756F)
November 19 2020 - 04:40AM
UK Regulatory
TIDMFIF
RNS Number : 8756F
Finsbury Food Group PLC
19 November 2020
19 November 2020
For immediate release
Finsbury Food Group Plc
Results of Annual General Meeting
The Annual General Meeting of Finsbury Food Group Plc was 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.
All 8 resolutions put to members were duly passed on a poll.
Resolutions 1 to 6 were passed as ordinary resolutions and
resolutions 7 and 8 were passed as special resolutions.
The number of votes lodged on the poll for and against each
of the resolutions proposed (which should be read alongside
the Notice of Annual General Meeting) is set out below. Resolution Votes % Votes % Votes
for against Withheld*
Resolution 1 ( Ordinary
)
To receive the reports
of the Directors and the
Financial Statements for
the 52 weeks ended 27 June
2020 together with the
report of the auditor thereon. 66,841,340 96.12 2,695,702 3.88 3,584
----------- ------ ---------- ----- -----------
Resolution 2 ( Ordinary
)
To re-elect Stephen Boyd
as a Director. 69,404,173 99.81 130,869 0.19 5,584
----------- ------ ---------- ----- -----------
Resolution 3 ( Ordinary
)
To re-elect Raymond Duignan
as a Director. 69,360,419 99.75 174,223 0.25 5,984
----------- ------ ---------- ----- -----------
Resolution 4 ( Ordinary
)
To re-appoint
PricewaterhouseCoopers
LLP as auditor of the Company
. 68,698,380 99.51 335,836 0.49 506,410
----------- ------ ---------- ----- -----------
Resolution 5 ( Ordinary
)
To authorise the Directors
to determine the fees payable
to the auditor. 69,212,210 99.54 322,489 0.46 5,927
----------- ------ ---------- ----- -----------
Resolution 6 ( Ordinary
)
To authorise the Directors
to allot shares in the
Company . 69,409,771 99.85 104,444 0.15 26,411
----------- ------ ---------- ----- -----------
Resolution 7 ( Ordinary
)
To resolve that the Directors
be empowered pursuant to
section 570 of the Companies
Act 2006 to allot equity
securities for cash. 69,466,085 99.93 46,130 0.07 28,411
----------- ------ ---------- ----- -----------
Resolution 8 ( Ordinary
)
To authorise the Company
to make market purchases
of its Ordinary Share s. 68,971,977 99.21 546,909 0.79 21,740
----------- ------ ---------- ----- -----------
* A vote withheld is not a vote in law.
For further information:
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) 0207 397 8900
Alma PR
Rebecca Sanders-Hewett
Sam Modlin 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.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGKKCBNKBDDCDD
(END) Dow Jones Newswires
November 19, 2020 05:40 ET (10:40 GMT)
Finsbury Food (LSE:FIF)
Historical Stock Chart
From Feb 2024 to Mar 2024
Finsbury Food (LSE:FIF)
Historical Stock Chart
From Mar 2023 to Mar 2024