Finsbury Food Group PLC PDMR Dealing - Dividend Reinvestment Plan (8727L)
September 08 2023 - 4:08AM
UK Regulatory
TIDMFIF
RNS Number : 8727L
Finsbury Food Group PLC
08 September 2023
Date: 08 September 2023
On behalf Finsbury Food Group Plc ('Finsbury', 'the Company' or
of: 'the Group')
For immediate release
Finsbury Food Group Plc
PDMR Dealing - Dividend Reinvestment Plan
Finsbury Food Group Plc (AIM: FIF), a leading UK speciality
bakery manufacturer of cake, bread and morning goods for the retail
and foodservice channels, confirms that it has received
notification that Bob Beveridge, a Non-Executive Director of the
Company has acquired 1,445 Ordinary Shares in the Company pursuant
to a standing instruction in relation to a dividend reinvestment
plan ("DRIP").
Following the acquisitions, Mr Beveridge has an interest in
15,445 Ordinary Shares representing approximately 0.012% of the
Company's total issued share capital.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Robert Beveridge
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2 Reason for the notification
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a) Position/Status: Non-Executive Director
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b) Initial Notification/Amendment: Initial Notification
------------------------------------ ---------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
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a) Name: Finsbury Food Group Plc
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b) LEI: 213800NP5Y3DYJM1MF44
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4. Details of 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 the financial Ordinary Shares of 1 pence
instrument: each
Identification code: ISIN: GB0009186429
------------------------------------ ---------------------------------
b) Nature of the transaction: Acquisition of Ordinary Shares
pursuant to a DRIP.
------------------------------------ ---------------------------------
c) Price(s) and volume(s): Price Volume
1) 79.9p 193
-------
2) 98.4p 330
-------
3) 99.9p 341
-------
4) 67.2p 174
-------
5) 90.6p 268
-------
6) 93.0p 139
-------
------------------------------------ ---------------------------------
d) Aggregated volume: 1. Single Transaction
Price: 2. Single Transaction
3. Single Transaction
4. Single Transaction
5. Single Transaction
6. Single Transaction
------------------------------------ ---------------------------------
e) Date of the Transaction: 1. 13 May 2019
2. 13 January 2020
3. 14 January 2022
4. 12 May 2022
5. 12 January 2023
6. 12 May 2023
------------------------------------ ---------------------------------
f) Place of the Transaction: London Stock Exchange
------------------------------------ ---------------------------------
Contact:
Finsbury Food Group
John Duffy (Chief Executive
Officer)
Steve Boyd (Finance
Director) www.finsburyfoods.co.uk 029 20 357 500
Panmure Gordon (UK)
Limited
Dominic Morley
Atholl Tweedie
Rupert Dearden 020 7886 2500
Alma PR
Sam Modlin
Rebecca Sanders-Hewett
Matthew Young 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, had sales in the financial
year ending 2 July 2022 exceeding GBP356 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.
-- 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 GBP1.1 billion (source: IRI 52 w/e 17
June 2023). The retail bread and morning goods market has a value
of GBP5.9 billion (source: Kantar Worldpanel 52 w/e 16 April 2023).
The retail Free From cake market is valued at GBP65.6 million
(source: Kantar Worldpanel 52 w/e 16 April 2023). The retail Free
From bread and morning goods market is valued at GBP178.3 million
(source: Kantar Worldpanel 52 w/e 16 April 2023).
-- 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,
Pontypool and now Coatbridge.
-- 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, in
Europe, and the Company's manufacturing facilities in Rybarzowice
and ywiec in Poland.
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