Finsbury Food Group PLC Annual Report and Accounts and Notice of AGM (8223E)
October 23 2018 - 2:00AM
UK Regulatory
TIDMFIF
RNS Number : 8223E
Finsbury Food Group PLC
23 October 2018
Date: 23 October 2018
On behalf Finsbury Food Group Plc ('Finsbury', 'the Company'
of: or 'the Group')
For immediate release
Finsbury Food Group Plc
Publication of Annual Report and Accounts and Notice of Annual
General Meeting
In accordance with AIM Rule 20, Finsbury announces that the
Report & Accounts of the Company for the year ended 30 June
2018 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.
Hard copies of these documents will be posted today to those
shareholders who have elected to continue to receive paper
communications. Proxy forms for use in connection with the AGM will
be posted to all shareholders.
The AGM will be held at the offices of CMS Law, Cannon Place, 78
Cannon Street, London, EC4N 6AF on Wednesday, 21 November 2018 at
09.30am.
For further information:
Finsbury Food Group www.finsburyfoods.co.uk 029 20 357 500
John Duffy (Chief Executive)
Steve Boyd (Finance Director)
Cenkos Securities
Max Hartley (Corporate Finance)
Alma PR finsbury@almapr.co.uk 0208 004 4217
Rebecca Sanders-Hewett
Sam Modlin
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 30 June 2018 exceeding GBP300m.
-- 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.
-- The Company is one of the largest ambient cake manufacturers
in the UK, a market valued at over GBP950 million (source: IRI, 52
w/e 23(rd) June 2018). The annual retail bread and morning goods
market has a value of GBP4.3 billion (source: Kantar Worldpanel 52
weeks to 17(th) June 2018). The UK foodservice bread and savoury
morning goods bakery sector is worth approximately GBP691 million
per annum (source: derived from MCA data for 52 weeks to 31(st)
March 2018). The UK foodservice cake and sweet morning goods bakery
sector is worth approximately GBP807 million per annum (UK
foodservice data derived from MCA data for 52 weeks to 31(st) March
2018).
-- The Company comprises a UK Bakery division and an Overseas division:
o The UK Bakery division has manufacturing sites in Cardiff,
East Kilbride, Hamilton, Salisbury, Sheffield, and Manchester.
-- 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.
-- Since the year end date of 30(th) June 2018, the Company
completed the acquisition of Free From baker Ultrapharm, giving the
Group a significant opportunity to access an exciting and high
growth marketplace and manufacturing facilities in Pontypool in the
UK and in Zywiec, Poland.
This information is provided by RNS, the news service of the
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END
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