Finsbury Food Group PLC Annual Report and Accounts and Notice of AGM (2999Q)
October 18 2019 - 2:00AM
UK Regulatory
TIDMFIF
RNS Number : 2999Q
Finsbury Food Group PLC
18 October 2019
Date: 18 October 2019
On behalf of: Finsbury Food Group plc ('Finsbury', 'the Company'
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 29 June
2019 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. Shareholders are recommended to vote electronically
at www.signalshares.com but may request a hard copy proxy form from
the Company's Registrar, Link Asset Services, by calling the
shareholder helpline.
The AGM will be held at the offices of CMS Cameron McKenna
Nabarro Olswang LLP, Cannon Place, 78 Cannon Street, London, EC4N
6AF on Wednesday, 20 November 2019 at 09.30am.
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
Hilary Buchanan 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 29 June 2019 exceeding GBP315m.
-- 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 20(th) July 2019). The retail bread and morning goods market
has a value of GBP4.5 billion (source: Kantar Worldpanel 52 w/e
14(th) July 2019). The retail Free From Cake market is valued at
GBP49.5 million (source: Kantar Worldpanel 52 w/e 24(th) March
2019). The retail Free From bread & morning goods market is
valued at GBP125.3 million (source: Kantar Worldpanel 52 w/e 21(st)
April 2019). The UK Out of Home sector Foodservice Bakery sector is
worth approximately GBP747 million per annum (source: derived from
MCA data for 52 weeks to 31(st) March 2019). The UK foodservice
cake and sweet morning goods bakery sector is worth approximately
GBP918 million per annum (UK foodservice data derived from MCA data
for 52 weeks to 31(st) March 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 facility in
ywiec in Poland.
-- In September 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 ywiec,
Poland.
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END
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