TIDMFIF
RNS Number : 1892Q
Finsbury Food Group PLC
26 October 2021
Date: 26 October 2021
On behalf of: Finsbury Food Group Plc ('Finsbury', 'the Company'
or 'the Group')
Embargoed until: 0700hrs
Finsbury Food Group plc
Annual Bonus Scheme - PDMR Dealings
Finsbury Food Group Plc (AIM: FIF), a leading UK specialty
bakery and manufacturer of cake, bread and morning goods for both
the retail and foodservice channels, announces that, on 25 October
2021, John Duffy, Chief Executive Officer, and Stephen Boyd, Group
Finance Director, received ordinary shares of 1p each in the
Company ("Ordinary Shares") pursuant to the Company's annual bonus
arrangements in relation to the financial year ended 26 June 2021.
On a net settled basis, Mr Duffy received 120,654 Ordinary Shares
and Mr Boyd received 84,514 Ordinary Shares.
Following receipt of the shares, Mr Duffy and his immediate
family, have an interest in 2,738,246 Ordinary Shares representing
approximately 2.10 per cent. of the Company's total issued share
capital and Mr Boyd and his immediate family, have an interest in
1,280,057 Ordinary Shares representing approximately 0.98 per cent.
of the Company's total issued share capital.
The Ordinary Shares were transferred from the trustee of the
Finsbury Food Group Plc Employee Benefit Trust ("EBT"). Following
the transaction, the trustee of the EBT is interested in 5,988,987
Ordinary Shares, representing 4.59 per cent. of the Company's total
issued share capital.
The EBT is a discretionary trust for the benefit of employees of
the Company and its subsidiaries. The Executive Directors of the
Company are included in the class of potential beneficiaries of the
EBT and are deemed to be interested in those shares and the
dealings thereof.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: John Duffy
---------------------------------- -----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/Status: Chief Executive Officer
---------------------------------- -----------------------------------
b) Initial Notification/Amendment: Initial Notification
---------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Finsbury Food Group Plc
---------------------------------- -----------------------------------
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 each
instrument: ISIN: GB0009186429
Identification code:
---------------------------------- -----------------------------------
b) Nature of the transaction: Issue of Ordinary Shares pursuant
to the Company's annual bonus
scheme.
---------------------------------- -----------------------------------
c) Price(s) and volume(s): Price Volume
Nil cost
(Reference price:
94.00p) 120,654
--------
---------------------------------- -----------------------------------
d) Aggregated volume: N/A
Price:
---------------------------------- -----------------------------------
e) Date of the Transaction: 25 October 2021
---------------------------------- -----------------------------------
f) Place of the Transaction: Outside a trading venue
---------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Stephen Boyd
---------------------------------- -----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/Status: Group Finance Director
---------------------------------- -----------------------------------
b) Initial Notification/Amendment: Initial Notification
---------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Finsbury Food Group Plc
---------------------------------- -----------------------------------
b) LEI: 213800NP5Y3DYJM1MF44
---------------------------------- -----------------------------------
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 each
instrument: ISIN: GB0009186429
Identification code:
---------------------------------- -----------------------------------
b) Nature of the transaction: Grant of awards over Ordinary
Shares under the Company's long
term incentive plan
---------------------------------- -----------------------------------
c) Price(s) and volume(s): Price Volume
Nil cost (Reference
price: 94.00p) 84,514
-------
---------------------------------- -----------------------------------
d) Aggregated volume: N/A
Price:
---------------------------------- -----------------------------------
e) Date of the Transaction: 25 October 2021
---------------------------------- -----------------------------------
f) Place of the Transaction: Outside a trading venue
---------------------------------- -----------------------------------
For further information:
Finsbury Food Group
John Duffy (Chief Executive)
Steve Boyd (Finance
Director) www.finsburyfoods.co.uk 029 20 357 500
Panmure Gordon (UK)
Limited
Oliver Cardigan (Corporate
Finance)
Atholl Tweedie
Erik Anderson (Corporate
Broking)
Edward Walsh 020 7886 2500
Alma PR
Sam Modlin
David Ison
Hilary Buchanan
Molly Gretton 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 26 June 2021 exceeding GBP313m.
-- 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 over GBP992 million (source: IRI 52
w/e 11(th) September 2021). The retail bread and morning goods
market has a value of GBP5.1 billion (source: Kantar Worldpanel 52
w/e 5(th) September 2021). The retail Free From cake market is
valued at GBP52 million (source: Kantar Worldpanel 52 w/e 8(th)
August 2021). The retail Free From bread & morning goods market
is valued at GBP146 million (source: Kantar Worldpanel 52 w/e 5(th)
September 2021).
-- 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, 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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END
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