PDMR and PCA Dealings

RNS Number : 3795R

Finsbury Food Group PLC

05 July 2022

 

Date:	5 July 2022
On behalf of:	Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group')

Finsbury Food Group Plc

PDMR and PCA Dealings

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 Nicola Boyd, a person closely associated with Stephen Boyd, Group Finance Director, has transferred 84,514 ordinary shares of Finsbury to a shareholding account through a process of dematerialisation with no resulting change in beneficial ownership.  Following the transfer, Mr and Mrs Boyd's combined interest remains 1,280,057 Ordinary Shares representing approximately 0.98% of the Company's total issued share capital

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Nicola Boyd
2	Reason for the notification
a)	Position/Status:	Person Closely Associated with Stephen Boyd, 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 instrument: Identification code:	Ordinary Shares of 1 pence each ISIN: GB0009186429
b)	Nature of the transaction:	Dematerialisation of certificated shares with no change in beneficial ownership.
c)	Price(s) and volume(s):	Price Volume Nil 84,514
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	21 June 2022
f)	Place of the Transaction:	Outside a trading venue

For further information:

Finsbury Food Group   www.finsburyfoods.co.uk   029 20 357 500

John Duffy (Chief Executive Officer)

Steve Boyd (Finance Director)

Panmure Gordon (UK) Limited  020 7886 2500

Oliver Cardigan (Corporate Finance)

Atholl Tweedie

Erik Anderson (Corporate Broking)

Edward Walsh

Alma PR   [e-mail]  020 3405 0205

Sam Modlin

David Ison

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 £313m.

· 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 £1bn (source: IRI 52 w/e 1^st January 2022). The retail bread and morning goods market has a value of £5.2 billion (source: Kantar Worldpanel 52 w/e 26th December 2021). The retail Free From cake market is valued at £54 million (source: Kantar Worldpanel 52 w/e 26th December 2021). The retail Free From bread & morning goods market is valued at £153 million (source: Kantar Worldpanel 52 w/e 26th December 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 85% 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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