Result of AGM

RNS Number : 8751S

Finsbury Food Group PLC

18 November 2021

 

Date: 18 November 2021

On behalf of: Finsbury Food Group Plc

For immediate release

Finsbury Food Group Plc

('the Company')

Results of Voting - Annual General Meeting

The Annual General Meeting of Finsbury Food Group Plc was held today at 9.00 a.m. at the Parkgate Hotel, Westgate Street, Cardiff, CF10 1DA.

The Company is pleased to confirm that all nine resolutions put to shareholders were passed on a poll. Resolutions 1 to 7 were passed as ordinary resolutions and Resolutions 8 and 9 were passed as special resolutions.

The results of the poll (including proxy votes) were as follows:

Resolution	Votes for	%	Votes against	%	Votes withheld
Resolution 1 (Ordinary) To receive the reports of the Directors and the Financial Statements for the 52 weeks ended 26 June 2021 together with the report of the auditor thereon.	77,987,01	98.97%	814,681	1.03%	2,176
Resolution 2 (Ordinary) To re-elect Peter Baker as a Director.	65,567,093	99.70%	196,576	0.30%	13,040,201
Resolution 3 (Ordinary) To re-elect John Duffy as a Director.	78,695,367	99.87%	104,979	0.13%	3,524
Resolution 4 (Ordinary) To declare a final dividend for the 52 weeks ended 26 June 2021 of 2.4 pence per ordinary share.	78,803,870	100%	0	0	0
Resolution 5 (Ordinary) To re-appoint PricewaterhouseCoopers LLP as auditor of the Company to hold office until the conclusion of the next general meeting.	77,972,116	98.95%	823,872	1.05%	7,882
Resolution 6 (Ordinary) To authorise the Directors to determine the fees payable to the auditor.	78,487,561	99.60%	316,309	0.40%	0
Resolution 7 (Ordinary) The Directors be generally authorised to allot shares and to grant rights to subscribe for or to convert any security into shares.	78,208,691	99.88%	91,160	0.12%	504,019
Resolution 8 (Special) The Directors be empowered to allot equity securities for cash pursuant to the general authority conferred on them by resolution 7.	78,748,784	99.94%	48,891	0.06%	6,195
Resolution 9 (Special) The Company be authorised to make market purchases of its ordinary shares of 1 pence each.	78,237,441	99.28%	566,429	0.72%	0

As at 18 November, there were 130,383,361 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.

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	[e-mail]	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 £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 over £992 million (source: IRI 52 w/e 11^th September 2021). The retail bread and morning goods market has a value of £5.1 billion (source: Kantar Worldpanel 52 w/e 5^th September 2021). The retail Free From cake market is valued at £52 million (source: Kantar Worldpanel 52 w/e 8^th August 2021). The retail Free From bread & morning goods market is valued at £146 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.

 

END

 

 

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