Annual Report and Accounts and Notice of AGM

RNS Number : 8223E

Finsbury Food Group PLC

23 October 2018

 

Date:	23 October 2018
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 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                                          [e-mail]                        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 £300m.

·      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 £950 million (source: IRI, 52 w/e 23^rd June 2018). The annual retail bread and morning goods market has a value of £4.3 billion (source: Kantar Worldpanel 52 weeks to 17^th June 2018). The UK foodservice bread and savoury morning goods bakery sector is worth approximately £691 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 £807 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.

 

 

END

 

 

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