Result of AGM

RNS Number : 9513P

Finsbury Food Group PLC

23 November 2016

 

Date:	23 November 2016
On behalf of:	Finsbury Food Group plc ('Finsbury', 'the Company' or 'the Group')
For immediate release

Finsbury Food Group plc

Result of AGM

Finsbury Food Group plc (AIM: FIF), a leading manufacturer of cake, bread and bakery goods, is pleased to confirm that at its Annual General Meeting held today, all resolutions put to shareholders were duly passed.

- ENDS -

For further information:
Finsbury Food Group plc	www.finsburyfoods.co.uk
John Duffy (Chief Executive)	029 20 357 500
Stephen Boyd (Finance Director)
Cenkos Securities plc
Bobbie Hilliam (Corporate Finance)
Redleaf Communications	[e-mail]
Rebecca Sanders-Hewett	020 7382 4730
Sarah Fabietti-Dallison

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.

§ Following the acquisition of the Fletchers Group of bakeries, the Company is one of the largest speciality bakery groups in the UK with annualised sales in 2016 exceeding £300 million.

§ 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.

§ The Company is now the second largest manufacturer of ambient packaged cake (excluding In Store Bakery (ISB)) in the UK, a market valued at over £950m (Source Symphony IRI 52 w/e 13 August 2016). The annual retail bread and morning goods market has a value in excess of £4.0 billion (source Kantar Worldpanel 52 weeks to 19 June 2016). The UK foodservice bread and morning goods bakery sector is worth approximately £800 million per annum, 70 per cent of which is in morning goods. The UK foodservice cake and sweet treat bakery sector is worth approximately £600m per annum.

§ The Company comprises a UK Bakery division and an Overseas division:

·       UK Bakery has manufacturing sites in Cardiff, East Kilbride, Hamilton, Twechar, Salisbury, Sheffield, London and Manchester.

·       The overseas sector comprise, the Company's 50% owned Company Lightbody Stretz Ltd that supplies

 

END

 

 

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