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Finsbury Food Group (FIF)

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Friday 15 March, 2019

Finsbury Food Group

Director/PDMR Shareholding

RNS Number : 0899T
Finsbury Food Group PLC
15 March 2019

Finsbury Food Group Plc

("Finsbury" or the "Company") 

Director/PDMR Shareholding  

The Company announces that Mr. Robert Beveridge, Non-Executive Director of the Company, today purchased 14,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 70.645 pence per Ordinary Share.

Following this purchase, Mr Beveridge holds 14,000 Ordinary Shares, representing approximately 0.01 per cent. of the Company's issued Ordinary Share capital.

- ENDS -


For further information:

Finsbury Food Group                      

John Duffy (Chief Executive)

Steve Boyd (Finance Director)                  

029 20 357 500

Cenkos Securities

Max Hartley (Corporate Finance)


0207 397 8900

Alma PR                                         

Rebecca Sanders-Hewett

Sam Modlin

[email protected]                       

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 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 8th December 2018). The annual retail bread and morning goods market has a value of £4.4 billion (source: Kantar Worldpanel 52 weeks to 30th December 2018). The UK foodservice bread and savoury morning goods bakery sector is worth approximately £743 million per annum (source: derived from MCA data for 52 weeks to 30th September 2018). The UK foodservice cake and sweet morning goods bakery sector is worth approximately £913 million per annum (UK foodservice data derived from MCA data for 52 weeks to 30th September 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.

o  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 30th 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 Żywiec, Poland.



Details of the person discharging managerial responsibilities/person closely associated



Robert Beveridge


Reason for the notification




Non-Executive Director


Initial Notification/Amendment:


Initial Notification


Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor



Finsbury Food Group Plc





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.


Description of the financial instrument:

Identification code:

Ordinary Shares of 1 pence each





Nature of the transaction:


Purchase of Ordinary Shares of 1 pence each


Price(s) and volume(s):






Aggregated volume:




Date of the Transaction:

15 March 2019


Place of the Transaction:





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