15th Mar 2019 18:23
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)
| www.finsburyfoods.co.uk | 029 20 357 500 |
Cenkos Securities Max Hartley (Corporate Finance)
| 0207 397 8900 | |
Alma PR Rebecca Sanders-Hewett Sam Modlin | 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.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Robert Beveridge | |
2 | Reason for the notification | ||
a) | Position/Status:
| Non-Executive 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
GB0009186429
| |
b) | Nature of the transaction:
| Purchase of Ordinary Shares of 1 pence each | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
70.645p | 14,000 | ||
d) | Aggregated volume: Price: | N/A | |
e) | Date of the Transaction: | 15 March 2019 | |
f) | Place of the Transaction: | AIMX | |
Related Shares:
FIF.L