PDMR Dealing - Dividend Reinvestment Plan

Finsbury Food Group PLC

08 September 2023

 

Date:	08 September 2023
On behalf of:	Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group')
For immediate release

Finsbury Food Group Plc

PDMR Dealing - Dividend Reinvestment Plan

Finsbury Food Group Plc (AIM: FIF), a leading UK speciality bakery manufacturer of cake, bread and morning goods for the retail and foodservice channels, confirms that it has received notification that Bob Beveridge, a Non-Executive Director of the Company has acquired 1,445 Ordinary Shares in the Company pursuant to a standing instruction in relation to a dividend reinvestment plan ("DRIP"). 

Following the acquisitions, Mr Beveridge has an interest in 15,445 Ordinary Shares representing approximately 0.012% of the Company's total issued share capital.

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 ISIN: GB0009186429
b)	Nature of the transaction:	Acquisition of Ordinary Shares pursuant to a DRIP.
c)	Price(s) and volume(s):	Price Volume 1)    79.9p 193 2)    98.4p 330 3)    99.9p 341 4)    67.2p 174 5)    90.6p 268 6)    93.0p 139
d)	Aggregated volume: Price:	1.     Single Transaction 2.     Single Transaction 3.     Single Transaction 4.     Single Transaction 5.     Single Transaction 6.     Single Transaction
e)	Date of the Transaction:	1.     13 May 2019 2.     13 January 2020 3.     14 January 2022 4.     12 May 2022 5.     12 January 2023 6.     12 May 2023
f)	Place of the Transaction:	London Stock Exchange

Contact:

Finsbury Food Group                       John Duffy (Chief Executive Officer) Steve Boyd (Finance Director)	www.finsburyfoods.co.uk	029 20 357 500
Panmure Gordon (UK) Limited Dominic Morley Atholl Tweedie Rupert Dearden		020 7886 2500
Alma PR                                           Sam Modlin Rebecca Sanders-Hewett Matthew Young	[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, had sales in the financial year ending 2 July 2022 exceeding £356 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.

·      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 £1.1 billion (source: IRI 52 w/e 17 June 2023). The retail bread and morning goods market has a value of £5.9 billion (source: Kantar Worldpanel 52 w/e 16 April 2023). The retail Free From cake market is valued at £65.6 million (source: Kantar Worldpanel 52 w/e 16 April 2023). The retail Free From bread and morning goods market is valued at £178.3 million (source: Kantar Worldpanel 52 w/e 16 April 2023).

·      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, Pontypool and now Coatbridge.

·      The Overseas division comprises the Company's 85% owned company, Lightbody-Stretz Limited, which supplies and distributes the Group's UK-manufactured products and third-party products, in Europe, and the Company's manufacturing facilities in Rybarzowice and Żywiec in Poland.

 

END