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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Finsbury Food Group Plc | LSE:FIF | London | Ordinary Share | GB0009186429 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 110.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMFIF
RNS Number : 5492N
Finsbury Food Group PLC
26 October 2016
Hot Features
Premium
Date: 26 October 2016
On behalf Finsbury Food Group Plc ('Finsbury',
of: 'the Company' or 'the Group')
For immediate release
Finsbury Food Group Plc
Transfer of Shares
Finsbury Food Group Plc (AIM: FIF), a leading UK specialty bakery and manufacturer of cake, bread and morning goods for both the retail and foodservice channels, announces that, on 26 October 2016, John Duffy, Chief Executive Officer, and Stephen Boyd, Group Finance Director, received ordinary shares of 1p each in the Company ("Ordinary Shares") pursuant to the Company's annual bonus arrangements in relation to the financial year ended 2 July 2016. Mr Duffy received 71,639 Ordinary Shares and Mr Boyd received 50,421 Ordinary Shares. Each of Mr Duffy and Mr Boyd has requested that the Ordinary Shares be transferred to his wife at nil cost.
As a result, the interests of Mr Duffy and Mr Boyd in the Ordinary Shares of the Company remain unchanged. Following receipt of the shares, Mrs Alice Duffy, the wife of Mr Duffy, has an interest in 2,258,457 Ordinary Shares representing approximately 1.73 per cent. of the Company's total issued share capital and Mrs Nicola Boyd, the wife of Mr Boyd, has an interest in 1,011,455 Ordinary Shares representing approximately 0.78 per cent. of the Company's total issued share capital.
The Ordinary Shares were transferred from the trustee of the Finsbury Food Group Plc Employee Benefit Trust ("EBT"). Following the transaction, the trustee of the EBT is interested in 3,360,030 Ordinary Shares, representing 2.58 per cent. of the Company's total issued share capital.
The EBT is a discretionary trust for the benefit of employees of the Company and its subsidiaries. The Executive Directors of the Company are included in the class of potential beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.
-S -
For further information: Finsbury Food Group Plc www.finsburyfoods.co.uk John Duffy (Chief Executive Officer) 029 20 357 500 Stephen Boyd (Group Finance Director) Cenkos Securities plc Bobbie Hilliam (Corporate Finance) Alex Aylen (Sales) Redleaf Communications finsbury@redleafpr.com 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 GBP300 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 GBP950 million (Source Symphony IRI 52 w/e 13 August 2016). The annual retail bread and morning goods market has a value in excess of GBP4.0 billion (source Kantar Worldpanel 52 weeks to 19 June 2016). The UK foodservice bread and morning goods bakery sector is worth approximately GBP800 million per annum, 70% of which is in morning goods. The UK foodservice cake and sweet treat bakery sector is worth approximately GBP600 million 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 comprises the Company's 50% owned entity, Lightbody Stretz Ltd, that supplies and distributes the Group's UK manufactured products and third party products primarily to Europe.
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -------------------------------------------------------------------
a) Name: John Duffy
---- ---------------------------------- -------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------
a) Position/Status: Chief Executive Officer
---- ---------------------------------- -------------------------------
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:
---- ---------------------------------- -------------------------------
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 Ordinary Shares of 1
financial instrument: pence each
Identification code: ISIN: GB0009186429
---- ---------------------------------- -------------------------------
b) Nature of the transaction: The shares were awarded
to John Duffy in partial
settlement of his 2016
bonus and transferred
direct from the Finsbury
Food Group Plc Employee
Benefit Trust to his
wife and PCA, Alice Duffy,
at John Duffy's request
and with the consent
of Alice Duffy.
---- ---------------------------------- -------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---- ---------------------------------- --------------- --------------
Nil-cost 71,639
------------------------------------------------------- --------------
d) Aggregated volume: na
Price:
---- ---------------------------------- -------------------------------
e) Date of the Transaction: 26 October 2016
---- ---------------------------------- -------------------------------
f) Place of the Transaction: Outside a trading venue
---- ---------------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -------------------------------------------------------------------
a) Name: Stephen Boyd
---- ---------------------------------- -------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------
a) Position/Status: Group Finance 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:
---- ---------------------------------- -------------------------------
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 Ordinary Shares of 1
financial instrument: pence each
Identification code: ISIN: GB0009186429
---- ---------------------------------- -------------------------------
b) Nature of the transaction: The shares were awarded
to Stephen Boyd in partial
settlement of his 2016
bonus and transferred
direct from the Finsbury
Food Group Plc Employee
Benefit Trust to his
wife and PCA, Nicola
Boyd, at Stephen Boyd's
request and with the
consent of Nicola Boyd.
---- ---------------------------------- -------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---- ---------------------------------- --------------- --------------
Nil-cost 50,421
------------------------------------------------------- --------------
d) Aggregated volume: na
Price:
---- ---------------------------------- -------------------------------
e) Date of the Transaction: 26 October 2016
---- ---------------------------------- -------------------------------
f) Place of the Transaction: Outside a trading venue
---- ---------------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -------------------------------------------------------------------
a) Name: Alice Duffy
---- ---------------------------------- -------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------
a) Position/Status: Person Closely Associated
to John Duffy, Chief
Executive Officer and
PDMR
---- ---------------------------------- -------------------------------
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:
---- ---------------------------------- -------------------------------
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 Ordinary Shares of 1
financial instrument: pence each
Identification code: ISIN: GB0009186429
---- ---------------------------------- -------------------------------
b) Nature of the transaction: The shares were awarded
to John Duffy in partial
settlement of his 2016
bonus and transferred
direct from the Finsbury
Food Group Plc Employee
Benefit Trust to his
wife and PCA, Alice Duffy,
at John Duffy's request
and with the consent
of Alice Duffy.
---- ---------------------------------- -------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---- ---------------------------------- --------------- --------------
Nil-cost 71,639
------------------------------------------------------- --------------
d) Aggregated volume: na
Price:
---- ---------------------------------- -------------------------------
e) Date of the Transaction: 26 October 2016
---- ---------------------------------- -------------------------------
f) Place of the Transaction: Outside a trading venue
---- ---------------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -------------------------------------------------------------------
a) Name: Nicola Boyd
---- ---------------------------------- -------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------
a) Position/Status: Person Closely Associated
to Stephen Boyd, Group
Finance Director and
PDMR
---- ---------------------------------- -------------------------------
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:
---- ---------------------------------- -------------------------------
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 Ordinary Shares of 1
financial instrument: pence each
Identification code: ISIN: GB0009186429
---- ---------------------------------- -------------------------------
b) Nature of the transaction: The shares were awarded
to Stephen Boyd in partial
settlement of his 2016
bonus and transferred
direct from the Finsbury
Food Group Plc Employee
Benefit Trust to his
wife and PCA, Nicola
Boyd, at Stephen Boyd's
request and with the
consent of Nicola Boyd.
---- ---------------------------------- -------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---- ---------------------------------- --------------- --------------
Nil-cost 50,421
------------------------------------------------------- --------------
d) Aggregated volume: na
Price:
---- ---------------------------------- -------------------------------
e) Date of the Transaction: 26 October 2016
---- ---------------------------------- -------------------------------
f) Place of the Transaction: Outside a trading venue
---- ---------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHZQLFLQBFZFBF
(END) Dow Jones Newswires
October 26, 2016 10:44 ET (14:44 GMT)
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