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FIF Finsbury Food Group Plc

110.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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

Finsbury Food Group PLC PDMR Dealings (7542U)

27/10/2017 7:01am

UK Regulatory


Finsbury Food (LSE:FIF)
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TIDMFIF

RNS Number : 7542U

Finsbury Food Group PLC

27 October 2017

Date: 27 October 2017

On behalf of: Finsbury Food Group Plc ('Finsbury', 'the Company' or 'the Group')

For immediate release

Finsbury Food Group Plc

PDMR Dealings

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 25 October 2017, 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 1 July 2017. Mr. Duffy received 74,441 Ordinary Shares and Mr. Boyd received 54,088 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, Dr. Alice Duffy, the wife of Mr Duffy, has an interest in 2,332,898 Ordinary Shares representing approximately 1.79 per cent. of the Company's total issued share capital and Mrs Nicola Boyd, the wife of Mr. Boyd, has an interest in 1,065,543 Ordinary Shares representing approximately 0.82 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 2,704,030 Ordinary Shares, representing2.07 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)

   Redleaf Communications                                         finsbury@redleafpr.com 
   Elisabeth Cowell                                                             020 7382 4730 

Ian Silvera

Fiona Norman

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 1 July 2017 exceeding GBP300m.

   --     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 one of the largest ambient cake manufacturers in the UK, a market valued at over GBP938 million (source: Symphony IRI, 52 w/e 19(th) August 2017). The annual retail bread and morning goods market has a value of GBP4.0 billion (source: Kantar Worldpanel 52 weeks to 16(th) July 2017). The UK foodservice bread and morning goods bakery sector is worth approximately GBP836 million per annum. The UK foodservice cake and sweet treat bakery sector is worth approximately GBP494 million per annum (UK foodservice data derived from NPD Crest 52 w/e 30(th) June 2017).

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

- The UK Bakery division has manufacturing sites in Cardiff, East Kilbride, Hamilton, Salisbury, Sheffield and Manchester.

- 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.

 
 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:                                   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                         Ordinary Shares of 1 
        the financial instrument:              pence each 
        Identification                         ISIN: GB0009186429 
        code: 
----  -------------------------------------  ------------------------------- 
 b)    Nature of the transaction:             The shares were awarded 
                                               to John Duffy in partial 
                                               settlement of his 2017 
                                               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      74,441 
  ----------------------------------------------------------  -------------- 
 d)    Aggregated volume:                     N/A 
        Price: 
----  -------------------------------------  ------------------------------- 
 e)    Date of the Transaction:               25 October 2017 
----  -------------------------------------  ------------------------------- 
 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:                                 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                      Ordinary Shares of 1 
      the financial instrument:           pence each 
      Identification                      ISIN: GB0009186429 
      code: 
---  ----------------------------------  ------------------------------ 
b)   Nature of the transaction:          The shares were awarded 
                                          to Stephen Boyd in partial 
                                          settlement of his 2017 
                                          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) 
---  ----------------------------------  ----------------  ------------ 
                                               NilSHYcost        54,088 
  -------------------------------------------------------  ------------ 
d)   Aggregated volume:                  N/A 
      Price: 
---  ----------------------------------  ------------------------------ 
e)   Date of the Transaction:            25 October 2017 
---  ----------------------------------  ------------------------------ 
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:                              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                    Ordinary Shares of 1 
       the financial instrument:         pence each 
       Identification                    ISIN: GB0009186429 
       code: 
---  --------------------------------  -------------------------- 
 b)   Nature of the transaction:        The shares were awarded 
                                         to John Duffy in partial 
                                         settlement of his 2017 
                                         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   74,441 
                                         ---------  --------- 
---  --------------------------------  -------------------------- 
 d)   Aggregated volume:                N/A 
 
       Price: 
---  --------------------------------  -------------------------- 
 e)   Date of the Transaction:          25 October 2017 
---  --------------------------------  -------------------------- 
 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

DSHOKADNQBDDOKB

(END) Dow Jones Newswires

October 27, 2017 02:01 ET (06:01 GMT)

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