Finsbury Food Group PLC Director/PDMR Shareholdings (6466Z)

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RNS Number : 6466Z

Finsbury Food Group PLC

22 September 2020

 
 Date:                   22 September 2020 
 On behalf of:           Finsbury Food Group Plc ("Finsbury", "the Company" 
                         or "the Group") 
 For immediate release 
 
 

Finsbury Food Group Plc

Director/PDMR Shareholdings

Finsbury Food Group Plc (AIM: FIF), a leading UK speciality bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels, announces that, on 21 September 2020, Dr Alice Duffy, the wife of John Duffy, Chief Executive Officer of the Company, purchased 173,913 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 57.5 pence per Ordinary Share.

Following this purchase, Dr Alice Duffy holds 2,606,811 Ordinary Shares, representing approximately 2.00 per cent. of the Company's issued Ordinary Share capital, and John Duffy holds 10,781 Ordinary Shares, representing approximately 0.008 per cent. of the Company's issued Ordinary Share capital.

The Company also announces that, on 21 September 2020, Nicola Boyd, the wife of Steve Boyd, Group Finance Director, purchased 100,000 Ordinary Shares at an average price of approximately 56.5 pence per Ordinary Share.

Following this purchase, Nicola Boyd holds 1,195,543 Ordinary Shares, representing approximately 0.92 per cent. of the Company's issued Ordinary Share capital.

Contact:

 
 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) 
 Alma PR 
  Rebecca Sanders-Hewett 
  Sam Modlin 
  David Ison                      [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, has sales in the financial year ending 27 June 2020 exceeding GBP306m.

   --      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.

o 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 over GBP965 million (source: IRI 52 w/e 20th June 2020). The retail bread and morning goods market has a value of GBP4.7 billion (source: Kantar Worldpanel 52 w/e 19th April 2020). The retail Free From Cake market is valued at GBP52 million (source: Kantar Worldpanel 52 w/e 17th May 2020). The retail Free From bread & morning goods market is valued at GBP137 million (source: Kantar Worldpanel 52 w/e 19th April 2020).The UK Out of Home sector Foodservice Bakery sector is worth approximately GBP1bn per annum (source: UK foodservice data derived from MCA data for 52 weeks to 31st December 2019).

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

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

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, and the Company's manufacturing facilities in Rybarzowice and Zywiec in Poland.

 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1       Details of the person discharging managerial responsibilities/person 
          closely associated 
------  ----------------------------------------------------------------------------------------------- 
 a.      Name                                        Dr Alice Duffy 
                                                    --------------------------------------------------- 
 2       Reason for notification 
        ------------------------------------------  --------------------------------------------------- 
 a.      Position/Status                             PCA of John Duffy, Chief Executive Officer 
        ------------------------------------------  --------------------------------------------------- 
 b.      Initial notification/                       Initial notification 
          Amendment 
        ------------------------------------------  --------------------------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        ----------------------------------------------------------------------------------------------- 
 a.      Name                                        Finsbury Food Group Plc 
        ------------------------------------------ 
 b.      LEI                                         213800NP5Y3DYJM1MF44 
        ------------------------------------------  --------------------------------------------------- 
 4       Details of the 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 pence each 
          the financial 
          instrument, type 
          of instrument                               GB0009186429 
 
          Identification 
          Code 
        ------------------------------------------  --------------------------------------------------- 
 b.      Nature of the                               Purchase of Ordinary Shares of 1 pence each 
          transaction 
        ------------------------------------------  --------------------------------------------------- 
 
 c.      Price(s) and volume(s)                       Price(s)                Volume(s) 
        ------------------------------------------   ---------------------- 
                                                       57.5p                   173,913 
                                                     ----------------------  ---------------------- 
 
 d.      Aggregated information 
 
          - Aggregated Volume                          173,913 
 
          - Price                                      GBP99,999.98 
        ------------------------------------------  --------------------------------------------------- 
 e.      Date of the transaction                     21 September 2020 
        ------------------------------------------  --------------------------------------------------- 
 f.      Place of the transaction                    London Stock Exchange AIM 
        ------------------------------------------  --------------------------------------------------- 
 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1       Details of the person discharging managerial responsibilities/person 
          closely associated 
------  -------------------------------------------------------------------------------------------- 
 a.      Name                                     Nicola Boyd 
                                                 --------------------------------------------------- 
 2       Reason for notification 
        ---------------------------------------  --------------------------------------------------- 
 a.      Position/Status                          PCA of Stephen Boyd, Group Finance Director 
        ---------------------------------------  --------------------------------------------------- 
 b.      Initial notification/                    Initial notification 
          Amendment 
        ---------------------------------------  --------------------------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        -------------------------------------------------------------------------------------------- 
 a.      Name                                     Finsbury Food Group Plc 
        --------------------------------------- 
 b.      LEI                                      213800NP5Y3DYJM1MF44 
        ---------------------------------------  --------------------------------------------------- 
 4       Details of the 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 pence each 
          the financial 
          instrument, type 
          of instrument                            GB0009186429 
 
          Identification 
          Code 
        ---------------------------------------  --------------------------------------------------- 
 b.      Nature of the                            Purchase of Ordinary Shares of 1 pence each 
          transaction 
        ---------------------------------------  --------------------------------------------------- 
 
 c.      Price(s) and volume(s)                    Price(s)(p)                Volume(s) 
        ---------------------------------------   ------------------------- 

                                                   55.825                     29,529 
                                                  -------------------------  ------------------- 
                                                   57                         35,065 
                                                  -------------------------  ------------------- 
                                                   56.45                      35,406 
                                                  -------------------------  ------------------- 
 
 d.      Aggregated information 
 
          - Aggregated Volume                       100,000 
 
          - Price                                   GBP56,458.30 
        ---------------------------------------  --------------------------------------------------- 
 e.      Date of the transaction                  21 September 2020 
        ---------------------------------------  --------------------------------------------------- 
 f.      Place of the transaction                 London Stock Exchange AIM 
        ---------------------------------------  --------------------------------------------------- 
 
 

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September 22, 2020 02:00 ET (06:00 GMT)