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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 0.0% 87.50 87.00 88.00 87.50 87.50 87.50 44,704 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 313.3 17.0 9.8 8.9 114

Finsbury Food Group PLC EBT Share Purchase

01/06/2022 5:15pm

UK Regulatory (RNS & others)


TIDMFIF

RNS Number : 6445N

Finsbury Food Group PLC

01 June 2022

 
 Date:       01 June 2022 
 On behalf   Finsbury Food Group Plc ('Finsbury', 'the 
  of:         Company' or 'the Group') 
 For immediate release 
 

Finsbury Food Group Plc

EBT Share Purchase

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, has been notified that, on 27(th) and 30(th) May 2022, the Finsbury Food Group plc Employee Benefit Trust (the "EBT") purchased 100,000 and 579,731 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of GBP0.730000 and GBP0.734825 per Ordinary Share respectively.

The Ordinary Shares, which will be held in the EBT, are intended to be used to satisfy awards made under the Finsbury Food Group Plc Long Term Incentive Plan and to satisfy future annual bonus payments. The EBT is a discretionary trust for the benefit of employees of Finsbury and its subsidiaries, including the Executive Directors of Finsbury.

Following the above purchases, the EBT holds a total of 6,668,718 Ordinary Shares, representing approximately 5.11% of the Company's issued ordinary share capital.

For further information:

 
 Finsbury Food Group 
  John Duffy (Chief 
  Executive) 
  Steve Boyd (Finance 
  Director)                     www.finsburyfoods.co.uk    029 20 357 500 
 Panmure Gordon (UK) 
  Limited 
  Oliver Cardigan (Corporate 
  Finance) 
  Atholl Tweedie 
  Erik Anderson (Corporate 
  Broking) 
  Edward Walsh                                             020 7886 2500 
 Alma PR 
  Rebecca Sanders-Hewett 
  Sam Modlin 
  David Ison                    finsbury@almapr.co.uk      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 26 June 2021 exceeding GBP313m.

   --      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 GBP1bn (source: IRI 52 w/e 1(st) January 2022). The retail bread and morning goods market has a value of GBP5.2 billion (source: Kantar Worldpanel 52 w/e 26th December 2021). The retail Free From cake market is valued at GBP54 million (source: Kantar Worldpanel 52 w/e 26th December 2021). The retail Free From bread & morning goods market is valued at GBP153 million (source: Kantar Worldpanel 52 w/e 26th December 2021).

   --      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, and Pontypool.

-- The Overseas division comprises the Company's 85% 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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June 01, 2022 12:15 ET (16:15 GMT)

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