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
  -2.50 -2.67% 91.00 90.00 92.00 93.50 90.50 93.50 125,829 11:39:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 313.3 17.0 9.8 9.3 119

Finsbury Food Group PLC Result of AGM

18/11/2021 3:29pm

UK Regulatory (RNS & others)

Finsbury Food (LSE:FIF)
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RNS Number : 8751S

Finsbury Food Group PLC

18 November 2021

Date: 18 November 2021

On behalf of: Finsbury Food Group Plc

For immediate release

Finsbury Food Group Plc

('the Company')

Results of Voting - Annual General Meeting

The Annual General Meeting of Finsbury Food Group Plc was held today at 9.00 a.m. at the Parkgate Hotel, Westgate Street, Cardiff, CF10 1DA.

The Company is pleased to confirm that all nine resolutions put to shareholders were passed on a poll. Resolutions 1 to 7 were passed as ordinary resolutions and Resolutions 8 and 9 were passed as special resolutions.

The results of the poll (including proxy votes) were as follows:

  Resolution                              Votes for    %        Votes against   %       Votes withheld 
 Resolution 1 (Ordinary) 
  To receive the reports 
  of the Directors and the 
  Financial Statements for 
  the 52 weeks ended 26 June 
  2021 together with the 
  report of the auditor thereon.          77,987,01    98.97%   814,681         1.03%   2,176 
                                         -----------  -------  --------------  ------  --------------- 
 Resolution 2 (Ordinary) 
  To re-elect Peter Baker 
  as a Director.                          65,567,093   99.70%   196,576         0.30%   13,040,201 
                                         -----------  -------  --------------  ------  --------------- 
 Resolution 3 (Ordinary) 
  To re-elect John Duffy 
  as a Director.                          78,695,367   99.87%   104,979         0.13%   3,524 
                                         -----------  -------  --------------  ------  --------------- 
 Resolution 4 (Ordinary) 
  To declare a final dividend 
  for the 52 weeks ended 
  26 June 2021 of 2.4 pence 
  per ordinary share.                     78,803,870   100%     0               0       0 
                                         -----------  -------  --------------  ------  --------------- 
 Resolution 5 (Ordinary) 
  To re-appoint PricewaterhouseCoopers 
  LLP as auditor of the Company 
  to hold office until the 
  conclusion of the next 
  general meeting.                        77,972,116   98.95%   823,872         1.05%   7,882 
                                         -----------  -------  --------------  ------  --------------- 
 Resolution 6 (Ordinary) 
  To authorise the Directors 
  to determine the fees payable 
  to the auditor.                         78,487,561   99.60%   316,309         0.40%   0 
                                         -----------  -------  --------------  ------  --------------- 
 Resolution 7 (Ordinary) 
  The Directors be generally 
  authorised to allot shares 
  and to grant rights to 
  subscribe for or to convert 
  any security into shares.               78,208,691   99.88%   91,160          0.12%   504,019 
                                         -----------  -------  --------------  ------  --------------- 
 Resolution 8 (Special) 
  The Directors be empowered 
  to allot equity securities 
  for cash pursuant to the 
  general authority conferred 
  on them by resolution 7.                78,748,784   99.94%   48,891          0.06%   6,195 
                                         -----------  -------  --------------  ------  --------------- 
 Resolution 9 (Special) 
  The Company be authorised 
  to make market purchases 
  of its ordinary shares 
  of 1 pence each.                        78,237,441   99.28%   566,429         0.72%   0 
                                         -----------  -------  --------------  ------  --------------- 

As at 18 November, there were 130,383,361 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.

For further information:

 Finsbury Food Group 
  John Duffy (Chief 
  Steve Boyd (Finance 
  Director)                     www.finsburyfoods.co.uk    029 20 357 500 
 Panmure Gordon (UK) 
  Oliver Cardigan (Corporate 
  Atholl Tweedie 
  Erik Anderson (Corporate 
  Edward Walsh                                             020 7886 2500 
 Alma PR 
  Sam Modlin 
  David Ison 
  Hilary Buchanan 
  Molly Gretton                 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 over GBP992 million (source: IRI 52 w/e 11(th) September 2021). The retail bread and morning goods market has a value of GBP5.1 billion (source: Kantar Worldpanel 52 w/e 5(th) September 2021). The retail Free From cake market is valued at GBP52 million (source: Kantar Worldpanel 52 w/e 8(th) August 2021). The retail Free From bread & morning goods market is valued at GBP146 million (source: Kantar Worldpanel 52 w/e 5(th) September 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 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.

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(END) Dow Jones Newswires

November 18, 2021 10:29 ET (15:29 GMT)

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