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Finsbury Food Group - Director/PDMR Shareholdings

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

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 27 June 2020 exceeding £306m.

 

·      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 £965 million (source: IRI 52 w/e 20th June 2020). The retail bread and morning goods market has a value of £4.7 billion (source: Kantar Worldpanel 52 w/e 19th April 2020). The retail Free From Cake market is valued at £52 million (source: Kantar Worldpanel 52 w/e 17th May 2020). The retail Free From bread & morning goods market is valued at £137 million (source: Kantar Worldpanel 52 w/e 19th April 2020).The UK Out of Home sector Foodservice Bakery sector is worth approximately £1bn 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:

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.

 

 

 

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/

Amendment

Initial notification

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 the financial instrument, type of instrument

Identification Code

Ordinary Shares of 1 pence each

 

GB0009186429

b.

Nature of the transaction

Purchase of Ordinary Shares of 1 pence each

c.

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 57.5p

 173,913

 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

173,913

 

£99,999.98

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/

Amendment

Initial notification

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 the financial instrument, type of instrument

Identification Code

Ordinary Shares of 1 pence each

 

GB0009186429

b.

Nature of the transaction

Purchase of Ordinary Shares of 1 pence each

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

 

- Price

 

 

100,000

 

£56,458.30

e.

Date of the transaction

21 September 2020

f.

Place of the transaction

London Stock Exchange AIM

                 

 

 

 

 

 

 

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Market: AIM
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