Company Announcements

Finsbury Food Group Plc

Publication of Annual Report and Notice of AGM 

In accordance with AIM Rule 20, Finsbury announces that the Report & Accounts of the Company for the 53 weeks ended 2 July 2022 and its Notice of Annual General Meeting ('AGM') have been published today and are available to view and download from the 'Reports & Presentations' and 'AIM Rule 26' pages respectively of the Investors section of the Company's website (www.finsburyfoods.co.uk). Hard copies will be sent today to those shareholders who have elected to receive them.

The Company's AGM will be held at The Parkgate Hotel, Westgate Street, Cardiff, CF10 1DA at 9.00 a.m. on Thursday, 17 November 2022.

AGM Arrangements

The following arrangements have been put in place for the AGM:

·    In order to ensure that shareholders are able to follow the proceedings of the AGM, the AGM will be broadcast live on the Investor Meet Company platform. However, shareholders will not be able to vote online during the Meeting and are therefore urged to submit their votes via proxy as early as possible.

·    Investors can sign up to Investor Meet Company for free and add the Company via: https://www.investormeetcompany.com/finsbury-food-group-plc/register-investor

·    Investors who already follow the Company on the Investor Meet Company platform will automatically be invited.

Although the broadcast will not be an interactive forum, shareholders are invited to submit questions to the Board on matters to be discussed at the AGM in advance. Questions can be submitted by email to finsbury@almapr.co.uk by 6.00 p.m. on 15 November 2022. Please title your email "FIF AGM Shareholder Questions" and include your full name. Questions can also be pre-submitted in advance of the AGM via the Investor Meet Company Platform up to 9 a.m. the day before the AGM.  Where appropriate, responses will be prepared and delivered by the Board at the AGM via the webcast. The Company reserves the right to respond only to questions put by shareholders whose names are on the Company's register of members at 6.00 p.m. on 15 November 2022.

Voting

Shareholders are encouraged to vote on the resolutions to be put to the AGM by proxy. As in previous years, shareholders will not receive a form of proxy for the AGM in the post. Instead, shareholders will find instructions in the section of the AGM Notice entitled "Notes" to enable them to vote electronically and how to register to do so (or obtain a paper proxy card if required).

For further information:

Notes to Editors:

·    Finsbury Food Group Plc (AIM: FIF) is a leading UK and European 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, together with its overseas division, has sales in the financial year ending 2 July 2022 of £357 million.

·    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; and

·    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 £1.031 billion (source: IRI 52 w/e 13th August 2022). The retail bread and morning goods market has a value of £5.3 billion (source: Kantar Worldpanel 52 w/e 4th September 2022). The retail Free From cake market is valued at £58 million (source: Kantar Worldpanel 52 w/e 4th September 2022). The retail Free From bread and morning goods market is valued at £166 million (source: Kantar Worldpanel 52 w/e 4th September 2022).

·    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 Limited, 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 Żywiec in Poland.