- Finsbury Food Group has awarded chief executive John Duffy and finance director Stephen Boyd 116,100 ordinary shares each following the successful completion of the acquisition of Fletchers Group.

Both have requested that the new Ordinary Shares be allotted to their respective wives.

The company says it has received notification from Duffy that he has today transferred for nil value 1,984,881 ordinary shares to his wife. Duffy's total beneficial remains unchanged at 2,111,762 shares - 1.65% of the enlarged share capital.

The company has appointed advisers to assist it in the development and implementation of a new long term incentive plan development of the LTIP.

Finsbury Food says development is well advanced and a further announcement will be made once the plan has been approved by the remuneration committee.

The company has also issued 925,088 ordinary shares following the exercise of options.

At 3:03pm: [LON:FIF] Finsbury Food Group PLC share price was +4p at 73.5p

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