- Finsbury Food Group has confirmed the settlement of legacy unapproved options granted in 2011 to CEO John Duffy and FD Steve Boyd over 2.5m and 2.75m shares of 1p each respectively, on 26 April 2016.

Duffy and Boyd have agreed to cancel their 2011 options and in return have been issued 1,102,957 and 1,214,867 Ordinary Shares.

The legacy 2011 share options, which have to be satisfied by October 2016, were put in place at a share price of 20.5p. The Remuneration Committee can confirm that the performance conditions attached to the legacy 2011 share options, which were designed to reward the turnaround of the Group, were met in full in 2013.

At 11:04am: [LON:FIF] Finsbury Food Group PLC share price was 0p at 119.5p

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