Strategic Report


Corporate Governance


Financial Statements Notes to the Consolidated Financial Statements/Continued


Finsbury Food Group Annual Report and Accounts 2020


77


6. Remuneration of Directors/Continued Directors’ rights to subscribe for shares in the Company are listed below:


Number of options at 27 June 2020


S A Boyd S A Boyd S A Boyd S A Boyd S A Boyd S A Boyd J G Duffy J G Duffy J G Duffy J G Duffy J G Duffy J G Duffy


-


476,364 -


241,147 395,365 438,015 -


655,614 -


344,262 548,780 625,310


3,724,857


Number of options at 29 June 2019


702,825 476,364 315,269 241,147 - -


1,108,881 655,614 438,200 344,262 - -


4,282,562


The mid-market price of the ordinary shares on 27 June 2020 was 59.3p (2019: 67.0p) and the range during the 52-week period to 27 June 2020 was 53.0p to 104.0p (2019: 60.0p to 127.0p).


7. Finance Income and Cost Recognised in the Consolidated Statement of Comprehensive Income


2020 £000


Finance income Interest on interest rate swap agreements Bank interest receivable Total finance income


Finance cost Interest on net pension position


Change in fair value of interest rate swaps Bank interest payable


Unwinding of discount on deferred consideration Lease liabilities


Total finance cost


2019 £000


Exercise price


nil nil nil nil nil nil nil nil nil nil nil nil


exercise date


01/07/2019 01/07/2020 02/07/2022 07/07/2023 28/10/2022 30/06/2024 01/07/2019 01/07/2020 30/06/2021 07/07/2023 28/10/2022 30/06/2024


Earliest


Exercise expiry date


26/06/2025 04/12/2025 26/10/2027 21/01/2029 28/10/2029 28/10/2029 26/06/2025 04/12/2025 29/09/2026 21/01/2029 28/10/2029 28/10/2029


44 17 61


(256) (386) (999) (14)


(273) (1,928)


60 17 77


(282) (382) (991) (139) -


(1,794)


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