DBAY Advisors Limited agreed to acquire Finsbury Food Group Plc (AIM:FIF) from John Duffy, Steve Boyd, Marnie Millard, Peter Baker, Robert Beveridge and others for approximately £140 million on September 20, 2023. The offer per share is 110 pence in cash per Share at approximately £143.4 million, based on an issued share capital of 130.38 million Finsbury Shares. The transaction is subject to Approval by Scheme Shareholders at the Court Meeting and passing of Resolutions at the General Meeting, Court sanction of the Scheme and the Scheme becoming Effective by the Long Stop Date. The cash consideration payable to the Finsbury Shareholders under the terms of the Cash Offer will be financed by a combination of equity to be invested by funds managed by DBAY and debt to be provided under the Facilities Agreement. Autorité de la Concurrence (the "French Competition Authority") has approved the transaction. The long stop date of the transaction is January 31, 2024.

Gary Clarence and Harry Hargreaves of Investec Bank plc acted as financial advisor and Addleshaw Goddard LLP acted as legal advisor to DBAY Advisors Limited. James Murray and Anthony Sills of Oppenheimer Europe Ltd. and Dominic Morley, Atholl Tweedie, and Rupert Dearden of Panmure Gordon & Co Limited acted as financial advisor to Finsbury Food Group Plc (AIM:FIF). CMS Cameron McKenna Nabarro Olswang LLP acted as legal advisor to Finsbury Food Group Plc (AIM:FIF).