REG - Bakkavor Group PLC - Director/PDMR Shareholding

BakkavorAnnouncement

30/10/2020 13:05

RNS Number : 8021D
  
Bakkavor Group PLC
  
30 October 2020
  
 


30 OCTOBER 2020
 
NOTIFICATION DEALING WITH GRANT OF AWARDS TO PDMRS 
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
 
 
On 30 October 2020 the following awards over ordinary shares of 2 pence in Bakkavor Group plc were granted under the Bakkavor Group plc Long Term Incentive Plan to the following person discharging managerial responsibilities:
 
 




PDMR


No. of shares under Award


Type of Award




Pete Laport


354,823


Performance Share Award




Pete Laport


177,411


Restricted Share Award




 


 


 




 
The awards will ordinarily vest on the third anniversary of grant subject to the grantee's continued service and, in the case of the Performance Share Award, only to the extent to which the performance condition set for the award is satisfied. The performance condition shall measure the Company's total shareholder return over the three-year period commencing on 14 October 2020 relative to that of a bespoke group of comparator companies.
 
Details of the full notifications received by the Company are set out below.
 




1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Pete Laport




2


Reason for Notification




a)


Position/status


President and Chief Executive Officer of Bakkavor USA




b)


Initial notification/Amendment


Initial Announcement




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Bakkavor Group plc




b)


LEI


213800COL7AD54YU9949




4


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a)


Description of the financial instrument, type of instrument
 
Identification code 


Ordinary Shares of 2 pence each in Bakkavor Group plc
 
 
GB00BF8J3Z99




b)


Nature of the transaction


Grant of conditional share awards under the Bakkavor Group plc Long Term Incentive Plan. One award is a Performance Share Award and the other a Restricted Share Award both of which will ordinarily vest three years from the date of grant, subject to continued service. The Performance Share Award will only vest to the extent to which the total shareholder return performance condition is met. No performance conditions apply to the Restricted Share Award.




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil
 
 
Nil


354,823 Performance Share Award
 
177,411 Restricted Share Award




 




d)


Aggregated information
-     Aggregated volume
-     Price


 
 
 
532,234
Nil




e)


Date of the transaction


30 October 2020




f)


Place of the transaction


Outside a trading venue




 
 
 
 
 
-Ends-
Enquiries
Company Secretarial:
Annabel Tagoe-Bannerman, General Counsel and Company Secretary                                  +44(0)20 7908 6130
 
Institutional investors and analysts:
Sally Barret-Jolley, Head of Corporate Affairs                                                                           +44 (0) 20 7908 6143 
Media enquiries:
Tulchan Communications                                                                                                          +44 (0) 20 7353 4200
Will Smith
About Bakkavor 
Bakkavor is the leading provider in the large and fast-growing UK Fresh Prepared Food (FPF) market, which consists of the four categories of Meals, Salads, Desserts and Pizza & Bread, and has a growing international presence in the US and China. 
In the UK the Group is the number one producer by market share in all four FPF categories, supplying all of the UK's leading grocery retailers, including Tesco, Marks & Spencer, Sainsbury's and Waitrose.
The International segment has operations in the US and China, supplying both retail and foodservice customers. 
LEI number: 213800COL7AD54YU9949
 
 

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