REG - Bakkavor Group PLC - Director/PDMR Shareholding

BakkavorAnnouncement

26/03/2024 13:15

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RNS Number : 3707I  Bakkavor Group PLC  26 March 2024

Bakkavor Group PLC

Transaction by PDMR

26 March 2024

 

Bakkavor Group plc

(the 'Company' or 'Bakkavor')

Notification and public disclosure of transaction by PDMR

Bakkavor Group plc (LON: BAKK) announces that on 22 March 2024 ordinary shares
of 2 pence each in the Company ('Shares') were acquired by the following
person discharging managerial responsibilities ('PDMR') in connection with the
exercise/settlement of vested awards held under the Company's Long Term
Incentive Plans ("LTIP") as noted in the table below.

The table also notes the related same day sale by the PDMR of a number of the
Shares to satisfy the related income tax and employees' national insurance
liabilities ('Tax Liability') and Exercise Price (where relevant), together
with the resulting net number of Shares retained.

 PDMR          Award             Number of Shares acquired                        Number of Shares sold for Tax Liability and Exercise Price  Number of Shares retained
 Dave Selleck  2017 LTIP Award   106,167 at an Exercise Price of 76.4p per Share  91,910                                                      14,257

 Dave Selleck  2020 LTIP Awards  239,001 for nil cost                             112,714                                                     126,287

The information set out below is provided in accordance with the requirements
of Article 19(3) of the UK Market Abuse Regulation.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Dave Selleck
 2   Reason for Notification
 a)  Position/status                                              Managing Director
 b)  Initial notification/Amendment                               Initial notification
 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  Ordinary shares of 2 pence each in Bakkavor Group plc

     Identification code                                          GB00BF8J3Z99
 b)  Nature of the transaction                                    1. Shares acquired for 76.4p per Share on the exercise of a vested option held
                                                                  under the Company's pre-IPO LTIP.

                                                                  2. Shares acquired for nil consideration on the exercise of vested nil cost
                                                                  options held under the Company's LTIP.
 c)  Price(s) and volume(s)                                       Price(s)      Volume(s)

                                                            1.   76.4p    1.   106,167

                                                                  2.   Nil      2.   239,001

 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transaction

     -  Price
 e)  Date of the transaction                                      22 March 2024
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transaction

e)

Date of the transaction

22 March 2024

f)

Place of the transaction

Outside of a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Dave Selleck
 2   Reason for Notification
 a)  Position/status                                              Managing Director
 b)  Initial notification/Amendment                               Initial notification
 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  Ordinary shares of 2 pence each in Bakkavor Group plc

     Identification code                                          GB00BF8J3Z99
 b)  Nature of the transaction                                    Disposals to cover Tax Liability and exercise costs (where relevant).
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            £1.0275   204,624

 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transaction

     -  Price                                                     Not applicable - single transaction
 e)  Date of the transaction                                      22 March 2024
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transaction

Not applicable - single transaction

e)

Date of the transaction

22 March 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

ENQUIRIES

Institutional investors and analysts:

Ben Waldron, Chief Financial Officer

Richard Wooldridge, Interim Head of Investor Relations
                   +44 (0) 20 7908 6114

Annabel Tagoe-Bannerman, Group General Counsel & Company Secretary   +44
(0) 20 7908 6130
 
 

 

Financial media:
                                                                                     bakkavor@mhpgroup.com
(mailto:bakkavor@mhpgroup.com)

Katie Hunt, MHP
 
    +44 (0) 20 3128 8100

 
 
                   +44 (0) 7884 494 112

Rachel Farrington, MHP
                                              +44 (0)
7801 894 577

Oliver Hughes, MHP
 
  +44 (0) 7885 224 532

 

About Bakkavor

We are the leading provider of fresh prepared food in the UK, and our presence
in the US and China positions the Group well in these high-growth markets. We
leverage our consumer insight and scale to provide innovative food that offers
quality, choice, convenience, and freshness. Around 18,000 colleagues operate
from 44 sites across our three markets, supplying a portfolio of over 3,000
products across meals, pizza & bread, salads and desserts to leading
grocery retailers in the UK and US, and international food brands in China.
Find out more at www.bakkavor.com (http://www.bakkavor.com) .

 

LEI number: 213800COL7AD54YU9949

 

 

 

 

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