REG - Hilton Food Grp Plc - Director/PDMR Shareholding
RNS Number : 4771AHilton Food Group PLC29 September 2020Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Robert Watson
Philip Heffer
Nigel Majewski
2
Reason for the notification
a)
Position/status
Executive Chairman
CEO
CFO
b)
Initial notification /Amendment
Initial notification
Initial notification
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Hilton Food Group plc
b)
LEI
213800JY7VJFS2OOX355
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 10p each
HFG - GB00B1V9NW54
b)
Nature of the transaction
Grant of Awards of Shares to Directors under the Hilton Food Group Long-Term Incentive Plan 2019.
Awards will normally vest on 28 September 2023 subject to continued employment and meeting performance conditions covering the three financial years 2020-2022. The performance conditions include:
i) EPS growth, carrying a 70% weighting, with threshold growth of 6% per annum where 10% of the options will vest rising to EPS growth of at least 12% per annum where 100% of the options will vest; and
ii) TSR growth, carrying a 30% weighting, with threshold vesting for median performance against the constituents of the FTSE 250 (excluding investment trusts) where 10% of the options will vest rising to TSR growth of at least upper quartile performance where 100% of the options will vest.
c)
Price(s) and volume(s)
Name
Price(s)
Volume(s)
Robert Watson
nil
58,446
Philip Heffer
nil
72,981
Nigel Majewski
nil
59,115
d)
Aggregated information
- Aggregated volume
- Price
Not applicable.
e)
Date of the transaction
28 September 2020
f)
Place of the transaction
XOFF
Name of authorised official of issuer responsible for making notification:
Neil George, Company Secretary, Tel. +44 (0) 1480 387207, email: cosec@hiltonfoodgroup.com
Date of notification
29 September 2020
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