REG - Hilton Food Grp Plc - Director/PDMR Shareholding

Hilton FoodAnnouncement

17/05/2022 15:00

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RNS Number : 8249L  Hilton Food Group PLC  17 May 2022

Notification 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                                Philip Heffer                                                            Nigel Majewski

 2    Reason for the notification

 a)   Position/status                    CEO                                                                      CFO

 b)   Initial notification /Amendment    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        Ordinary Shares of 10p each

      Identification code

                                                                         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 16 May 2025 subject to continued employment and
                                                                         meeting performance conditions covering the three financial years 2022-2024.
                                                                         The performance conditions will be based on:

                                                                         i)   EPS growth, carrying a 60% weighting;

                                                                         ii)  Relative TSR, carrying a 25% weighting, with 10% of this part of the
                                                                         Awards vesting for median TSR against the constituents of the FTSE 250
                                                                         (excluding investment trusts) rising pro-rata to 100% of this part of the
                                                                         Awards vesting for upper quartile TSR; and

                                                                         iii) ESG targets, carrying a 15% weighting.

                                                                         As the Board continues to work through the integration of a number of recent
                                                                         acquisitions, and noting the current volatile environment, the EPS and ESG
                                                                         performance targets will be set and disclosed via RNS as soon as practicable
                                                                         but not later than 30 September 2022.

 c)   Price(s) and volume(s)

 Name             Price(s)  Volume(s)
                                                                          Philip Heffer    Nil       82,849

                                                                   Nigel Majewski   Nil       19,030

 
 d)   Aggregated information

                                                                         Not applicable.

      - Aggregated volume

      - Price

 e)   Date of the transaction                                            16 May 2022

 f)   Place of the transaction                                           XOFF

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

Not applicable.

e)

 

Date of the transaction

 

16 May 2022

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 (mailto:cosec@hiltonfoodgroup.com)

Date of notification

16 May 2022

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