REG - Hilton Food Grp Plc - Director/PDMR Shareholding

Hilton FoodAnnouncement

15/09/2022 12:15

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RNS Number : 6323Z  Hilton Food Group PLC  15 September 2022

 

Hilton Food Group plc

 

Director/PDMR Shareholding

 

 

On 17 May 2022, Hilton disclosed the grant of awards of Shares to Executive
Directors under the Hilton Food Group Long-Term Incentive Plan 2019. For the
first time, the Group's Long-Term Incentive Plan contains a significant ESG
element. This is to ensure that Executive Directors are incentivised to
achieve continued delivery against the Group's sustainable protein plan.

 

The details of the Relative TSR targets were published in May. However, as a
result of the Board working through the integration of a number of
acquisitions, the Board agreed to set and disclose the EPS and ESG targets
post grant albeit no later than 30 September 2022.

 

Hilton is now able to confirm the complete performance conditions covering the
three financial years 2022-2024 as follows.

 

 Metric                                                                  Weighting  Threshold                     Maximum 100% vesting

                                                                                    10% vesting

 EPS                                                                     60%        5% growth                     12% growth

                                                                                    per annum                     per annum

 Relative TSR compared with the constituents of the FTSE 250 (excluding  25%        Median                        Upper quartile
 investment trusts)

 ESG
 i)     Scope 1 & 2 energy efficiency                                    5%         6.5% reduction over 3 years   43.9% reduction over 3 years

 ii)    Packaging recycled content                                       5%         11.7% increase over 3 years   28.3% increase over 3 years

 iii)   Food waste                                                       5%         15.0% reduction over 3 years  30.0% reduction over 3 years

 

Vesting for all the performance conditions above increase rise pro-rata
between threshold and maximum limits.

 

Further details of the awards will be set out in the next Directors'
Remuneration Report in respect of the 2022 financial year.

 

For further enquiries please contact:

 

Neil George

Company Secretary

Tel.: +44 (0) 1480 387207, email: cosec@hiltonfoodgroup.com
(mailto:cosec@hiltonfoodgroup.com)

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