REG - Hilton Food Grp Plc - Director/PDMR Shareholding

Hilton FoodAnnouncement

15/05/2023 17:15

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RNS Number : 4725Z  Hilton Food Group PLC  15 May 2023

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                                                                  Steve Murrells                                Matt Osborne

 2    Reason for the notification

 a)   Position/status                    CEO                                                                            CEO elect                                                                                   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        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 15 May 2026 subject to continued employment and
                                                                         meeting performance conditions covering the three financial years 2023-2025.
                                                                         The performance conditions comprise:

Metric                                                                  Weighting  Threshold     10% vesting               Maximum   100% vesting
                                                                         EPS                                                                     60%        11% growth       per annum              17% growth      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%         35% reduction over 3 years              52% reduction over 3 years
                                                                         ii)    Scope 3 energy efficiency                                        5%         21% reduction over 3 years              33% reduction over 3 years
                                                                         iii)   People metrics- diversity and  engagement                        5%         Specific measures by geography to be assessed by the Remuneration Committee

 

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

 c)   Price(s) and volume(s)

 Name             Price(s)  Volume(s)
                                                                          Philip Heffer    nil       100,406

                                                                   Steve Murrells   nil       182,039
                                                                          Matt Osborne     nil       55,479

 
 d)   Aggregated information

                                                                         Not applicable.

      - Aggregated volume

      - Price

 e)   Date of the transaction                                            15 May 2023

 f)   Place of the transaction                                           XOFF

 

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

 

 

c)

 

Price(s) and volume(s)

 

 

 

  Name             Price(s)  Volume(s)
  Philip Heffer    nil       100,406
  Steve Murrells   nil       182,039
  Matt Osborne     nil       55,479

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

Not applicable.

e)

 

Date of the transaction

 

15 May 2023

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

15 May 2023

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