REG - Premier Foods plc Premier Foods Fin - Director/PDMR Shareholding
09/06/2023 15:45
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230609:nRSI2951Ca&default-theme=true
RNS Number : 2951C Premier Foods plc 09 June 2023
9 June
2023
Premier Foods plc (the "Company")
Notification of transactions by persons discharging managerial
responsibilities (PDMRs) and persons closely associated
2023 Deferred Bonus Plan Award
Pursuant to the Company's shareholder-approved Remuneration Policy, one-third
of any annual bonus awarded to executive directors is delivered in the form of
shares deferred for a three-year period. On 8 June 2023 (the "Grant Date"),
executive directors of the Company were granted deferred bonus awards, over
shares of 10p each in the Company, under the Premier Foods Deferred Bonus Plan
(the "DBP") as part of their annual bonus award for the financial year ended 1
April 2023.
Name Title Number of shares subject to option
Alex Whitehouse Chief Executive Officer 165,616
Duncan Leggett Chief Financial Officer 90,926
Each deferred bonus award is structured as a nil cost option to acquire shares
for nil consideration. They will normally vest and become exercisable under
the DBP on the third anniversary of the Grant Date and remain exercisable
until the tenth anniversary of the Grant Date. No consideration was paid for
the grant of the deferred bonus awards and no consideration shall be payable
when a deferred bonus award is exercised.
2023/24 Long Term Incentive Plan Award
On 8 June 2023 (the "Grant Date"), the executive directors and members of the
Executive Leadership Team of the Company (each a person discharging managerial
responsibilities) were granted awards over ordinary shares of 10p each in the
Company, under the Premier Foods Long Term Incentive Plan (the "LTIP"), as set
out below.
Name Title Number of shares subject to option
Alex Whitehouse Chief Executive Officer 603,403
Duncan Leggett Chief Financial Officer 276,066
Hannah Collyer Corporate Affairs & ESG Director 145,921
Yilmaz Erceyes Chief Marketing Officer 193,058
Mark Hughes Procurement & Central Operations Director 203,673
Richard Martin Chief Customer Officer 193,058
Simon Rose General Counsel & Company Secretary 187,800
Paul Thompson Operations Director 199,068
David Wilkinson Human Resources Director 196,627
Each award is structured as a nil cost option to acquire shares for nil
consideration. They will normally vest and become exercisable under the LTIP
on the third anniversary of the Grant Date and remain exercisable until the
day before the tenth anniversary of the Grant Date, subject to the participant
continuing to hold an office or employment within the group and the
achievement of two independent performance conditions. The first condition
comprises of a relative total shareholder return based condition that will
apply to 50% of the total number of shares held under an award and the second
is an adjusted earnings per share based target that will apply to 50% of the
total number of shares held under an award. No consideration was paid for the
grant of the awards and no consideration shall be payable when an award is
exercised. Subject to shareholder approval of the 2023 Directors' Remuneration
Policy at the AGM on 20 July 2023, a further award will be made to executive
directors following the meeting to reflect their increased LTIP opportunities.
Details of the 2023/24 LTIP award and the 2023 Directors' Remuneration Policy
are set out in the Company's annual report, which can be viewed on the Group's
website (www.premierfoods.co.uk).
The notifications set out below are provided in accordance with the
requirements of the Market Abuse Regulation.
ENQUIRIES:
For further information please contact:
Simon Rose
General Counsel & Company Secretary
+44 (0) 1727 815 850
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Alex Whitehouse
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Premier Foods plc
b) LEI 213800ZD5I8XHNMCJA67
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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 165,616
z
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
5 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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 603,403
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
5
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 ("Shares") in the capital of Premier Foods plc
ISIN: GB00B7N0K053
b)
Nature of the transaction
Grant of award under the Premier Foods plc Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 603,403
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Duncan Leggett
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Premier Foods plc
b) LEI 213800ZD5I8XHNMCJA67
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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 90,926
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
5 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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 276,066
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
5
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 ("Shares") in the capital of Premier Foods plc
ISIN: GB00B7N0K053
b)
Nature of the transaction
Grant of award under the Premier Foods plc Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 276,066
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Hannah Collyer
2 Reason for the notification
a) Position/status Corporate Affairs & ESG Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Premier Foods plc
b) LEI 213800ZD5I8XHNMCJA67
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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 145,921
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Yilmaz Erceyes
2 Reason for the notification
a) Position/status Chief Marketing Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Premier Foods plc
b) LEI 213800ZD5I8XHNMCJA67
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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 193,058
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Hughes
2 Reason for the notification
a) Position/status Procurement & Central Operations Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Premier Foods plc
b) LEI 213800ZD5I8XHNMCJA67
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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 203,673
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Richard Martin
2 Reason for the notification
a) Position/status Chief Customer Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Premier Foods plc
b) LEI 213800ZD5I8XHNMCJA67
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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 193,058
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Simon Rose
2 Reason for the notification
a) Position/status General Counsel & Company Secretary
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Premier Foods plc
b) LEI 213800ZD5I8XHNMCJA67
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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 187,800
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Thompson
2 Reason for the notification
a) Position/status Operations Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Premier Foods plc
b) LEI 213800ZD5I8XHNMCJA67
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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 199,068
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Wilkinson
2 Reason for the notification
a) Position/status Human Resources Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Premier Foods plc
b) LEI 213800ZD5I8XHNMCJA67
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 ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 196,627
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8 June 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 June 2023
f)
Place of the transaction
Outside a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHSSUFLUEDSEDMRecent news on Premier Foods
See all newsREG - Premier Foods plc Premier Foods Fin - Block listing Interim Review
AnnouncementREG - Premier Foods plc Premier Foods Fin - Total Voting Rights
AnnouncementREG - Premier Foods plc Premier Foods Fin - Director/PDMR Shareholding
AnnouncementREG - Premier Foods plc Premier Foods Fin - Director/PDMR Shareholding
AnnouncementREG - Premier Foods plc Premier Foods Fin - Director/PDMR Shareholding
Announcement