REG - Premier Foods plc Premier Foods Fin - Director/PDMR Shareholding

Premier FoodsAnnouncement

03/08/2023 13:00

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RNS Number : 2367I  Premier Foods plc  03 August 2023

3 August
2023

 

Premier Foods plc (the "Company")

 

Notification of transactions by persons discharging managerial
responsibilities (PDMRs) and persons closely associated.

 

2023/24 Long Term Incentive Plan Award

As part of the Company's 2023 Directors' Remuneration Policy, shareholder
approval was sought to increase the LTIP opportunity for the CEO from 150% of
base salary to 200% and for the CFO from 100% of base salary to 150% of base
salary.

 

Initial 2023/24 LTIP awards were granted to the two executive directors on 8
June 2023 up to the limit allowed for under the 2020 Directors' Remuneration
Policy.

 

Following shareholder approval for the 2023 Directors' Remuneration Policy at
the AGM held on 20 July 2023, on 2 August 2023 (the "Grant Date"), the
following additional 2023/24 LTIP awards were granted to the two executive
directors, (each a person discharging managerial responsibilities), over
ordinary shares of 10p each in the Company, under the Premier Foods Long Term
Incentive Plan (the "LTIP").

 

 Name              Title                     Number of shares subject to option

 Alex Whitehouse   Chief Executive Officer   208,657
 Duncan Leggett    Chief Financial Officer   143,197

 

To ensure consistency with the initial 2023/24 LTIP award, the same
performance conditions and performance period has been applied as outlined in
the Annual Remuneration Report.

 

Each award is structured as a nil cost option to acquire shares for nil
consideration. No consideration was paid for the grant of the awards and no
consideration shall be payable when an award is exercised.

 

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 Long Term Incentive Plan
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            Nil       208,657

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      2 August 2023
 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

e)

Date of the transaction

2 August 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 Long Term Incentive Plan
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            Nil       143,197

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      2 August 2023
 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

e)

Date of the transaction

2 August 2023

f)

Place of the transaction

Outside a trading venue

 

 

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