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

Premier FoodsAnnouncement

07/12/2023 12:00

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RNS Number : 0511W  Premier Foods plc  07 December 2023

 

7 December
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

Following her appointment to the Executive Leadership Team of the Company in
November 2023, Jo Cullen (a person discharging managerial responsibilities)
was granted an award over ordinary shares of 10p each in the Company, under
the Premier Foods Long Term Incentive Plan (the "LTIP") on 6 December 2023
(the "Grant Date"), as set out below.

 

 Name       Title                      Number of shares subject to option

 Jo Cullen  Chief Information Officer  70,738

 

The award is structured as a nil cost option to acquire shares for nil
consideration. It 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 award and no consideration shall be payable when the award is
exercised. Details of the 2023/24 LTIP award are set out in the Company's
FY22/23 Annual Report, which can be viewed on the Group's website
(www.premierfoods.co.uk).

 

The notification set out below is 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                                                         Jo Cullen
 2    Reason for the notification
 a)   Position/status                                              Chief Information 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       70,738

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      6 December 2023
 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

e)

Date of the transaction

6 December 2023

f)

Place of the transaction

Outside a trading venue

 

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