REG - Hilton Food Grp Plc - Director/PDMR Shareholding

Hilton FoodAnnouncement

13/05/2024 16:00

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RNS Number : 2301O  Hilton Food Group PLC  13 May 2024

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                               Steve Murrells                                                               Matt Osborne                               Philip Heffer

 2    Reason for the notification

 a)   Position/status                    CEO                                                                         CFO                                                                                    Advisor to the Board

 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 13 May 2027 subject to continued employment and
                                                                         meeting performance conditions covering the three financial years 2024-2026.
                                                                         The performance conditions comprise:

Metric                                                                     Weighting  Threshold     10% vesting        Maximum   100% vesting
                                                                         EPS                                                                        60%        7% growth       per annum        14% 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%         43% reduction over 3 years       53% reduction over 3 years
                                                                         ii)    Scope 3 energy efficiency                                           5%         16% reduction over 3 years       19% reduction over 3 years
                                                                         iii)   Proportion of high risk suppliers with valid SMETA Audit            2%          Increase to 80% after 3 years   Increase to 100% after 3 years
                                                                         iv)   Proportion of employees who 'feel they can be themselves at work'    1.5%       2% increase over 3 years         11% increase over 3 years
                                                                         v)    Proportion of leadership roles filled by women                       1.5%       6% increase over 3 years         11% increase over 3 years

 

                                                                         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)
                                                                          Steve Murrells    nil       148,026

                                                                    Matt Osborne     nil       59,613
                                                                           Philip Heffer    nil       73,421

 
 d)   Aggregated information

                                                                         Not applicable.

      - Aggregated volume

      - Price

 e)   Date of the transaction                                            13 May 2024

 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)
  Steve Murrells    nil       148,026
   Matt Osborne     nil       59,613
   Philip Heffer    nil       73,421

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

Not applicable.

e)

 

Date of the transaction

 

13 May 2024

f)

 

Place of the transaction

 

XOFF

 

Name of authorised official of issuer responsible for making notification:

Neil George, Company Secretary, Tel. +44 (0) 1480 387214, email:
cosec@hiltonfoodgroup.com (mailto:cosec@hiltonfoodgroup.com)

Date of notification

13 May 2024

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