REG - Premier Foods plc Premier Foods Fin - Director/PDMR Shareholding
10/06/2022 15:15
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RNS Number : 5233O Premier Foods plc 10 June 2022
10 June
2022
Premier Foods plc (the "Company")
Notification of transactions by persons discharging managerial
responsibilities (PDMRs) and persons closely associated
2022 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 9 June 2022 (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 2
April 2022.
Name Title Number of shares subject to option
Alex Whitehouse Chief Executive Officer 177,160
Duncan Leggett Chief Financial Officer 90,778
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.
2022/23 Long Term Incentive Plan Award
On 9 June 2022 (the "Grant Date") the executive directors and members of the
Executive Leadership Team of the Company (each a person discharging managerial
responsibilities) were granted Performance Share 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 640,918
Duncan Leggett Chief Financial Officer 293,230
Hannah Collyer Corporate Affairs & ESG Director 154,993
Yilmaz Erceyes Chief Marketing Officer 190,671
Mark Hughes Procurement & Central Operations Director 216,336
Richard Martin Chief Customer Officer 192,702
Simon Rose General Counsel & Company Secretary 192,702
Paul Thompson Operations Director 188,323
David Wilkinson Human Resources Director 196,892
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. Further details of the 2022/23 LTIP award are set out on page 94 of
the Company's annual report, that was published on the Group's website
(www.premierfoods.co.uk) on 6 June 2022.
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 177,160
z
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 640,918
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 640,918
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 90,778
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 293,230
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 293,230
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 154,993
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 190,671
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 216,336
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 192,702
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 192,702
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 188,323
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
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 a Performance Share Award under the Premier Foods plc Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 196,892
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 9 June 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
9 June 2022
f)
Place of the transaction
Outside a trading venue
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