Director/PDMR Shareholding

RNS Number : 1179C

Bakkavor Group PLC

14 October 2020

 

14 October 2020

NOTIFICATION DEALING WITH GRANT OF AWARDS TO PDMRS

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 14 October 2020 the following awards over (or in relation to) ordinary shares of 2 pence in Bakkavor Group plc were granted under the Bakkavor Group plc Deferred Annual Bonus Plan to the following person(s) discharging managerial responsibilities:

PDMR	No. of shares (or notional shares) under Award	Type of Award
Agust Gudmundsson	49,960	Cash Conditional Award
Peter Gates	48,607	Nil cost Option

The awards will ordinarily become exercisable (or vest as relevant) on the third anniversary of grant subject to the grantee's continued service.

To the extent the Cash Conditional Award vests a cash payment will be made equal to the value of the notional shares.

To the extent the Nil cost Option is exercised ordinary shares will be acquired.

Details of the full notifications received by the Company are set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Agust Gudmundsson
2	Reason for Notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bakkavor Group plc
b)	LEI	213800COL7AD54YU9949
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 Identification code	Ordinary Shares of 2 pence each in Bakkavor Group plc GB00BF8J3Z99
b)	Nature of the transaction	A cash conditional award relating to notional shares granted under the Bakkavor Group Plc Deferred Annual Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 49,960
d)	Date of the transaction	14 October 2020
e)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Gates
2	Reason for Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bakkavor Group plc
b)	LEI	213800COL7AD54YU9949
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 Identification code	Ordinary Shares of 2 pence each in Bakkavor Group plc GB00BF8J3Z99
b)	Nature of the transaction	A nil cost option over ordinary shares granted under the Bakkavor Group Plc Deferred Annual Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 48,607
d)	Date of the transaction	14 October 2020
d)	Place of the transaction	Outside a trading venue

-Ends-

Enquiries

Company Secretarial:

Annabel Tagoe-Bannerman, General Counsel and Company Secretary      [phone]

Institutional investors and analysts:

Sally Barret-Jolley, Head of Corporate Affairs  [phone]

Media enquiries:

Tulchan Communications   [phone]

Will Smith

About Bakkavor  

Bakkavor is the leading provider in the large and fast-growing UK Fresh Prepared Food (FPF) market, which consists of the four categories of Meals, Salads, Desserts and Pizza & Bread, and has a growing international presence in the US and China.

In the UK the Group is the number one producer by market share in all four FPF categories, supplying all of the UK's leading grocery retailers, including Tesco, Marks & Spencer, Sainsbury's and Waitrose.

The International segment has operations in the US and China, supplying both retail and foodservice customers.

LEI number: 213800COL7AD54YU9949

 

END

 

 

DSHFLFEEIILSLII