Director/PDMR Shareholding

Bakkavor Group PLC

26 March 2024

 

Bakkavor Group PLC

Transaction by PDMR

26 March 2024

Bakkavor Group plc

(the 'Company' or 'Bakkavor')

Notification and public disclosure of transaction by PDMR

Bakkavor Group plc (LON: BAKK) announces that on 22 March 2024 ordinary shares of 2 pence each in the Company ('Shares') were acquired by the following person discharging managerial responsibilities ('PDMR') in connection with the exercise/settlement of vested awards held under the Company's Long Term Incentive Plans ("LTIP") as noted in the table below.

The table also notes the related same day sale by the PDMR of a number of the Shares to satisfy the related income tax and employees' national insurance liabilities ('Tax Liability') and Exercise Price (where relevant), together with the resulting net number of Shares retained.

PDMR	Award	Number of Shares acquired	Number of Shares sold for Tax Liability and Exercise Price	Number of Shares retained
Dave Selleck	2017 LTIP Award	106,167 at an Exercise Price of 76.4p per Share	91,910	14,257
Dave Selleck	2020 LTIP Awards	239,001 for nil cost	112,714	126,287

The information set out below is provided in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dave Selleck
2	Reason for Notification
a)	Position/status	Managing Director
b)	Initial notification/Amendment	Initial notification
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	1. Shares acquired for 76.4p per Share on the exercise of a vested option held under the Company's pre-IPO LTIP. 2. Shares acquired for nil consideration on the exercise of vested nil cost options held under the Company's LTIP.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.   76.4p 2.   Nil 1.   106,167 2.   239,001
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	22 March 2024
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dave Selleck
2	Reason for Notification
a)	Position/status	Managing Director
b)	Initial notification/Amendment	Initial notification
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	Disposals to cover Tax Liability and exercise costs (where relevant).
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.0275 204,624
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction Not applicable - single transaction
e)	Date of the transaction	22 March 2024
f)	Place of the transaction	London Stock Exchange (XLON)

ENQUIRIES

Institutional investors and analysts:

Ben Waldron, Chief Financial Officer

Richard Wooldridge, Interim Head of Investor Relations                                   [phone]

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

Financial media:                                                                                      [e-mail]

Katie Hunt, MHP                                                                                                [phone]

                                                                                                                           [phone]

Rachel Farrington, MHP                                                                                    [phone]

Oliver Hughes, MHP                                                                                          [phone]

About Bakkavor

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 44 sites across our three markets, supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China. Find out more at www.bakkavor.com.

LEI number: 213800COL7AD54YU9949

 

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