Director/PDMR Shareholding

RNS Number : 1878H
Premier Foods plc
24 May 2011
 



Premier Foods plc (the "Company")

24 May 2011

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND OTHER PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

This notification is made in accordance with DR 3.1.4R(1)(a).

 

On 23rd May 2011 (the "Grant Date") the following directors of the Company and other persons discharging managerial responsibility were granted the following awards under the Premier Foods Long Term Incentive Plan (the "Plan"):

 

Matching Share Awards

 

Matching Share Awards are structured as nil-cost options ("Options") to acquire ordinary shares of £0.01 each in the capital of the Company for nil consideration as set out below.

 

Individual

Director/PDMR

Number of shares subject to Options

Robert Schofield

Chief Executive Officer

     1,407,474

Jim Smart

Chief  Financial Officer

        997,220

Tim Kelly

Chief Operating Officer

        899,176

Brain Carlton

Group HR Director

        257,430

Mark Hughes

Group Procurement Director

        317,472

Andrew Peeler

Director of Finance & Business Services

        198,398

Bob Spooner

Group Operations Director

        433,802

Mark Vickery Suzanne Wise

Group IS & Change Director

        257,578

Suzanne Wise

General Counsel & Company Secretary Group Sales Director

        354,620

Ian York

Group Sales Director

        220,868

 

Matching Share Awards were granted on the condition that prior to the Grant Date an eligible employee agreed to commit an existing holding of, or interest in, ordinary shares in the Company as Investment Shares under the Plan up until the date of vesting of the Matching Share Award. 

 

The Options will normally be exercisable between the third anniversary of the Grant Date and the day before the fifth anniversary of the Grant Date subject to continued employment, retention of the linked Investment Shares in the Company and the achievement of a share price based performance target.

 

Performance Share Awards

 

Performance Share Awards are structured as Options to acquire ordinary shares of £0.01 each in the capital of the Company for nil consideration as set out below.

 

Individual

Director/PDMR

Number of shares subject to Options

Robert Schofield

Chief Executive Officer

      1,407,475

Jim Smart

Chief  Financial Officer

         997,223

Tim Kelly

Chief Operating Officer

         899,180

Brain Carlton

Group HR Director

         257,430

Jon Goldstone

Group Marketing Director

         307,715

Mark Hughes

Group Procurement Director

         317,472

Andrew Peeler

Director of Finance & Business Services

         353,872

Bob Spooner

Group Operations Director

         433,803

Mark Vickery Suzanne Wise

Group IS & Change Director

         301,861

Suzanne Wise

General Counsel & Company Secretary Group Sales Director

         354,623

Ian York

Group Sales Director

         430,801

 

The Options will normally be exercisable between the third anniversary of the Grant Date and the day before the fifth anniversary of the Grant Date subject to continued employment and the achievement of an earnings per share based performance target.  No consideration was paid for the grant of the Performance Share Awards. 

 

 

 

Suzanne Wise

General Counsel & Company Secretary

01727 815850

 

24th May 2011

 

 

 


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