Director/PDMR Shareholding

RNS Number : 1931H

Premier Foods plc

24 May 2011

 

Replaces RNS 1878H - released 24/05/2011 12:20 - Individual in the table updated

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 23^rd 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	Group IS & Change Director	257,578
Suzanne Wise	General Counsel & Company Secretary	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	Group IS & Change Director	301,861
Suzanne Wise	General Counsel & Company Secretary	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

24^th May 2011

 

END

 

 

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