Director/PDMR Shareholding

RNS Number : 3079E

Premier Foods plc

08 April 2014

Premier Foods plc

Transactions in shares by Directors and Persons Discharging Managerial Responsibilities ("PDMRs")

Premier Foods plc (the "Company") today announces that its Directors and PDMRs have taken up, in full, their entitlement to acquire shares under the Rights Issue. Taken together with the investment by Directors in the Placing announced on 24 March 2014, this amounts to a personal investment by Directors and PDMRs of over £2 million in the share capital of the Company.

Under the Placing, directors of the Company and/or their connected persons acquired ordinary shares of 10 pence each in the Company (the "Shares") at 130 pence per Share, cum rights, on 24 March 2014. Under the Rights Issue, qualifying shareholders had the right to buy 8 new Shares for every 5 existing Shares held on the record date of 20 March 2014 at a price of 50 pence per new ordinary share.

The table below shows the number of Shares acquired by the Directors of the Company under the Placing and the Rights Issue and the total number of shares held by the Directors, or their connected persons, in the Company following the Rights Issue.

Name of director	Holding as at 4 March 2014	Placing Shares acquired	Total number of rights taken up	Total beneficial holding following the Rights Issue	Total percentage of issued share capital
David Beever	31,900	11,538	69,500	112,938	0.014%
Gavin Darby	750,268	240,769	1,585,658	2,614,709¹	0.317%
Alastair Murray	-	119,047	190,475	309,522	0.038%
Ian Krieger	20,000	20,000	64,000	104,000	0.013%
Jennifer Laing	16,078	5,000	33,724	54,802	0.007%
Charles Miller Smith	325,027	76,923	643,119	1,045,069²	0.127%
Pam Powell	-	33,076	52,921	85,997	0.010%
David Wild	5,000	25,000	48,000	78,000	0.009%

Note 1: Gavin Darby acquired an additional 38,014 shares on 31 March 2014 from the net proceeds of his annual bonus earned in respect of 2013.

Note 2: 845,070 shares of Charles Miller Smith's holding are represented by one or more contracts for difference.

The table below shows the number of shares acquired by the PDMRs of the Company under the Rights Issue and the total number of shares held by PDMRs, or their connected persons, in the Company following the Rights Issue.

Name of PDMR	Holding as at 4 March 2014	Total number of rights taken up	Total beneficial holding following the Rights Issue	Total percentage of issued share capital
Ian Deste	73,897	117,876	191,773	0.023%
Mark Hughes	30,873	49,396	80,269	0.010%
Richard Johnson	20,000	32,000	52,000	0.006%
Andrew McDonald	4,108	6,572	10,680	0.001%
Bob Spooner	80,000	128,000	208,000	0.025%
Mark Vickery	37,119	59,389	96,508	0.012%