Director/PDMR Shareholding

RNS Number : 5233O

Premier Foods plc

10 June 2022

 

10 June 2022 

Premier Foods plc (the "Company")

Notification of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated

2022 Deferred Bonus Plan Award

Pursuant to the Company's shareholder-approved Remuneration Policy, one-third of any annual bonus awarded to executive directors is delivered in the form of shares deferred for a three year period. On 9 June 2022 (the "Grant Date",) executive directors of the Company were granted deferred bonus awards, over shares of 10p each in the Company, under the Premier Foods Deferred Bonus Plan (the "DBP") as part of their annual bonus award for the financial year ended 2 April 2022.

Name	Title	Number of shares subject to option
Alex Whitehouse	Chief Executive Officer	177,160
Duncan Leggett	Chief Financial Officer	90,778

Each deferred bonus award is structured as a nil cost option to acquire shares for nil consideration. They will normally vest and become exercisable under the DBP on the third anniversary of the Grant Date and remain exercisable until the tenth anniversary of the Grant Date. No consideration was paid for the grant of the deferred bonus awards and no consideration shall be payable when a deferred bonus award is exercised. 

2022/23 Long Term Incentive Plan Award

On 9 June 2022 (the "Grant Date") the executive directors and members of the Executive Leadership Team of the Company (each a person discharging managerial responsibilities) were granted Performance Share Awards, over ordinary shares of 10p each in the Company, under the Premier Foods Long Term Incentive Plan (the "LTIP"), as set out below.

Name	Title	Number of shares subject to option
Alex Whitehouse	Chief Executive Officer	640,918
Duncan Leggett	Chief Financial Officer	293,230
Hannah Collyer	Corporate Affairs & ESG Director	154,993
Yilmaz Erceyes	Chief Marketing Officer	190,671
Mark Hughes	Procurement & Central Operations Director	216,336
Richard Martin	Chief Customer Officer	192,702
Simon Rose	General Counsel & Company Secretary	192,702
Paul Thompson	Operations Director	188,323
David Wilkinson	Human Resources Director	196,892

Each award is structured as a nil cost option to acquire shares for nil consideration. They will normally vest and become exercisable under the LTIP on the third anniversary of the Grant Date and remain exercisable until the day before the tenth anniversary of the Grant Date, subject to the participant continuing to hold an office or employment within the group and the achievement of two independent performance conditions. The first condition comprises of a relative total shareholder return based condition that will apply to 50% of the total number of shares held under an award and the second is an adjusted earnings per share based target that will apply to 50% of the total number of shares held under an award. No consideration was paid for the grant of the awards and no consideration shall be payable when an award is exercised. Further details of the 2022/23 LTIP award are set out on page 94 of the Company's annual report, that was published on the Group's website (www.premierfoods.co.uk) on 6 June 2022.

The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.

ENQUIRIES:

For further information please contact:

Simon Rose

General Counsel & Company Secretary

[phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alex Whitehouse
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Premier Foods plc
b)	LEI	213800ZD5I8XHNMCJA67
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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of award under the Premier Foods plc Deferred Bonus Plan
c)	Price(s) and volume(s) z	Price(s) Volume(s) Nil 177,160
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue
5	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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 640,918
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Duncan Leggett
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Premier Foods plc
b)	LEI	213800ZD5I8XHNMCJA67
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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of award under the Premier Foods plc Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 90,778
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue
5	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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 293,230
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hannah Collyer
2	Reason for the notification
a)	Position/status	Corporate Affairs & ESG Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Premier Foods plc
b)	LEI	213800ZD5I8XHNMCJA67
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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 154,993
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Yilmaz Erceyes
2	Reason for the notification
a)	Position/status	Chief Marketing Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Premier Foods plc
b)	LEI	213800ZD5I8XHNMCJA67
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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 190,671
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Hughes
2	Reason for the notification
a)	Position/status	Procurement & Central Operations Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Premier Foods plc
b)	LEI	213800ZD5I8XHNMCJA67
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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 216,336
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Martin
2	Reason for the notification
a)	Position/status	Chief Customer Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Premier Foods plc
b)	LEI	213800ZD5I8XHNMCJA67
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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 192,702
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Rose
2	Reason for the notification
a)	Position/status	General Counsel & Company Secretary
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Premier Foods plc
b)	LEI	213800ZD5I8XHNMCJA67
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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 192,702
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Thompson
2	Reason for the notification
a)	Position/status	Operations Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Premier Foods plc
b)	LEI	213800ZD5I8XHNMCJA67
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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 188,323
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Wilkinson
2	Reason for the notification
a)	Position/status	Human Resources Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Premier Foods plc
b)	LEI	213800ZD5I8XHNMCJA67
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 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053
b)	Nature of the transaction	Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 196,892
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 June 2022
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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