Director/PDMR Shareholding

RNS Number : 6921K

Premier Foods plc

26 June 2014

 



26 June 2014

Premier Foods plc (the "Company")

Share Interests of directors and Persons Discharging Managerial Responsibilities (PDMRs)

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

2014 Long Term Incentive Plan

On 25 June 2014 (the "Grant Date") executive directors and members of the Group Executive of the Company 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.

		Number of shares subject to options
Gavin Darby	CEO	2,629,107
Alastair Murray	CFO	1,126,760
Ian Deste	PDMR	563,380
Mark Hughes	PDMR	440,632
Richard Johnson	PDMR	383,098
Andrew McDonald	PDMR	413,145
Mark Vickery	PDMR	394,640

Performance Share Awards are structured as nil cost options 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 fifth 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 two-thirds of the total number of shares held under an award and the second is an earnings per share based target that will apply to one-third of the total number of shares held under an award. No consideration was paid for the grant of the Performance Share Awards and no consideration shall be payable when a Performance Share Award is exercised. 

For further information please contact:

Premier Foods plc	[phone]
Andrew McDonald,  General Counsel & Company Secretary

 

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