REG - Premier Foods plc Premier Foods Fin - Director/PDMR Shareholding
14/06/2024 12:00
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RNS Number : 5379S Premier Foods plc 14 June 2024
14 June
2024
Premier Foods plc (the "Company")
Notification of transactions by persons discharging managerial
responsibilities ("PDMRs") and persons closely associated ("PCAs")
2024 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 13 June 2024 (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
30 March 2024.
Name Title Number of shares subject to option
Alex Whitehouse Chief Executive Officer 167,586
Duncan Leggett Chief Financial Officer 95,841
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.
2024/25 Long Term Incentive Plan Award
On 13 June 2024 (the "Grant Date"), the executive directors and members of the
Executive Leadership Team of the Company (each a PDMR) were granted 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 678,421
Duncan Leggett Chief Financial Officer 349,187
Hannah Collyer Corporate Affairs & ESG Director 123,046
Jo Cullen Chief Information Officer 144,787
Yilmaz Erceyes Chief Marketing Officer 162,795
Richard Martin Chief Customer Officer 162,795
Simon Rose General Counsel & Company Secretary 158,361
Paul Thompson Chief Supply Chain Officer 183,382
David Wilkinson Human Resources Director 165,804
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. Details of the 2024/25 LTIP award are set out in the Company's
annual report, which can be viewed on the Group's website
(www.premierfoods.co.uk).
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
+44 (0) 1727 815 850
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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code 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 167,586
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 678,421
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
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 award under the Premier Foods plc Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 678,421
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code 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 95,841
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 349,187
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
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 award under the Premier Foods plc Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 349,187
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 123,046
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jo Cullen
2 Reason for the notification
a) Position/status Chief Information 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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 144,787
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 162,795
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 162,795
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 158,361
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
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 Chief Supply Chain 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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 183,382
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
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 Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc
Identification code ISIN: GB00B7N0K053
b) Nature of the transaction Grant of award under the Premier Foods plc Long Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 165,804
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 13 June 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
13 June 2024
f)
Place of the transaction
Outside a trading venue
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