Last checked at 12 Apr 2022 14:35
Bakkavor Group plc
Transaction by PDMR
12 April 2022
Bakkavor Group plc
(the 'Company' or 'Bakkavor')
Vesting of conditional awards under the Bakkavor Group plc Long Term Incentive Plan ("LTIP") / Notification and public disclosure of transaction by PDMR
Bakkavor Group plc (LON: BAKK) announces that on 9 April 2022 the Company's Chief Financial Officer, Ben Waldron, acquired 53,522 ordinary shares of 2 pence each in the Company for nil consideration upon the vesting of an award granted under the Company's LTIP in April 2019.
The award was settled with existing shares sourced from the Company's employee benefit trust.
Mr Waldron elected to settle the income tax and NIC liability due in connection with the settlement of the award with personal funds and accordingly retained the full number of shares vesting to him under the award.
The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ben Waldron | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Bakkavor Group plc | ||||
b) | LEI | 213800COL7AD54YU9949 | ||||
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 2 pence each in Bakkavor Group plc GB00BF8J3Z99 | ||||
b) | Nature of the transaction | Settlement of a conditional award under the Company LTIP that vested on 9 April 2022 in respect of 53,522 ordinary shares. Existing shares acquired for nil consideration. No related sales for tax liability. | ||||
c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transactions | ||||
e) | Date of the transaction | 9 April 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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Enquiries
Company Secretarial:
Annabel Tagoe-Bannerman, Group General Counsel and Company Secretary +44 (0) 20 7908 6130
Institutional investors and analysts:
Emily Daw, Head of Investor Relations +44 (0) 20 7908 6114
About Bakkavor
Bakkavor is the leading provider of fresh prepared food ("FPF") in the UK, with a growing international presence in the US and China. The Group is the number one by market share in the UK in the four FPF product categories of meals, salads, desserts and pizza & bread, providing high-quality, fresh, healthy and convenient food. Its customers include every major UK grocery retailer, including Tesco, Marks & Spencer, Sainsbury's and Waitrose, and some of the world's best-known food brands. Bakkavor was founded in 1986 and has its headquarters in London. The Group has c.19,000 employees and operates 23 factories in the UK, 5 in the US and 9 in China.
LEI number: 213800COL7AD54YU9949