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8 Apr 2014 08:37
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% |
This announcement is in accordance with DTR 3.1.4R and relates to transactions notified to the Company in accordance with DTR 3.1.2R.
8 April 2014
ENQUIRIES:
Premier Foods plc +44 (0) 1727 815 850Andrew McDonaldGeneral Counsel & Company Secretary
Credit Suisse +44 (0) 20 7888 8888 Ian Carnegie-BrownStuart FieldKaan Kesedar
Jefferies International Limited +44 (0) 20 7029 8000Paul NichollsNeil CollingridgeLee Morton
HSBC +44 (0) 20 7991 8888Nick DonaldStuart DicksonJames Horsburgh
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