Last checked at 14 Jun 2017 13:00
14 June 2017
Premier Foods plc (the "Company")
Notification of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated
2017 Long Term Incentive Plan Award
On 13 June 2017 (the "Grant Date") executive directors and members of the Executive Leadership Team 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.
Name | Title | Number of shares subject to options |
Gavin Darby | Chief Executive Officer | 3,444,034 |
Alastair Murray | Chief Financial Officer | 1,505,682 |
Jette Andersen | Managing Director, International | 442,804 |
Mark Hughes | Procurement & Central Operations Director | 588,664 |
Andrew McDonald | Corporate Development & Legal Director | 552,083 |
Alex Whitehouse | Managing Director, UK | 677,557 |
David Wilkinson | Human Resources Director | 528,905 |
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 seventh 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.
The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.
ENQUIRIES:
For further information please contact:
Andrew McDonaldCorporate Development & Legal Director
+44 (0) 1727 815 850
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Gavin Darby | ||||
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 | N/A | ||||
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") ISIN: GB00B7N0K053 | ||||
b) | Nature of the transaction | Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
e) | Date of the transaction | 2017-06-13 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Alastair Murray | ||||
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 | N/A | ||||
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") ISIN: GB00B7N0K053 | ||||
b) | Nature of the transaction | Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
e) | Date of the transaction | 2017-06-13 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Jette Andersen | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director, International | ||||
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 | N/A | ||||
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") ISIN: GB00B7N0K053 | ||||
b) | Nature of the transaction | Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
e) | Date of the transaction | 2017-06-13 | ||||
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 | N/A | ||||
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") ISIN: GB00B7N0K053 | ||||
b) | Nature of the transaction | Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
e) | Date of the transaction | 2017-06-13 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew McDonald | ||||
2 | Reason for the notification | |||||
a) | Position/status | Corporate Development & Legal 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 | N/A | ||||
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") ISIN: GB00B7N0K053 | ||||
b) | Nature of the transaction | Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
e) | Date of the transaction | 2017-06-13 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Alex Whitehouse | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director, UK | ||||
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 | N/A | ||||
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") ISIN: GB00B7N0K053 | ||||
b) | Nature of the transaction | Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
e) | Date of the transaction | 2017-06-13 | ||||
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 | N/A | ||||
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") ISIN: GB00B7N0K053 | ||||
b) | Nature of the transaction | Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
e) | Date of the transaction | 2017-06-13 | ||||
f) | Place of the transaction | Outside a trading venue | ||||