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9 Jun 2015 14:55
Premier Foods plc (the Company)
Transactions in shares by Persons Discharging Managerial Responsibilities (PDMRs)
Acquisition of Shares
Premier Foods plc announces that on 8 June 2015 Gavin Darby, Chief Executive Officer, purchased 389,253 ordinary shares of 10 pence each in the share capital of the Company (Shares) at a price of 41.875p.
Pursuant to the Company's Remuneration Policy 25% of any annual bonus awarded to Mr Darby will be made in the form of Shares. For the financial period ended 4 April 2015 Mr Darby elected to receive his entire annual bonus in the form of Shares and the above acquisition represents Mr Darby's entire annual bonus net of income tax and employee national insurance.
Co-Investment Award
The second tranche of Mr Darby's Co-Investment Award (Award), representing 751,814 Shares, vested on 1 May 2015. The Award is structured as a nil cost option. Mr Darby exercised the Award on 8 June 2015 and then sold sufficient Shares to cover income tax and employee national insurance on 8 June 2015 at a price of 41.25p per Share.
Name | Award Shares exercised
| Number of Shares sold to cover income tax and employee NI | Number of Shares retained |
Gavin Darby
| 751,814 | 354,064 | 397,750 |
The Company received notification of both transactions on 9 June 2015. Following these transactions Mr Darby's personal holding is as follows:
Name | Total number of Shares acquired/received | Total beneficial holding of Shares following the transactions | Total percentage of issued share capital following the transactions |
Gavin Darby | 787,003 | 4,153,526 | 0.503% |
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.
9 June 2015
ENQUIRIES:
Premier Foods plc +44 (0) 1727 815 850
Andrew McDonaldGeneral Counsel & Company Secretary
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