Last checked at 4 Sep 2018 14:57
4 September 2018
Premier Foods plc (the "Company")
Notification of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated
2018 Long Term Incentive Plan Award
On 3 September 2018 (the "Grant Date") the following member of the Executive Leadership Team of the Company was granted a Performance Share Award, 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 |
Simon Rose | General Counsel & Company Secretary | 299,291 |
The Performance Share Award is structured as a nil cost option to acquire shares for nil consideration. It 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 the award and the second is an adjusted earnings per share based target that will apply to one-third of the total number of shares held under the award. No consideration was paid for the grant of the Performance Share Award and no consideration shall be payable when the Performance Share Award is exercised.
The notification set out below is provided in accordance with the requirements of the Market Abuse Regulation.
ENQUIRIES:
For further information please contact:
Richard Godden
Director of Investor Relations and Treasury
+44 (0) 1727 815 850
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 Identification code | Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053 | ||||
b) | Nature of the transaction | Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
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d)
| Aggregated information - Aggregated volume - Price | N/A
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e) | Date of the transaction | 3 September 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||