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Last checked at 
2 Oct 2014 14:53
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2 October 2014
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Premier Foods plc (the "Company")
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Share Interests of Persons Discharging Managerial Responsibilities (PDMRs)
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The following notification is made in accordance with DR 3.1.4R(1)(a).
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Long Term Incentive Plan
On 1 October 2014 (the "Grant Date") the following PDMRs, who were appointed as members of the Executive Leadership Team during the year, 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 |
Graham Hunter | Managing Director, Sweet Treats | 187,793 |
Alex Whitehouse | Managing Director, Grocery | 270,422 |
David Wilkinson | Human Resources Director | 300,469 |
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Performance Share Awards are structured as nil cost options to acquire shares for nil consideration. The number of shares awarded has been reduced on a time pro rata basis to reflect the fact that the participants were appointed to the Executive Leadership Team part way through the year. They will normally vest and become exercisable following the end of the three year performance period and remain exercisable until the day before the fifth 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.
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For further information please contact:
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Andrew McDonald, +44 (0)1727 815 850
Corporate Development & Legal Director
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