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Last checked at 
29 Apr 2014 16:30
29 April 2014
Premier Foods plc (the "Company")
Share Interests of directors and Persons Discharging Managerial Responsibilities (PDMRs)
The following notifications are made in accordance with DR 3.1.4R(1)(a).
Following the completion of the Capital Refinancing Plan which was announced on 14 April 2014 the Remuneration Committee of the Company, or scheme trustee where relevant, have approved the following adjustments to various share plans of the Company. Adjustments to the number of shares under award and where relevant, to option prices, have been made to take into account the impact of the 8 for 5 Rights Issue using the theoretical ex-rights method.
1) CEO Co-investment Award
Name | Date Award Granted | No. of shares subject to award prior to adjustment | No. of shares subject to award following adjustment |
Gavin Darby | 22/02/2013 | 1,477,572 | 2,255,442 |
2) Long Term Incentive Plan
Name | Date Award Granted | No. of shares subject to award prior to adjustment | No. of shares subject to award following adjustment |
Gavin Darby | 22/02/2013 | 1,477,572 | 2,255,442 |
Ian Deste | 20/03/2012 | 191,304 | 292,016 |
Mark Hughes | 23/05/2011 20/03/2012 | 31,747 192,608 | 48,460 294,006 |
Richard Johnson | 20/03/2012 | 156,521 | 238,921 |
Andrew McDonald | 20/03/2012 | 139,130 | 212,375 |
Mark Vickery | 23/05/2011 20/03/2012 | 25,757 174,782 | 39,316 266,796 |
3) Restricted Stock Plan
Name | Date Award Granted | No. of shares subject to award prior to adjustment | No. of shares subject to award following adjustment |
Ian Deste | 22/02/2013 | 284,960 | 434,977 |
Mark Hughes | 22/02/2013 | 239,616 | 365,762 |
Richard Johnson | 22/02/2013 | 211,081 | 322,204 |
Andrew McDonald | 22/02/2013 | 211,081 | 322,204 |
Mark Vickery | 22/02/2013 | 217,440 | 331,911 |
4) Sharesave Plan
Name | Date Award Granted | No. of shares subject to award prior to adjustment | No. of shares subject to award following adjustment | Option price prior to adjustment | Option price following adjustment |
Ian Deste | 19/10/2012 | 1,902 | 2,903 | 51.50p | 33.48p |
Mark Hughes | 19/10/2010 18/10/2011 19/10/2012 11/10/2013 | 2,321 980 1,902 2,106 | 3,542 1,495 2,903 3,214 | 152.00p 91.50p 51.50p 111.10p | 99.58p 62.57p 33.48p 72.79p |
Andrew McDonald | 11/10/2013 | 2,106 | 3,214 | 111.10p | 72.79p |
Mark Vickery | 19/10/2010 18/10/2011 | 2,321 980 | 3,542 1,495 | 152.00p 91.50p | 99.58p 62.57p |
Enquiries
For further information contact:
Andrew McDonald
General Counsel & Company Secretary
Tel: 01727 815850
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