6 Jun 2016 15:35
6 June 2016
Premier Foods plc (the "Company")
Share Interests of directors and Persons Discharging Managerial Responsibilities ("PDMRs")
2016 Long Term Incentive Plan Award
On 3 June 2016 (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 | 3,294,117 |
Alastair Murray | Chief Financial Officer | 1,440,141 |
Jette Andersen | Managing Director, International | 423,529 |
Mark Hughes | Procurement & Central Operations Director | 555,842 |
Graham Hunter | Managing Director, Sweet Treats | 600,058 |
Richard Johnson | Corporate Affairs Director | 489,647 |
Andrew McDonald | Corporate Development & Legal Director | 528,051 |
Mark Vickery | Information Systems & Change Director | 504,400 |
Alex Whitehouse | Managing Director, Grocery | 648,063 |
David Wilkinson | Human Resources Director | 480,047 |
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 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.
2016 Deferred Share Bonus Plan Award
On 3 June 2016 (the "Grant Date") Alastair Murray was granted an award over 157,560 ordinary shares of 10p each in the Company under the Deferred Share Bonus Plan (the "DSBP") in respect of the financial year ended 2 April 2016.
The award was structured as a nil cost option to acquire shares for nil consideration and will normally vest and become exercisable under the DSBP on the second anniversary of the Grant Date and shall normally remain exercisable during the period of six months starting on the date of vesting, subject to the participant continuing to hold an office or employment within the group.
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.
For further information please contact:
Premier Foods plc | +44 (0)1727 815 850 |
Andrew McDonald Corporate Development & Legal Director |
Premier Foods (PFD)