Bakkavor Group PLC Director/PDMR Shareholding (2400F)
October 26 2018 - 1:00AM
UK Regulatory
TIDMBAKK
RNS Number : 2400F
Bakkavor Group PLC
26 October 2018
26 October 2018
NOTIFICATION DEALING WITH GRANT OF AWARDS TO PDMR
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
On 24 October 2018 the following awards over ordinary shares of
2 pence in Bakkavor Group plc were granted under the Bakkavor Group
plc Long Term Incentive Plan to the following person discharging
managerial responsibilities:
PDMR No. of shares under Type of Award
Award
Donna-Maria Lee 95,899 Performance Share Award
47,949 Restricted Share Award
-------------------- ------------------------
Each award will ordinarily become exercisable (or vest as
relevant) on the third anniversary of grant subject to the
grantee's continued service and, in the case of the Performance
Share Award, only to the extent to which the adjusted earnings per
share and total shareholder return performance conditions set for
the award are satisfied.
Details of the full notification received by the Company are set
out below:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Donna-Maria Lee
------------------------------- ---------------------------------------------
2 Reason for Notification
------------------------------------------------------------------------------
a) Position/status Group Human Resources Director
------------------------------- ---------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Bakkavor Group plc
------------------------------- ---------------------------------------------
b) LEI 213800COL7AD54YU9949
------------------------------- ---------------------------------------------
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 Ordinary Shares of 2 pence each in
instrument, type of Bakkavor Group plc
instrument
Identification code GB00BF8J3Z99
------------------------------- ---------------------------------------------
b) Nature of the transaction Grant of nil cost option awards under
the Bakkavor Group plc Long Term Incentive
Plan. One award is a Performance Share
Award and the other a Restricted Share
Award both of which will ordinarily
become exercisable three years from
the date of grant, subject to continued
service and once exercisable may ordinarily
be exercised at any point up until
the tenth anniversary of the date of
grant. The Performance Share Award
will only vest to the extent to which
the adjusted earnings per share and
total shareholder return performance
conditions are met. No performance
conditions apply to the Restricted
Share Award.
------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------
Nil 95,899 Performance
Share Award
Nil 47,949 Restricted
Share Award
------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume 143,848
Nil
* Price
------------------------------- ---------------------------------------------
e) Date of the transaction 24 October 2018
------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------------
-Ends-
Enquiries
Company Secretarial:
Simon Witham, General Counsel and Company Secretary +44(0)20
7908 6142
Media enquiries:
Tulchan Communications +44 (0)20 7353 4200
Catherine James, Will Smith, Jessica Reid
About Bakkavor
Bakkavor is the leading provider in the large and fast-growing
UK Fresh Prepared Food (FPF) market, which consists of the four
categories of Meals, Salads, Desserts and Pizza & Bread, and
has a growing international presence in the US and China.
In the UK the Group is the number one producer by market share
in all four FPF categories, supplying all of the UK's leading
grocery retailers, including Tesco, M&S, Sainsbury's and
Waitrose.
The International segment has operations in the US and China,
supplying both retail and foodservice customers.
LEI number: 213800COL7AD54YU9949
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END
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