TIDMBAKK

RNS Number : 2514A

Bakkavor Group PLC

23 May 2023

Bakkavor Group PLC

Transaction by PDMR

23 May 2023

Bakkavor Group plc

(the "Company" or "Bakkavor")

NOTIFICATION DEALING WITH GRANT OF AWARD 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.

LTIP Award

On 22 May 2023 the following award over ordinary shares of 2 pence in Bakkavor Group plc was 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 
 Lee Miley         61,576          Restricted Share Award 
            -------------------- 
 

The award noted above is structured as a nil cost option.

The award will ordinarily become exercisable on the third anniversary of grant subject to the grantee's continued service.

Notification

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                             Lee Miley 
     -------------------------------  --------------------------------------------- 
 2    Reason for Notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status                  UK Finance Director 
     -------------------------------  --------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  --------------------------------------------- 
 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 Restricted 
                                        Share Award under the Bakkavor Group 
                                        plc Long Term Incentive Plan. The award 
                                        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. 
     -------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                         Nil        61,576 Restricted 
                                                     Share Award under 
                                                     LTIP 
                                                   ------------------- 
     -------------------------------  --------------------------------------------- 
 d)        Aggregated information 
 
             *    Aggregated volume      N/A single transaction 
                                         Nil 
 
             *    Price 
     -------------------------------  --------------------------------------------- 
 e)   Date of the transaction          22 May 2023 
     -------------------------------  --------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  --------------------------------------------- 
 

-Ends-

Enquiries

Company Secretarial:

Annabel Tagoe-Bannerman, Group General Counsel and Company Secretary +44 (0) 20 7908 6130

Institutional investors and analysts:

Emily Daw, Group Financial Controller & Head of Investor Relations +44 (0) 20 7908 6114

About Bakkavor

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these, high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,500 colleagues operate from 44 sites across our three markets supplying a portfolio of over 2,900 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.

LEI number: 213800COL7AD54YU9949

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END

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May 23, 2023 02:00 ET (06:00 GMT)

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