Bakkavor Group PLC
Transaction by PDMR
26 March 2024
Bakkavor Group
plc
(the 'Company' or
'Bakkavor')
Notification and public
disclosure of transaction by PDMR
Bakkavor Group plc (LON: BAKK)
announces that on 22 March 2024 ordinary shares of 2 pence each in
the Company ('Shares') were acquired by the following person
discharging managerial responsibilities ('PDMR') in connection with
the exercise/settlement of vested awards held under the Company's
Long Term Incentive Plans ("LTIP") as noted in the table
below.
The table also notes the related
same day sale by the PDMR of a number of the Shares to satisfy the
related income tax and employees' national insurance liabilities
('Tax Liability') and Exercise Price (where relevant), together
with the resulting net number of Shares retained.
|
PDMR
|
Award
|
Number of Shares acquired
|
Number of Shares sold for Tax
Liability and Exercise Price
|
Number of Shares retained
|
|
Dave Selleck
|
2017 LTIP Award
|
106,167 at an Exercise Price of
76.4p per Share
|
91,910
|
14,257
|
|
Dave Selleck
|
2020 LTIP Awards
|
239,001 for nil cost
|
112,714
|
126,287
|
The information set out below is
provided in accordance with the requirements of Article 19(3) of
the UK Market Abuse Regulation.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Dave Selleck
|
|
2
|
Reason for Notification
|
|
a)
|
Position/status
|
Managing 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
instrument, type of instrument
Identification code
|
Ordinary shares of 2 pence each in
Bakkavor Group plc
GB00BF8J3Z99
|
|
b)
|
Nature of the transaction
|
1. Shares acquired for 76.4p per
Share on the exercise of a vested option held under the Company's
pre-IPO LTIP.
2. Shares acquired for nil
consideration on the exercise of vested nil cost options held under
the Company's LTIP.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1. 76.4p
2. Nil
|
1. 106,167
2. 239,001
|
|
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
22 March 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Dave Selleck
|
|
2
|
Reason for Notification
|
|
a)
|
Position/status
|
Managing 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
instrument, type of instrument
Identification code
|
Ordinary shares of 2 pence each in
Bakkavor Group plc
GB00BF8J3Z99
|
|
b)
|
Nature of the transaction
|
Disposals to cover Tax Liability and
exercise costs (where relevant).
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£1.0275
|
204,624
|
|
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
Not applicable - single
transaction
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
22 March 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
ENQUIRIES
Institutional investors and analysts:
Ben Waldron, Chief Financial
Officer
Richard Wooldridge, Interim Head of
Investor Relations
+44 (0) 20 7908 6114
Annabel Tagoe-Bannerman, Group
General Counsel & Company Secretary +44 (0) 20 7908
6130
Financial media: bakkavor@mhpgroup.com
Katie Hunt, MHP
+44 (0) 20 3128 8100
+44 (0) 7884 494 112
Rachel Farrington, MHP
+44 (0) 7801 894
577
Oliver Hughes, MHP
+44 (0) 7885
224 532
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 18,000
colleagues operate from 44 sites across our three markets,
supplying a portfolio of over 3,000 products across meals, pizza
& bread, salads and desserts to leading grocery retailers in
the UK and US, and international food brands in China. Find out
more at www.bakkavor.com.
LEI number:
213800COL7AD54YU9949
