Hilton Food Group PLC Director/PDMR Shareholding (4725Z)
May 15 2023 - 11:02AM
UK Regulatory
TIDMHFG
RNS Number : 4725Z
Hilton Food Group PLC
15 May 2023
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Philip Heffer Steve Murrells Matt Osborne
--------------------- --------------------------- --------------------- -------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------------------------------
a) Position/status CEO CEO elect CFO
--------------------- --------------------------- ----------------------- -----------------------------
b) Initial notification Initial notification Initial notification Initial notification
/Amendment
--------------------- --------------------------- ----------------------- -----------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------------------------
a) Name Hilton Food Group plc
----------------------- ---------------------------------------------------------------------------------
b) LEI 213800JY7VJFS2OOX355
----------------------- ---------------------------------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been conducted
----------------------------------------------------------------------------------------------------------
a) Description Ordinary Shares of 10p each
of the financial
instrument,
type of instrument
Identification HFG - GB00B1V9NW54
code
----------------------- ---------------------------------------------------------------------------------
b) Nature of the Grant of Awards of Shares to Directors under the
transaction Hilton Food Group Long-Term Incentive Plan 2019.
Awards will normally vest on 15 May 2026 subject
to continued employment and meeting performance conditions
covering the three financial years 2023-2025. The
performance conditions comprise:
Metric Weighting Threshold Maximum 100%
10% vesting vesting
EPS 60% 11% growth 17% growth
per annum per annum
---------- --------------- ----------------
Relative TSR 25% Median Upper quartile
compared with
the constituents
of the FTSE 250
(excluding investment
trusts)
---------- --------------- ----------------
ESG
i) Scope 1 & 5% 35% reduction 52% reduction
2 energy efficiency over 3 years over 3 years
---------- --------------- ----------------
ii) Scope 3 energy 5% 21% reduction 33% reduction
efficiency over 3 years over 3 years
---------- --------------- ----------------
iii) People metrics- 5% Specific measures by geography
diversity and to be assessed by the
engagement Remuneration Committee
---------- ---------------------------------
Vesting for all the performance conditions above
increase rise pro-rata between threshold and maximum
limits.
----------------------- ---------------------------------------------------------------------------------
c) Price(s) and Name Price(s) Volume(s)
volume(s) Philip Heffer nil 100,406
Steve Murrells nil 182,039
Matt Osborne nil 55,479
---------- ----------
----------------------- ---------------------------------------------------------------------------------
d) Aggregated
information Not applicable.
- Aggregated
volume
- Price
----------------------- ---------------------------------------------------------------------------------
e) Date of the 15 May 2023
transaction
----------------------- ---------------------------------------------------------------------------------
f) Place of the XOFF
transaction
----------------------- ---------------------------------------------------------------------------------
Name of authorised official of issuer responsible for making
notification:
Neil George, Company Secretary, Tel. +44 (0) 1480 387207, email:
cosec@hiltonfoodgroup.com
Date of notification
15 May 2023
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END
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