Premier Foods plc Director/PDMR Shareholding (2367I)
August 03 2023 - 7:00AM
UK Regulatory
TIDMPFD TIDMIRSH
RNS Number : 2367I
Premier Foods plc
03 August 2023
3 August 2023
Premier Foods plc (the "Company")
Notification of transactions by persons discharging managerial
responsibilities (PDMRs) and persons closely associated.
2023/24 Long Term Incentive Plan Award
As part of the Company's 2023 Directors' Remuneration Policy,
shareholder approval was sought to increase the LTIP opportunity
for the CEO from 150% of base salary to 200% and for the CFO from
100% of base salary to 150% of base salary.
Initial 2023/24 LTIP awards were granted to the two executive
directors on 8 June 2023 up to the limit allowed for under the 2020
Directors' Remuneration Policy.
Following shareholder approval for the 2023 Directors'
Remuneration Policy at the AGM held on 20 July 2023, on 2 August
2023 (the "Grant Date"), the following additional 2023/24 LTIP
awards were granted to the two executive directors, (each a person
discharging managerial responsibilities), over ordinary shares of
10p each in the Company, under the Premier Foods Long Term
Incentive Plan (the "LTIP").
Name Title Number of shares
subject to option
Alex Whitehouse Chief Executive Officer 208,657
------------------------- -------------------
Duncan Leggett Chief Financial Officer 143,197
------------------------- -------------------
To ensure consistency with the initial 2023/24 LTIP award, the
same performance conditions and performance period has been applied
as outlined in the Annual Remuneration Report.
Each award is structured as a nil cost option to acquire shares
for nil consideration. No consideration was paid for the grant of
the awards and no consideration shall be payable when an award is
exercised.
Details of the 2023/24 LTIP award and the 2023 Directors'
Remuneration Policy are set out in the Company's annual report,
which can be viewed on the Group's website
(www.premierfoods.co.uk).
The notifications set out below are provided in accordance with
the requirements of the Market Abuse Regulation.
ENQUIRIES:
For further information please contact:
Simon Rose
General Counsel & Company Secretary
+44 (0) 1727 815 850
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Alex Whitehouse
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Premier Foods plc
-------------------------- ---------------------------------------
b) LEI 213800ZD5I8XHNMCJA67
-------------------------- ---------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 10p each ("Shares")
financial instrument, in the capital of Premier Foods
type of instrument plc
Identification code
ISIN: GB00B7N0K053
-------------------------- ---------------------------------------
b) Nature of the transaction Grant of award under the Premier
Foods plc Long Term Incentive Plan
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 208,657
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 2 August 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Duncan Leggett
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Premier Foods plc
-------------------------- ---------------------------------------
b) LEI 213800ZD5I8XHNMCJA67
-------------------------- ---------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 10p each ("Shares")
financial instrument, in the capital of Premier Foods
type of instrument plc
Identification code
ISIN: GB00B7N0K053
-------------------------- ---------------------------------------
b) Nature of the transaction Grant of award under the Premier
Foods plc Long Term Incentive Plan
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 143,197
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 2 August 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
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END
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