Hilton Food Group PLC Director/PDMR Shareholding (6323Z)
15 September 2022 - 9:12PM
UK Regulatory
TIDMHFG
RNS Number : 6323Z
Hilton Food Group PLC
15 September 2022
Hilton Food Group plc
Director/PDMR Shareholding
On 17 May 2022, Hilton disclosed the grant of awards of Shares
to Executive Directors under the Hilton Food Group Long-Term
Incentive Plan 2019. For the first time, the Group's Long-Term
Incentive Plan contains a significant ESG element. This is to
ensure that Executive Directors are incentivised to achieve
continued delivery against the Group's sustainable protein
plan.
The details of the Relative TSR targets were published in May.
However, as a result of the Board working through the integration
of a number of acquisitions, the Board agreed to set and disclose
the EPS and ESG targets post grant albeit no later than 30
September 2022.
Hilton is now able to confirm the complete performance
conditions covering the three financial years 2022-2024 as
follows.
Metric Weighting Threshold Maximum 100%
10% vesting vesting
EPS 60% 5% growth 12% growth
per annum per annum
---------- ---------------- ----------------
Relative TSR compared 25% Median Upper quartile
with the constituents
of the FTSE 250 (excluding
investment trusts)
---------- ---------------- ----------------
ESG
i) Scope 1 & 2 energy 5% 6.5% reduction 43.9% reduction
efficiency over 3 years over 3 years
---------- ---------------- ----------------
ii) Packaging recycled 5% 11.7% increase 28.3% increase
content over 3 years over 3 years
---------- ---------------- ----------------
iii) Food waste 5% 15.0% reduction 30.0% reduction
over 3 years over 3 years
---------- ---------------- ----------------
Vesting for all the performance conditions above increase rise
pro-rata between threshold and maximum limits.
Further details of the awards will be set out in the next
Directors' Remuneration Report in respect of the 2022 financial
year.
For further enquiries please contact:
Neil George
Company Secretary
Tel.: +44 (0) 1480 387207, email: cosec@hiltonfoodgroup.com
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END
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