Hilton Food Group PLC Director/PDMR Shareholding
14 May 2024 - 12:47AM
RNS Regulatory News
RNS Number : 2301O
Hilton Food Group PLC
13 May 2024
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Steve Murrells
|
Matt Osborne
|
Philip Heffer
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
CEO
|
CFO
|
Advisor to the
Board
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
Initial
notification
|
Initial
notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction
monitor
|
|
a)
|
Name
|
Hilton Food Group plc
|
|
b)
|
LEI
|
213800JY7VJFS2OOX355
|
|
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 10p
each
HFG - GB00B1V9NW54
|
|
b)
|
Nature of the
transaction
|
Grant of Awards of Shares to
Directors under the Hilton Food Group Long-Term Incentive Plan
2019.
Awards will normally vest on 13 May
2027 subject to continued employment and meeting performance
conditions covering the three financial years 2024-2026. The
performance conditions comprise:
|
Metric
|
Weighting
|
Threshold
10% vesting
|
Maximum 100%
vesting
|
|
EPS
|
60%
|
7% growth
per annum
|
14%
growth per annum
|
|
Relative TSR compared with the
constituents of the FTSE 250 (excluding investment
trusts)
|
25%
|
Median
|
Upper
quartile
|
|
ESG
|
|
|
|
|
i) Scope 1
& 2 energy efficiency
|
5%
|
43%
reduction over 3 years
|
53%
reduction over 3 years
|
|
ii) Scope 3 energy
efficiency
|
5%
|
16%
reduction over 3 years
|
19%
reduction over 3 years
|
|
iii) Proportion of high
risk suppliers with valid SMETA Audit
|
2%
|
Increase to 80% after 3 years
|
Increase
to 100% after 3 years
|
|
iv) Proportion of
employees who 'feel they can be themselves at work'
|
1.5%
|
2%
increase over 3 years
|
11%
increase over 3 years
|
|
v) Proportion of
leadership roles filled by women
|
1.5%
|
6%
increase over 3 years
|
11%
increase over 3 years
|
Vesting for all the performance
conditions above increase rise pro-rata between threshold and
maximum limits.
|
|
c)
|
Price(s) and volume(s)
|
|
Name
|
Price(s)
|
Volume(s)
|
|
Steve Murrells
|
nil
|
148,026
|
|
Matt Osborne
|
nil
|
59,613
|
|
Philip Heffer
|
nil
|
73,421
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable.
|
|
e)
|
Date of the
transaction
|
13 May 2024
|
|
f)
|
Place of the
transaction
|
XOFF
|
|
|
|
|
|
|
| |
Name of authorised official of
issuer responsible for making notification:
Neil George, Company Secretary, Tel.
+44 (0) 1480 387214, email: cosec@hiltonfoodgroup.com
Date of notification
13 May 2024
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END
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