Premier Foods plc Director/PDMR Shareholding (7461Z)
04 September 2018 - 11:57PM
UK Regulatory
TIDMPFD TIDMIRSH
RNS Number : 7461Z
Premier Foods plc
04 September 2018
4 September 2018
Premier Foods plc (the "Company")
Notification of transactions by persons discharging managerial
responsibilities (PDMRs) and persons closely associated
2018 Long Term Incentive Plan Award
On 3 September 2018 (the "Grant Date") the following member of
the Executive Leadership Team of the Company was granted a
Performance Share Award, over ordinary shares of 10p each in the
Company, under the Premier Foods Long Term Incentive Plan (the
"LTIP"), as set out below.
Name Title Number of shares subject to option
Simon Rose General Counsel & Company Secretary 299,291
------------------------------------- -----------------------------------
The Performance Share Award is structured as a nil cost option
to acquire shares for nil consideration. It will normally vest and
become exercisable under the LTIP on the third anniversary of the
Grant Date and remain exercisable until the day before the seventh
anniversary of the Grant Date, subject to the participant
continuing to hold an office or employment within the group and the
achievement of two independent performance conditions. The first
condition comprises of a relative total shareholder return based
condition that will apply to two-thirds of the total number of
shares held under the award and the second is an adjusted earnings
per share based target that will apply to one-third of the total
number of shares held under the award. No consideration was paid
for the grant of the Performance Share Award and no consideration
shall be payable when the Performance Share Award is exercised.
The notification set out below is provided in accordance with
the requirements of the Market Abuse Regulation.
ENQUIRIES:
For further information please contact:
Richard Godden
Director of Investor Relations and Treasury
+44 (0) 1727 815 850
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Simon Rose
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status General Counsel & Company Secretary
-------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Premier Foods plc
-------------------------- ---------------------------------------
b) LEI 213800ZD5I8XHNMCJA67
-------------------------- ---------------------------------------
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 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 a Performance Share Award
under the Premier Foods plc Long
Term Incentive Plan
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 299,291
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 3 September 2018
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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