TIDMPFD TIDMIRSH
RNS Number : 6901B
Premier Foods plc
11 June 2021
11 June 2021
Premier Foods plc (the "Company")
Notification of transactions by persons discharging managerial
responsibilities (PDMRs) and persons closely associated
2021 Deferred Bonus Plan Award
Pursuant to the Company's shareholder-approved Remuneration
Policy, one-third of any annual bonus awarded to executive
directors is delivered in the form of shares deferred for a three
year period. On 10 June 2021 (the "Grant Date") executive directors
of the Company were granted deferred bonus awards, over shares of
10p each in the Company, under the Premier Foods Deferred Bonus
Plan (the "DBP") as part of their annual bonus award for the
financial year ended 3 April 2021.
Name Title Number of shares
subject to option
Alex Whitehouse Chief Executive Officer 191,131
------------------------ -------------------
Duncan Leggett Chief Financial Officer 91,246
------------------------ -------------------
Each deferred bonus award is structured as a nil cost option to
acquire shares for nil consideration. They will normally vest and
become exercisable under the DBP on the third anniversary of the
Grant Date and remain exercisable until the tenth anniversary of
the Grant Date. No consideration was paid for the grant of the
deferred bonus awards and no consideration shall be payable when a
deferred bonus award is exercised.
2021/22 Long Term Incentive Plan Award
On 10 June 2021 (the "Grant Date") the executive directors and
members of the Executive Leadership Team of the Company (each a
person discharging managerial responsibilities) were granted
Performance Share Awards, 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
Alex Whitehouse Chief Executive Officer 688,073
------------------------------------ ---------------------
Duncan Leggett Chief Financial Officer 284,403
------------------------------------ ---------------------
Hannah Collyer Corporate Affairs & ESG Director 169,724
------------------------------------ ---------------------
Yilmaz Erceyes Chief Marketing Officer 188,073
------------------------------------ ---------------------
Procurement & Central Operations
Mark Hughes Director 232,253
------------------------------------ ---------------------
Richard Martin Chief Customer Officer 206,880
------------------------------------ ---------------------
Simon Rose General Counsel & Company Secretary 206,880
------------------------------------ ---------------------
Paul Thompson Operations Director 202,178
------------------------------------ ---------------------
David Wilkinson Human Resources Director 211,377
------------------------------------ ---------------------
Each award is structured as a nil cost option to acquire shares
for nil consideration. They 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 tenth
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 an 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 an award. No consideration was paid for
the grant of the awards and no consideration shall be payable when
an award is exercised.
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
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alex Whitehouse
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- ---------------------------------------
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 award under the Premier
Foods plc Deferred Bonus Plan
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 191,131
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
5 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 688,073
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Duncan Leggett
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ---------------------------------------
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 award under the Premier
Foods plc Deferred Bonus Plan
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 91,246
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
5 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 284,403
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Hannah Collyer
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Corporate Affairs & ESG Director
-------------------------- ---------------------------------------
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 169,724
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Yilmaz Erceyes
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Marketing Officer
-------------------------- ---------------------------------------
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 188,073
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Hughes
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Procurement & Central Operations
Director
-------------------------- ---------------------------------------
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 232,253
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Martin
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Customer Officer
-------------------------- ---------------------------------------
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 206,880
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
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 206,880
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Paul Thompson
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Operations Director
-------------------------- ---------------------------------------
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 202,178
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Wilkinson
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Human Resources Director
-------------------------- ---------------------------------------
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 211,377
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 10 June 2021
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
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END
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