TIDMPFD TIDMIRSH
RNS Number : 2951C
Premier Foods plc
09 June 2023
9 June 2023
Premier Foods plc (the "Company")
Notification of transactions by persons discharging managerial
responsibilities (PDMRs) and persons closely associated
2023 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 8 June 2023 (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 1 April 2023.
Name Title Number of shares
subject to option
Alex Whitehouse Chief Executive Officer 165,616
------------------------ -------------------
Duncan Leggett Chief Financial Officer 90,926
------------------------ -------------------
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.
2023/24 Long Term Incentive Plan Award
On 8 June 2023 (the "Grant Date"), the executive directors and
members of the Executive Leadership Team of the Company (each a
person discharging managerial responsibilities) were granted 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 603,403
------------------------------------------ -------------------
Duncan Leggett Chief Financial Officer 276,066
------------------------------------------ -------------------
Hannah Collyer Corporate Affairs & ESG Director 145,921
------------------------------------------ -------------------
Yilmaz Erceyes Chief Marketing Officer 193,058
------------------------------------------ -------------------
Mark Hughes Procurement & Central Operations Director 203,673
------------------------------------------ -------------------
Richard Martin Chief Customer Officer 193,058
------------------------------------------ -------------------
Simon Rose General Counsel & Company Secretary 187,800
------------------------------------------ -------------------
Paul Thompson Operations Director 199,068
------------------------------------------ -------------------
David Wilkinson Human Resources Director 196,627
------------------------------------------ -------------------
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 50% 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 50% 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. Subject to shareholder approval of the 2023 Directors'
Remuneration Policy at the AGM on 20 July 2023, a further award
will be made to executive directors following the meeting to
reflect their increased LTIP opportunities. 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 Deferred Bonus Plan
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 165,616
z ----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the transaction(s): section to be repeated
5 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 603,403
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 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 Deferred Bonus Plan
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 90,926
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the transaction(s): section to be repeated
5 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 276,066
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Hannah Collyer
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Corporate Affairs & ESG Director
-------------------------- ---------------------------------------
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 145,921
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Yilmaz Erceyes
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Marketing 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 193,058
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mark Hughes
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Procurement & Central Operations
Director
-------------------------- ---------------------------------------
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 203,673
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Richard Martin
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Customer 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 193,058
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Simon Rose
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status General Counsel & Company Secretary
-------------------------- ---------------------------------------
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 187,800
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Paul Thompson
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Operations Director
-------------------------- ---------------------------------------
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 199,068
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name David Wilkinson
-------------------------- ---------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Human Resources Director
-------------------------- ---------------------------------------
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 196,627
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 8 June 2023
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
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END
DSHSSUFLUEDSEDM
(END) Dow Jones Newswires
June 09, 2023 10:43 ET (14:43 GMT)
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