Premier Foods plc Director/PDMR Shareholding (6921K)
June 26 2014 - 1:22PM
UK Regulatory
TIDMPFD
RNS Number : 6921K
Premier Foods plc
26 June 2014
26 June 2014
Premier Foods plc (the "Company")
Share Interests of directors and Persons Discharging Managerial
Responsibilities (PDMRs)
The following notification is made in accordance with DR
3.1.4R(1)(a).
2014 Long Term Incentive Plan
On 25 June 2014 (the "Grant Date") executive directors and
members of the Group Executive of the Company 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.
Number of shares subject to options
----------------- ------ ------------------------------------
Gavin Darby CEO 2,629,107
----------------- ------ ------------------------------------
Alastair Murray CFO 1,126,760
----------------- ------ ------------------------------------
Ian Deste PDMR 563,380
----------------- ------ ------------------------------------
Mark Hughes PDMR 440,632
----------------- ------ ------------------------------------
Richard Johnson PDMR 383,098
----------------- ------ ------------------------------------
Andrew McDonald PDMR 413,145
----------------- ------ ------------------------------------
Mark Vickery PDMR 394,640
----------------- ------ ------------------------------------
Performance Share Awards are structured as nil cost options 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 fifth
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 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 Performance Share Awards and no consideration shall be
payable when a Performance Share Award is exercised.
For further information please contact:
Premier Foods plc +44 (0)1727 815 850
Andrew McDonald, General Counsel & Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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