Premier Foods plc Director/PDMR Shareholding (3461A)

TIDMPFD TIDMIRSH

RNS Number : 3461A

Premier Foods plc

06 June 2016

6 June 2016

Premier Foods plc (the "Company")

Share Interests of directors and Persons Discharging Managerial Responsibilities ("PDMRs")

2016 Long Term Incentive Plan Award

On 3 June 2016 (the "Grant Date") executive directors and members of the Executive Leadership Team 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.

 
 Name               Title                                        Number of shares subject to options 
-----------------  -------------------------------------------  ------------------------------------ 
 Gavin Darby        Chief Executive Officer                                                3,294,117 
-----------------  -------------------------------------------  ------------------------------------ 
 Alastair Murray    Chief Financial Officer                                                1,440,141 
-----------------  -------------------------------------------  ------------------------------------ 
 Jette Andersen     Managing Director, International                                         423,529 
-----------------  -------------------------------------------  ------------------------------------ 
 Mark Hughes        Procurement & Central Operations Director                                555,842 
-----------------  -------------------------------------------  ------------------------------------ 
 Graham Hunter      Managing Director, Sweet Treats                                          600,058 
-----------------  -------------------------------------------  ------------------------------------ 
 Richard Johnson    Corporate Affairs Director                                               489,647 
-----------------  -------------------------------------------  ------------------------------------ 
 Andrew McDonald    Corporate Development & Legal Director                                   528,051 
-----------------  -------------------------------------------  ------------------------------------ 
 Mark Vickery       Information Systems & Change Director                                    504,400 
-----------------  -------------------------------------------  ------------------------------------ 
 Alex Whitehouse    Managing Director, Grocery                                               648,063 
-----------------  -------------------------------------------  ------------------------------------ 
 David Wilkinson    Human Resources Director                                                 480,047 
-----------------  -------------------------------------------  ------------------------------------

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.

2016 Deferred Share Bonus Plan Award

On 3 June 2016 (the "Grant Date") Alastair Murray was granted an award over 157,560 ordinary shares of 10p each in the Company under the Deferred Share Bonus Plan (the "DSBP") in respect of the financial year ended 2 April 2016.

The award was structured as a nil cost option to acquire shares for nil consideration and will normally vest and become exercisable under the DSBP on the second anniversary of the Grant Date and shall normally remain exercisable during the period of six months starting on the date of vesting, subject to the participant continuing to hold an office or employment within the group.

This announcement is in accordance with DTR 3.1.4R and relates to transactions notified to the Company in accordance with DTR 3.1.2R.

For further information please contact:

 
                                     +44 (0)1727 815 
  Premier Foods plc                   850 
  Andrew McDonald 
   Corporate Development & Legal 
   Director

This information is provided by RNS

The company news service from the London Stock Exchange

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June 06, 2016 10:35 ET (14:35 GMT)

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