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Director/PDMR Shareholding

13th May 2024 15:47

RNS Number : 2301O
Hilton Food Group PLC
13 May 2024
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Steve Murrells

Matt Osborne

Philip Heffer

2

 

Reason for the notification

a)

 

Position/status

 

CEO

 CFO

Advisor to the Board

b)

 

Initial notification /Amendment 

Initial notification

 Initial notification

 Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

 

Name

Hilton Food Group plc

b)

 

LEI

213800JY7VJFS2OOX355

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 financial instrument, type of instrument

 

Identification code 

 

Ordinary Shares of 10p each

 

 

 

 

HFG - GB00B1V9NW54

b)

 

Nature of the transaction

Grant of Awards of Shares to Directors under the Hilton Food Group Long-Term Incentive Plan 2019.

 

Awards will normally vest on 13 May 2027 subject to continued employment and meeting performance conditions covering the three financial years 2024-2026. The performance conditions comprise:

 

Metric

Weighting

Threshold 10% vesting

Maximum 100% vesting

EPS

60%

7% growth per annum

14% growth per annum

Relative TSR compared with the constituents of the FTSE 250 (excluding investment trusts)

25%

Median

Upper quartile

ESG

i) Scope 1 & 2 energy efficiency

5%

43% reduction over 3 years

53% reduction over 3 years

ii) Scope 3 energy efficiency

5%

16% reduction over 3 years

19% reduction over 3 years

iii) Proportion of high risk suppliers with valid SMETA Audit

2%

 Increase to 80% after 3 years

Increase to 100% after 3 years

iv) Proportion of employees who 'feel they can be themselves at work'

1.5%

2% increase over 3 years

11% increase over 3 years

v) Proportion of leadership roles filled by women

1.5%

6% increase over 3 years

11% increase over 3 years

 

Vesting for all the performance conditions above increase rise pro-rata between threshold and maximum limits.

 

 

c)

 

Price(s) and volume(s)

 

 

 

 Name

Price(s)

Volume(s)

 Steve Murrells

nil

148,026

Matt Osborne

nil

59,613

Philip Heffer

nil

73,421

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

Not applicable.

e)

 

Date of the transaction 

 

13 May 2024

f)

 

Place of the transaction 

 

XOFF

 

Name of authorised official of issuer responsible for making notification:

Neil George, Company Secretary, Tel. +44 (0) 1480 387214, email: [email protected]

Date of notification

13 May 2024

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 [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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Related Shares:

Hilton Foods
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