18th Apr 2006 16:37
Premier Foods plc18 April 2006 Premier Foods plc 18 April 2006 NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIALRESPONSIBILITIES We wish to notify the following, in accordance with Rules 3.1.4(1)(a) and 3.1.4(1)(b) of the Disclosure Rules. 1. On 18 April 2006 the Company granted the options setout in column (2) of the table below to the directors and Persons DischargingManagerial Responsibilities ("PDMRs") set out in that table under the Company'sSavings Related Share Option Scheme ("SAYE Scheme"). These SAYE Scheme optionsare over ordinary shares of 1p each in the Company and are exercisable at aprice of £2.36 per share between 1 June 2006 and 30 November 2009. In each casethe grant of the options was for nil consideration. 2. The Company has granted conditional awards in respectof the number of ordinary shares of 1p each in the Company set out in column (3)of the table below to the directors and PDMRs set out in that table under theCompany's Long Term Incentive Plan ("LTIP"). The conditional awards were allmade on 13 April 2006. The vesting of the LTIP awards is subject to performanceconditions based upon total shareholder return as measured over a three-yearperiod, with the Company's Remuneration Committee having power to scale back ifit is felt that underlying financial performance has not been adequate. On thevesting of the conditional awards, the holders concerned will be granted optionsexercisable at a price of £nil per share between 14 April 2009 and 14 April 2016over the number of shares in respect of which the awards vest. Following the granting of these options and conditional awards, the total numberof ordinary shares of 1p each in the Company over which the directors and PDMRsconcerned hold options is set out in column (4) of the table below. (1) Name of (2) 2006 SAYE options (3) 2006 LTIP (4) Total optionsDirector/PDMR granted awards made /LTIPsDirectors RobertSchofield 2,377 156,357 1,304,654Paul Thomas - 90,721 772,338PDMRs Ian Croxford 2,377 44,742 279,837HowardBeveridge 2,377 35,979 225,746Ian York 2,377 36,494 223,329Stephen Bolton - 33,608 210,177 EnquiriesAndrew Astin, tel: 01727 815 850Premier Foods plc This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Premier Foods