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Director/PDMR Shareholding

15th May 2023 17:02

RNS Number : 4725Z
Hilton Food Group PLC
15 May 2023
 

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

 

 

Philip Heffer

 Steve Murrells

 Matt Osborne

2

 

Reason for the notification

a)

 

Position/status

 

CEO

 CEO elect

 CFO

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 15 May 2026 subject to continued employment and meeting performance conditions covering the three financial years 2023-2025. The performance conditions comprise:

 

Metric

Weighting

Threshold 10% vesting

Maximum 100% vesting

EPS

60%

11% growth per annum

17% 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%

35% reduction over 3 years

52% reduction over 3 years

ii) Scope 3 energy efficiency

5%

21% reduction over 3 years

33% reduction over 3 years

iii) People metrics- diversity and engagement

5%

Specific measures by geography to be assessed by the Remuneration Committee

 

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)

 Philip Heffer

nil

100,406

 Steve Murrells

nil

182,039

 Matt Osborne

nil

55,479

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

Not applicable.

e)

 

Date of the transaction 

 

15 May 2023

f)

 

Place of the transaction 

 

XOFF

 

Name of authorised official of issuer responsible for making notification:

Neil George, Company Secretary, Tel. +44 (0) 1480 387207, email: [email protected]

Date of notification

15 May 2023

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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