24th May 2011 12:20
Premier Foods plc (the "Company")
24 May 2011
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND OTHER PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
This notification is made in accordance with DR 3.1.4R(1)(a).
On 23rd May 2011 (the "Grant Date") the following directors of the Company and other persons discharging managerial responsibility were granted the following awards under the Premier Foods Long Term Incentive Plan (the "Plan"):
Matching Share Awards
Matching Share Awards are structured as nil-cost options ("Options") to acquire ordinary shares of £0.01 each in the capital of the Company for nil consideration as set out below.
Individual | Director/PDMR | Number of shares subject to Options |
Robert Schofield | Chief Executive Officer | 1,407,474 |
Jim Smart | Chief Financial Officer | 997,220 |
Tim Kelly | Chief Operating Officer | 899,176 |
Brain Carlton | Group HR Director | 257,430 |
Mark Hughes | Group Procurement Director | 317,472 |
Andrew Peeler | Director of Finance & Business Services | 198,398 |
Bob Spooner | Group Operations Director | 433,802 |
Mark Vickery Suzanne Wise | Group IS & Change Director | 257,578 |
Suzanne Wise | General Counsel & Company Secretary Group Sales Director | 354,620 |
Ian York | Group Sales Director | 220,868 |
Matching Share Awards were granted on the condition that prior to the Grant Date an eligible employee agreed to commit an existing holding of, or interest in, ordinary shares in the Company as Investment Shares under the Plan up until the date of vesting of the Matching Share Award.
The Options will normally be exercisable between the third anniversary of the Grant Date and the day before the fifth anniversary of the Grant Date subject to continued employment, retention of the linked Investment Shares in the Company and the achievement of a share price based performance target.
Performance Share Awards
Performance Share Awards are structured as Options to acquire ordinary shares of £0.01 each in the capital of the Company for nil consideration as set out below.
Individual | Director/PDMR | Number of shares subject to Options |
Robert Schofield | Chief Executive Officer | 1,407,475 |
Jim Smart | Chief Financial Officer | 997,223 |
Tim Kelly | Chief Operating Officer | 899,180 |
Brain Carlton | Group HR Director | 257,430 |
Jon Goldstone | Group Marketing Director | 307,715 |
Mark Hughes | Group Procurement Director | 317,472 |
Andrew Peeler | Director of Finance & Business Services | 353,872 |
Bob Spooner | Group Operations Director | 433,803 |
Mark Vickery Suzanne Wise | Group IS & Change Director | 301,861 |
Suzanne Wise | General Counsel & Company Secretary Group Sales Director | 354,623 |
Ian York | Group Sales Director | 430,801 |
The Options will normally be exercisable between the third anniversary of the Grant Date and the day before the fifth anniversary of the Grant Date subject to continued employment and the achievement of an earnings per share based performance target. No consideration was paid for the grant of the Performance Share Awards.
Suzanne Wise
General Counsel & Company Secretary
01727 815850
24th May 2011
Related Shares:
Premier Foods