TIDMPFD TIDMIRSH

RNS Number : 0511W

Premier Foods plc

07 December 2023

7 December 2023

Premier Foods plc (the "Company")

Notification of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated

2023/24 Long Term Incentive Plan Award

Following her appointment to the Executive Leadership Team of the Company in November 2023, Jo Cullen (a person discharging managerial responsibilities) was granted an award over ordinary shares of 10p each in the Company, under the Premier Foods Long Term Incentive Plan (the "LTIP") on 6 December 2023 (the "Grant Date"), as set out below.

 
 Name        Title                         Number of shares 
                                           subject to option 
 Jo Cullen   Chief Information Officer          70,738 
             --------------------------  -------------------

The award is structured as a nil cost option to acquire shares for nil consideration. It 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 tenth 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 50% of the total number of shares held under an award and the second is an adjusted earnings per share based target that will apply to 50% of the total number of shares held under an award. No consideration was paid for the grant of the award and no consideration shall be payable when the award is exercised. Details of the 2023/24 LTIP award are set out in the Company's FY22/23 Annual Report, which can be viewed on the Group's website (www.premierfoods.co.uk).

The notification set out below is provided in accordance with the requirements of the Market Abuse Regulation.

ENQUIRIES:

For further information please contact:

Simon Rose

General Counsel & Company Secretary

+44 (0) 1727 815 850

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Jo Cullen 
     --------------------------  --------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status             Chief Information Officer 
     --------------------------  --------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  --------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                        Premier Foods plc 
     --------------------------  --------------------------------------- 
 b)   LEI                         213800ZD5I8XHNMCJA67 
     --------------------------  --------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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          Ordinary shares of 10p each ("Shares") 
       financial instrument,       in the capital of Premier Foods 
       type of instrument          plc 
       Identification code         ISIN: GB00B7N0K053 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   Grant of award under the Premier 
                                   Foods plc Long Term Incentive Plan 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    Nil         70,738 
                                               ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     6 December 2023 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------

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END

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December 07, 2023 06:59 ET (11:59 GMT)

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