TIDMPFD TIDMIRSH

RNS Number : 0813Q

Premier Foods plc

12 June 2015

12 June 2015

Premier Foods plc (the "Company")

Share Interests of directors and Persons Discharging Managerial Responsibilities ("PDMRs")

2015 Long Term Incentive Plan Award

On 11 June 2015 (the "Grant Date") executive directors and members of the Executive Leadership Team of the Company were granted Performance Share Awards over ordinary shares of 10p each in the Company under the Premier Foods Long Term Incentive Plan (the "LTIP"), as set out below.

 
 Name               Title                                        Number of shares subject to options 
-----------------  -------------------------------------------  ------------------------------------ 
 Gavin Darby        Chief Executive Officer                                   3,294,117 
-----------------  -------------------------------------------  ------------------------------------ 
 Alastair Murray    Chief Financial Officer                                   1,782,352 
-----------------  -------------------------------------------  ------------------------------------ 
 Mark Hughes        Procurement & Central Operations Director                  557,534 
-----------------  -------------------------------------------  ------------------------------------ 
 Graham Hunter      Managing Director, Sweet Treats                            594,117 
-----------------  -------------------------------------------  ------------------------------------ 
 Richard Johnson    Corporate Affairs Director                                 484,800 
-----------------  -------------------------------------------  ------------------------------------ 
 Andrew McDonald    Corporate Development & Legal Director                     522,823 
-----------------  -------------------------------------------  ------------------------------------ 
 Mark Vickery       Information Systems & Change Director                      499,407 
-----------------  -------------------------------------------  ------------------------------------ 
 Alex Whitehouse    Managing Director, Grocery                                 962,470 
-----------------  -------------------------------------------  ------------------------------------ 
 David Wilkinson    Human Resources Director                                   475,294 
-----------------  -------------------------------------------  ------------------------------------

Performance Share Awards are structured as nil cost options to acquire shares for nil consideration. They 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 fifth 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 two-thirds of the total number of shares held under an award and the second is an earnings per share based target that will apply to one-third of the total number of shares held under an award. No consideration was paid for the grant of the Performance Share Awards and no consideration shall be payable when a Performance Share Award is exercised.

Exercise of Restricted Stock Plan Award

On 11 June 2015, the following PDMR exercised an award over 322,204 ordinary shares of 10p each in the Company under the Premier Foods Restricted Stock Plan (the "RSP"). The PDMR then sold sufficient shares to cover income tax and employee national insurance on 11 June 2015 at a price of 42.57p per share. The Company received notification of the transaction on 12 June 2015.

 
 Name       Title                        Number of      Number of       Number  Shareholding 
                                         RSP award    shares sold    of shares     following 
                                  shares exercised                    retained   transaction 
----------  ------------------  ------------------  -------------  -----------  ------------ 
 Richard    Corporate Affairs 
  Johnson    Director                      322,204        151,742      170,462    222,462 
----------  ------------------  ------------------  -------------  -----------  ------------

The RSP enables awards to be made to senior management who are not executive directors of the Company. The RSP award was granted in the form of a nil cost option.

This announcement is in accordance with DTR 3.1.4R and relates to transactions notified to the Company in accordance with DTR 3.1.2R.

For further information please contact:

 
  Premier Foods plc                           +44 (0)1727 815 850 
  Andrew McDonald 
   Corporate Development & Legal Director

This information is provided by RNS

The company news service from the London Stock Exchange

END

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