Premier Foods plc Director/PDMR Shareholding (5292G)
August 08 2016 - 5:25AM
UK Regulatory
TIDMPFD TIDMIRSH
RNS Number : 5292G
Premier Foods plc
08 August 2016
Premier Foods plc (the Company)
Notification of transactions by persons discharging managerial
responsibilities and persons closely associated
The Company announces that on 5 August 2016 Gavin Darby, Chief
Executive Officer, acquired 662,058 ordinary shares of 10 pence
each in the share capital of the Company ("Shares") and in addition
received 397,752 Shares following the exercise of the final tranche
of his Co-Investment Award. Following these transactions Mr Darby
now beneficially holds 5,213,336 Shares representing 0.63% of the
Company's issued share capital.
Acquisition of shares
On 5 August 2016 Mr Darby acquired 662,058 Shares at a price of
51.3634p. In addition to the 25% of any annual bonus awarded to Mr
Darby in the form of Shares, Mr Darby elected to receive the
balance of his annual bonus in the form of Shares and the above
acquisition represents Mr Darby's entire annual bonus net of income
tax and employee national insurance.
Co-Investment Award
The final tranche of Mr Darby's Co-Investment Award ("Award"),
representing 751,814 Shares, vested on 1 May 2016. The Award is
structured as a nil cost option. Mr Darby exercised the Award on 5
August 2016 and then sold sufficient Shares to cover income tax and
employee national insurance on 5 August 2016 at a price of 51.375p
per Share.
Award Number of Shares Number of
Shares sold to cover Shares retained
exercised income tax
and employee
NI
------------ ----------------- -----------------
751,814 354,062 397,752
------------ ----------------- -----------------
Following these transactions Mr Darby's holding is as
follows:
Name Total number Total beneficial Total percentage
of Shares acquired/received holding of of issued
Shares following share capital
the transactions following
the transactions
------------- ----------------------------- ------------------ ------------------
Gavin Darby 1,059,810 5,213,336 0.63%
------------- ----------------------------- ------------------ ------------------
The notifications set out below are provided in accordance with
the requirements of the Market Abuse Regulation.
8 August 2016
ENQUIRIES:
For further information please contact:
Andrew McDonald
General Counsel & Company Secretary
+44 (0) 1727 815 850
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Gavin Darby
--- ------------------------ ------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------ ------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name Premier Foods plc
--- ------------------------ ------------------------------------
b) LEI N/A
--- ------------------------ ------------------------------------
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 Ordinary shares of 10p each
instrument, type ("Shares")
of instrument ISIN: GB00B7N0K053
Identification
code
--- ------------------------ ------------------------------------
b) Nature of the Acquisition of Shares
transaction
--- ------------------------ ------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
51.3634p 662,058
--------- ----------
--- ------------------------ ------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ------------------------ ------------------------------------
e) Date of the transaction 5 August 2016
--- ------------------------ ------------------------------------
f) Place of the London Stock Exchange
transaction
--- ------------------------ ------------------------------------
5 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 Ordinary shares of 10p each
instrument, type ("Shares")
of instrument ISIN: GB00B7N0K053
Identification
code
--- ------------------------ ------------------------------------
b) Nature of the Acquisition of Shares following
transaction the exercise of the final
tranche of the CEO's Co-Investment
Award. The Award is structured
as a nil cost option.
--- ------------------------ ------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
N/A 751,814
---------- ----------
--- ------------------------ ------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ------------------------ ------------------------------------
e) Date of the transaction 5 August 2016
--- ------------------------ ------------------------------------
f) Place of the London Stock Exchange
transaction
--- ------------------------ ------------------------------------
6 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 Ordinary shares of 10p each
instrument, type ("Shares")
of instrument ISIN: GB00B7N0K053
Identification
code
--- ------------------------ ------------------------------------
b) Nature of the Sale of Shares to cover
transaction income tax and employee
national insurance following
exercise of CEO's Co-Investment
Award
--- ------------------------ ------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
51.375p 354,062
--------- ----------
--- ------------------------ ------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ------------------------ ------------------------------------
e) Date of the transaction 5 August 2016
--- ------------------------ ------------------------------------
f) Place of the London Stock Exchange
transaction
--- ------------------------ ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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