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: cosec@hiltonfoodgroup.com

Date of notification

15 May 2023

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