Premier Foods plc
(the "Company")
Notification of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs")
The Company announces that it was notified on 11 March 2024 of the following transactions by Alex Whitehouse, Duncan Leggett, Mark Hughes, Paul Thompson and David Wilkinson.
On 11 March 2024, each of the above PDMR's exercised awards over ordinary shares of 10p each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). Sufficient Shares were subsequently sold to cover income tax and employee national insurance, at a price of 153.85p per share.
| Name | Title | Number of options exercised
| Number of Shares sold to cover tax and NI | Number of Shares retained |
| Alex Whitehouse | Chief Executive Officer | 225,852 | 106,364 | 119,488 |
| Duncan Leggett | Chief Financial Officer | 53,833 | 25,353 | 28,480 |
| Mark Hughes | Procurement and Central Ops Director | 196,221 | 92,410 | 103,811 |
| Paul Thompson | Operations Director | 82,000 | 38,618 | 43,382 |
| David Wilkinson | Human Resources Director | 176,301 | 83,029 | 93,272 |
The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.
12 March 2024
ENQUIRIES
For further information please contact:
Simon Rose
General Counsel & Company Secretary
+44 (0) 1727 815 850
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Alex Whitehouse | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Premier Foods plc | |
| b) | LEI | 213800ZD5I8XHNMCJA67 | |
| 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 ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Acquisition of Shares following the exercise of an option granted under the Premier Foods Long Term Incentive Plan Award 2017. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| nil | 225,852 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
| 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 instrument, type of instrument Identification code | Ordinary shares of 10p each ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Sale of Shares to cover income tax and employee national insurance.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 153.85p | 106,364 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Duncan Leggett | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Premier Foods plc | |
| b) | LEI | 213800ZD5I8XHNMCJA67 | |
| 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 ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Acquisition of Shares following the exercise of an option granted under the Premier Foods Long Term Incentive Plan Award 2017. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| nil | 53,833 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
| 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 instrument, type of instrument Identification code | Ordinary shares of 10p each ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Sale of Shares to cover income tax and employee national insurance.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 153.85p | 25,353 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Mark Hughes | |
| 2 | Reason for the notification | ||
| a) | Position/status | Procurement and Central Ops Director | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Premier Foods plc | |
| b) | LEI | 213800ZD5I8XHNMCJA67 | |
| 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 ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Acquisition of Shares following the exercise of an option granted under the Premier Foods Long Term Incentive Plan Award 2017. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| nil | 196,221 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
| 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 instrument, type of instrument Identification code | Ordinary shares of 10p each ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Sale of Shares to cover income tax and employee national insurance.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 153.85p | 92,410 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Paul Thompson | |
| 2 | Reason for the notification | ||
| a) | Position/status | Operations Director | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Premier Foods plc | |
| b) | LEI | 213800ZD5I8XHNMCJA67 | |
| 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 ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Acquisition of Shares following the exercise of an option granted under the Premier Foods Long Term Incentive Plan Award 2017. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| nil | 82,000 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
| 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 instrument, type of instrument Identification code | Ordinary shares of 10p each ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Sale of Shares to cover income tax and employee national insurance.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 153.85p | 38,618 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | David Wilkinson | |
| 2 | Reason for the notification | ||
| a) | Position/status | Human Resources Director | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Premier Foods plc | |
| b) | LEI | 213800ZD5I8XHNMCJA67 | |
| 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 ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Acquisition of Shares following the exercise of an option granted under the Premier Foods Long Term Incentive Plan Award 2017. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| nil | 176,301 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
| 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 instrument, type of instrument Identification code | Ordinary shares of 10p each ("Shares") ISIN: GB00B7N0K053 | |
| b) | Nature of the transaction | Sale of Shares to cover income tax and employee national insurance.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 153.85p | 83,029 | ||
| d)
| Aggregated information - Aggregated volume - Price | N/A
| |
| e) | Date of the transaction | 11 March 2024 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
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