Hilton Food Group PLC

Director's Dealing • May 13, 2024

National Storage Mechanism | Additional information

RNS Number : 2301O

Hilton Food Group PLC

13 May 2024

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

Steve Murrells

Matt Osborne

Philip Heffer

2

Reason for the notification

a)

Position/status

CEO

CFO

Advisor to the Board

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 13 May 2027 subject to continued employment and meeting performance conditions covering the three financial years 2024-2026. The performance conditions comprise:

Metric	Weighting	Threshold     10% vesting	Maximum   100% vesting
EPS	60%	7% growth       per annum	14% 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%	43% reduction over 3 years	53% reduction over 3 years
ii)    Scope 3 energy efficiency	5%	16% reduction over 3 years	19% reduction over 3 years
iii)   Proportion of high risk suppliers with valid SMETA Audit	2%	Increase to 80% after 3 years	Increase to 100% after 3 years
iv)   Proportion of employees who 'feel they can be themselves at work'	1.5%	2% increase over 3 years	11% increase over 3 years
v)    Proportion of leadership roles filled by women	1.5%	6% increase over 3 years	11% increase over 3 years

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)
Steve Murrells	nil	148,026
Matt Osborne	nil	59,613
Philip Heffer	nil	73,421

d)

Aggregated information

- Aggregated volume

- Price

Not applicable.

e)

Date of the transaction  

13 May 2024

f)

Place of the transaction  

XOFF

Name of authorised official of issuer responsible for making notification:

Neil George, Company Secretary, Tel. +44 (0) 1480 387214, email: cosec@hiltonfoodgroup.com

Date of notification

13 May 2024

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