Premier Foods PLC

Remuneration Information • Jun 12, 2015

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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 RSP award shares exercised	Number of shares sold	Number of shares retained	Shareholding following transaction
Richard Johnson	Corporate Affairs 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

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