Premier Foods PLC

Remuneration Information • Jun 6, 2016

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RNS Number : 3461A

Premier Foods plc

06 June 2016

6 June 2016

Premier Foods plc (the "Company")

Share Interests of directors and Persons Discharging Managerial Responsibilities ("PDMRs")

2016 Long Term Incentive Plan Award

On 3 June 2016 (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	1,440,141
Jette Andersen	Managing Director, International	423,529
Mark Hughes	Procurement & Central Operations Director	555,842
Graham Hunter	Managing Director, Sweet Treats	600,058
Richard Johnson	Corporate Affairs Director	489,647
Andrew McDonald	Corporate Development & Legal Director	528,051
Mark Vickery	Information Systems & Change Director	504,400
Alex Whitehouse	Managing Director, Grocery	648,063
David Wilkinson	Human Resources Director	480,047

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. 

2016 Deferred Share Bonus Plan Award

On 3 June 2016 (the "Grant Date") Alastair Murray was granted an award over 157,560 ordinary shares of 10p each in the Company under the Deferred Share Bonus Plan (the "DSBP") in respect of the financial year ended 2 April 2016.

The award was structured as a nil cost option to acquire shares for nil consideration and will normally vest and become exercisable under the DSBP on the second anniversary of the Grant Date and shall normally remain exercisable during the period of six months starting on the date of vesting, subject to the participant continuing to hold an office or employment within the group.

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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