Bakkavor Group PLC — Director's Dealing 2019

Apr 11, 2019

National Storage Mechanism | Additional information

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RNS Number : 9084V

Bakkavor Group PLC

11 April 2019

Bakkavor Group PLC

11 April 2019

Bakkavor Group plc

Director / PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated ("PCA") with them.

Bakkavor Group plc (the "Company") was notified on 10 April 2019, that Umbriel Ventures Limited, the corporate holding structure and PCA of Lydur Gudmundsson, a Director/PDMR of the Company, has entered into a Security Interest Agreement ("the Agreement") with HSBC Bank plc, Guernsey Branch (the "Bank") and granted a pledge in favour of the Bank over 130,000,000 Ordinary shares in the Company as security in connection with the Agreement.

Lydur Gudmundsson remains the beneficial owner of the shares subject to the pledge and retains control of the voting rights attached to such shares. As such, Lydur Gudmundsson's interests in the voting rights of the Company are unchanged and he continues to have an interest in 145,333,130 Ordinary shares of 2 pence each, representing 25.1% of the voting rights and issued share capital of the Company.

Details are set out in the table below along with the Director's beneficial interests, which remain unchanged.

Name	Number of Shares pledged	Holding of Shares	Holding as a percentage of issued Ordinary share capital
Umbriel Ventures Limited (corporate holding structure of Lydur Gudmundsson)	130,000,000	145,333,130	25.1%

The Notification of Dealing Form, under the Market Abuse Regulation, can be found below.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Umbriel Ventures Limited
2	Reason for the notification
a)	Position/status	Corporate holding structure and PCA of Lydur Gudmundsson (Director/PDMR)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bakkavor Group plc
b)	LEI	213800COL7AD54YU9949
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	Bakkavor Group plc Ordinary shares of 2 pence each GB00BF8J3Z99
b)	Nature of the transaction	Umbriel Ventures Limited, the corporate holding structure and PCA of Lydur Gudmundsson, a Director/PDMR of Bakkavor Group plc, has entered into a Security Interest Agreement ("the Agreement") with HSBC Bank plc, Guernsey Branch (the "Bank") and granted a pledge in favour of the Bank over 130,000,000 Ordinary shares in Bakkavor Group plc as security in connection with the Agreement. Lydur Gudmundsson remains the beneficial owner of the shares subject to the pledge and retains control of the voting rights attached to such shares. Following this transaction, Lydur Gudmundsson's interests in the voting rights of the Company are unchanged and he continues to have an interest in 145,333,130 Ordinary shares, representing 25.1% of the voting rights and issued share capital of the Company.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
N/A	130,000,000
d)	Aggregated information - Aggregated volume - Price	130,000,000 N/A
e)	Date of the transaction	10 April 2019
f)	Place of the transaction	Outside a trading venue

-Ends-

Enquiries

Company Secretarial:

Simon Witham, General Counsel and Company Secretary                                +44 (0) 20 7908 6142

Institutional investors and analysts:

Sally Barret-Jolley, Head of Corporate Affairs                                                        +44 (0) 20 7908 6143

Media enquiries:

Tulchan Communications                                                                                       +44 (0) 20 7353 4200

Will Smith, Jessica Reid

ABOUT BAKKAVOR

Bakkavor is the leading provider of fresh prepared food ("FPF") in the UK, with a growing international presence in the United States and China. The Group is the number one by market share in the UK in the four FPF product categories of Meals, Salads, Desserts and Pizza & Bread, providing high-quality, fresh, healthy and convenient food. Its customers include all the well-known UK grocery retailers as well as some of the world's best-known international food brands.

The Group's International segment operates in the US and China. As these FPF markets continue to grow, Bakkavor seeks to leverage its UK expertise in order to build its presence in these territories.

Bakkavor was founded in 1986 and has its headquarters in London. The Group has over 19,000 employees and operates 25 factories in the UK, 5 in the US and 9 in China.

LEI number: 213800COL7AD54YU9949

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