Bakkavor Group PLC — Remuneration Information 2018

Oct 26, 2018

National Storage Mechanism | Additional information

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RNS Number : 2400F

Bakkavor Group PLC

26 October 2018

26 October 2018

NOTIFICATION DEALING WITH GRANT OF AWARDS TO PDMR

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 24 October 2018 the following awards over ordinary shares of 2 pence in Bakkavor Group plc were granted under the Bakkavor Group plc Long Term Incentive Plan to the following person discharging managerial responsibilities:

PDMR	No. of shares under Award	Type of Award
Donna-Maria Lee	95,899 47,949	Performance Share Award Restricted Share Award

Each award will ordinarily become exercisable (or vest as relevant) on the third anniversary of grant subject to the grantee's continued service and, in the case of the Performance Share Award, only to the extent to which the adjusted earnings per share and total shareholder return performance conditions set for the award are satisfied.

Details of the full notification received by the Company are set out below:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Donna-Maria Lee

2

Reason for Notification

a)

Position/status

Group 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

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

Ordinary Shares of 2 pence each in Bakkavor Group plc

GB00BF8J3Z99

b)

Nature of the transaction

Grant of nil cost option awards under the Bakkavor Group plc Long Term Incentive Plan. One award is a Performance Share Award and the other a Restricted Share Award both of which will ordinarily become exercisable three years from the date of grant, subject to continued service and once exercisable may ordinarily be exercised at any point up until the tenth anniversary of the date of grant. The Performance Share Award will only vest to the extent to which the adjusted earnings per share and total shareholder return performance conditions are met. No performance conditions apply to the Restricted Share Award.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil Nil	95,899 Performance Share Award 47,949 Restricted Share Award

d)

Aggregated information

-     Aggregated volume

-     Price

143,848

Nil

e)

Date of the transaction

24 October 2018

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

Media enquiries:

Tulchan Communications                                                                                   +44 (0)20 7353 4200

Catherine James, Will Smith, Jessica Reid

About Bakkavor

Bakkavor is the leading provider in the large and fast-growing UK Fresh Prepared Food (FPF) market, which consists of the four categories of Meals, Salads, Desserts and Pizza & Bread, and has a growing international presence in the US and China.

In the UK the Group is the number one producer by market share in all four FPF categories, supplying all of the UK's leading grocery retailers, including Tesco, M&S, Sainsbury's and Waitrose.

The International segment has operations in the US and China, supplying both retail and foodservice customers.

LEI number: 213800COL7AD54YU9949

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END

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