Premier Foods PLC

Director's Dealing • Sep 4, 2018

National Storage Mechanism | Additional information

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RNS Number : 7461Z

Premier Foods plc

04 September 2018

4 September 2018

Premier Foods plc (the "Company")

Notification of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated

2018 Long Term Incentive Plan Award

On 3 September 2018 (the "Grant Date") the following member of the Executive Leadership Team of the Company was granted a Performance Share Award, 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 option
Simon Rose	General Counsel & Company Secretary	299,291

The Performance Share Award is structured as a nil cost option to acquire shares for nil consideration. It 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 seventh 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 the award and the second is an adjusted earnings per share based target that will apply to one-third of the total number of shares held under the award. No consideration was paid for the grant of the Performance Share Award and no consideration shall be payable when the Performance Share Award is exercised. 

The notification set out below is provided in accordance with the requirements of the Market Abuse Regulation.

ENQUIRIES:

For further information please contact:

Richard Godden

Director of Investor Relations and Treasury

+44 (0) 1727 815 850

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Rose

2

Reason for the notification

a)

Position/status

General Counsel & Company Secretary

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Foods plc

b)

LEI

213800ZD5I8XHNMCJA67

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 ("Shares") in the capital of Premier Foods plc

ISIN: GB00B7N0K053

b)

Nature of the transaction

Grant of a Performance Share Award under the Premier Foods plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	299,291

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

3 September 2018

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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