Director/PDMR Shareholding

RNS Number : 6323Z

Hilton Food Group PLC

15 September 2022

 

Hilton Food Group plc

Director/PDMR Shareholding

On 17 May 2022, Hilton disclosed the grant of awards of Shares to Executive Directors under the Hilton Food Group Long-Term Incentive Plan 2019. For the first time, the Group's Long-Term Incentive Plan contains a significant ESG element. This is to ensure that Executive Directors are incentivised to achieve continued delivery against the Group's sustainable protein plan.

The details of the Relative TSR targets were published in May. However, as a result of the Board working through the integration of a number of acquisitions, the Board agreed to set and disclose the EPS and ESG targets post grant albeit no later than 30 September 2022.

Hilton is now able to confirm the complete performance conditions covering the three financial years 2022-2024 as follows.

Metric	Weighting	Threshold 10% vesting	Maximum 100% vesting
EPS	60%	5% growth per annum	12% growth per annum
Relative TSR compared with the constituents of the FTSE 250 (excluding investment trusts)	25%	Median	Upper quartile
ESG
i)  Scope 1 & 2 energy efficiency	5%	6.5% reduction over 3 years	43.9% reduction over 3 years
ii)  Packaging recycled content	5%	11.7% increase over 3 years	28.3% increase over 3 years
iii)  Food waste	5%	15.0% reduction over 3 years	30.0% reduction over 3 years

Vesting for all the performance conditions above increase rise pro-rata between threshold and maximum limits.

Further details of the awards will be set out in the next Directors' Remuneration Report in respect of the 2022 financial year.

For further enquiries please contact: 

Neil George 

Company Secretary 

Tel.: [phone], email: [e-mail]

 

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