Director/PDMR Shareholding

RNS Number : 5292G
Premier Foods plc
08 August 2016
 

Premier Foods plc (the Company)

 

Notification of transactions by persons discharging managerial responsibilities and persons closely associated

 

The Company announces that on 5 August 2016 Gavin Darby, Chief Executive Officer, acquired 662,058 ordinary shares of 10 pence each in the share capital of the Company ("Shares") and in addition received 397,752 Shares following the exercise of the final tranche of his Co-Investment Award. Following these transactions Mr Darby now beneficially holds 5,213,336 Shares representing 0.63% of the Company's issued share capital.

 

Acquisition of shares

On 5 August 2016 Mr Darby acquired 662,058 Shares at a price of 51.3634p. In addition to the 25% of any annual bonus awarded to Mr Darby in the form of Shares, Mr Darby elected to receive the balance of his annual bonus in the form of Shares and the above acquisition represents Mr Darby's entire annual bonus net of income tax and employee national insurance.

 

Co-Investment Award

The final tranche of Mr Darby's Co-Investment Award ("Award"), representing 751,814 Shares, vested on 1 May 2016. The Award is structured as a nil cost option. Mr Darby exercised the Award on 5 August 2016 and then sold sufficient Shares to cover income tax and employee national insurance on 5 August 2016 at a price of 51.375p per Share.

 

 Award Shares exercised

 

Number of Shares

sold to cover income tax and employee NI

Number of Shares retained

751,814

 354,062

397,752

 

 

Following these transactions Mr Darby's holding is as follows:

 

Name

Total number of Shares acquired/received

Total beneficial holding of Shares following the transactions

Total percentage of issued share capital following the transactions

Gavin Darby

1,059,810

5,213,336

0.63%

 

 

 

The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.

 

8 August 2016

 

ENQUIRIES:

 

For further information please contact:

Andrew McDonald
General Counsel & Company Secretary

+44 (0) 1727 815 850          

 

 

       

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

Gavin Darby

2

 

Reason for the notification

a)

 

Position/status

Chief Executive Officer

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

N/A

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")

ISIN: GB00B7N0K053

b)

 

Nature of the transaction

 

Acquisition of Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

51.3634p

662,058

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction

5 August 2016

f)

 

Place of the transaction

London Stock Exchange

5

 

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")

ISIN: GB00B7N0K053

b)

 

Nature of the transaction

 

Acquisition of Shares following the exercise of the final tranche of the CEO's Co-Investment Award. The Award is structured as a nil cost option.

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

N/A

751,814

d)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

e)

 

Date of the transaction

5 August 2016

f)

 

Place of the transaction

London Stock Exchange

6

 

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")

ISIN: GB00B7N0K053

b)

 

Nature of the transaction

 

Sale of Shares to cover income tax and employee national insurance following exercise of CEO's Co-Investment Award

c)

 

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

51.375p

354,062

d)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

e)

 

Date of the transaction

 

5 August 2016

f)

 

Place of the transaction

London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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