Information  X 
Enter a valid email address

Bakkavor Group PLC (BAKK)

  Print      Mail a friend

Friday 26 October, 2018

Bakkavor Group PLC

Director/PDMR Shareholding

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

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
DSHLLFSEIRLEFIT

a d v e r t i s e m e n t