Bakkavor Group PLC announced on March 26, 2024, that a person discharging managerial responsibilities (PDMR), Dave Selleck, acquired and sold ordinary shares in connection with the exercise/settlement of vested awards held under the Company's Long Term Incentive Plans (LTIP). The shares were acquired for 76.4p per share and for nil consideration on the exercise of vested nil-cost options held under the LTIP. The related same-day sale was made to satisfy the related income tax and employees' national insurance liabilities and exercise price, resulting in a net number of shares retained.
Dave Selleck, the Managing Director, acquired 106,167 shares at an exercise price of 76.4p per share for the 2017 LTIP award and 239,001 shares for nil cost for the 2020 LTIP awards. He sold 91,910 shares and 112,714 shares, respectively, to cover the tax liability and exercise costs, retaining 14,257 and 126,287 shares, respectively.
The transactions took place outside of a trading venue on March 22, 2024. The disposals to cover tax liability and exercise costs were made at a price of £1.0275 per share, with a volume of 204,624 shares, on the London Stock Exchange (XLON).
Bakkavor Group PLC is the leading provider of fresh prepared food in the UK, with a presence in the US and China. The company leverages consumer insight and scale to provide innovative food offerings that prioritize quality, choice, convenience, and freshness. With around 18,000 colleagues operating from 44 sites across the UK, US, and China, Bakkavor supplies a portfolio of over 3,000 products across meals, pizza & bread, salads, and desserts to leading grocery retailers in the UK and US, as well as international food brands in China.
For further information, institutional investors and analysts can contact Ben Waldron, Chief Financial Officer, and Richard Wooldridge, Interim Head of Investor Relations. For media inquiries, contact Katie Hunt, Rachel Farrington, or Oliver Hughes at MHP. More details about Bakkavor Group PLC can be found at www.bakkavor.com.