Premier Foods PLC announced that on 11th March 2024, several persons discharging managerial responsibilities (PDMRs) exercised awards over ordinary shares in the company under the Long Term Incentive Plan (LTIP). The PDMRs then sold a portion of the shares to cover income tax and employee national insurance, at a price of 153.85p per share. The shares retained after the sale varied for each PDMR, with the Chief Executive Officer retaining 119,488 shares, the Chief Financial Officer retaining 28,480 shares, the Procurement and Central Ops Director retaining 103,811 shares, the Operations Director retaining 43,382 shares, and the Human Resources Director retaining 93,272 shares.
The notifications were provided in accordance with the requirements of the Market Abuse Regulation. The transactions were conducted outside a trading venue, and the sale of shares to cover tax and NI took place on the London Stock Exchange (XLON).
The Chief Executive Officer, Chief Financial Officer, and other PDMRs exercised options granted under the Premier Foods Long Term Incentive Plan Award 2017. The nature of the transactions included the acquisition of shares and the subsequent sale of shares to cover tax and national insurance.
The Company Secretary, Simon Rose, is the contact person for further information.
This notification provides insight into the transactions made by PDMRs at Premier Foods PLC, shedding light on the exercise of awards and the subsequent sale of shares to cover tax and national insurance.