Hilton Food Group PLC Director/PDMR Shareholding (4725Z)

TIDMHFG

RNS Number : 4725Z

Hilton Food Group PLC

15 May 2023

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                   Philip Heffer                Steve Murrells         Matt Osborne 
     ---------------------  ---------------------------  ---------------------  ------------------------------- 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------------------------------------------- 
 a)   Position/status        CEO                          CEO elect                CFO 
     ---------------------  ---------------------------  -----------------------  ----------------------------- 
 b)   Initial notification   Initial notification         Initial notification     Initial notification 
       /Amendment 
     ---------------------  ---------------------------  -----------------------  ----------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------------------------------- 
 a)   Name                     Hilton Food Group plc 
     -----------------------  --------------------------------------------------------------------------------- 
 b)   LEI                      213800JY7VJFS2OOX355 
     -----------------------  --------------------------------------------------------------------------------- 
      Details of the transaction(s): section to be repeated for (i) 
  4    each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv) each place where transactions have been conducted 
     ---------------------------------------------------------------------------------------------------------- 
 a)   Description              Ordinary Shares of 10p each 
       of the financial 
       instrument, 
       type of instrument 
 
       Identification           HFG - GB00B1V9NW54 
       code 
     -----------------------  --------------------------------------------------------------------------------- 
 b)   Nature of the            Grant of Awards of Shares to Directors under the 
       transaction              Hilton Food Group Long-Term Incentive Plan 2019. 
 
                                Awards will normally vest on 15 May 2026 subject 
                                to continued employment and meeting performance conditions 
                                covering the three financial years 2023-2025. The 
                                performance conditions comprise: 
                                 Metric                   Weighting     Threshold       Maximum 100% 
                                                                        10% vesting        vesting 
                                 EPS                         60%        11% growth       17% growth 
                                                                         per annum        per annum 
                                                         ----------  ---------------  ---------------- 
                                 Relative TSR                25%          Median       Upper quartile 
                                  compared with 
                                  the constituents 
                                  of the FTSE 250 
                                  (excluding investment 
                                  trusts) 
                                                         ----------  ---------------  ---------------- 
                                 ESG 
                                 i) Scope 1 &                5%       35% reduction     52% reduction 
                                  2 energy efficiency                  over 3 years      over 3 years 
                                                         ----------  ---------------  ---------------- 
                                 ii) Scope 3 energy          5%       21% reduction     33% reduction 
                                  efficiency                           over 3 years      over 3 years 
                                                         ----------  ---------------  ---------------- 
                                 iii) People metrics-        5%        Specific measures by geography 
                                  diversity and                             to be assessed by the 
                                  engagement                               Remuneration Committee 
                                                         ----------  --------------------------------- 
 
 
                                Vesting for all the performance conditions above 
                                increase rise pro-rata between threshold and maximum 
                                limits. 
     -----------------------  --------------------------------------------------------------------------------- 
 c)   Price(s) and              Name              Price(s)    Volume(s) 
       volume(s)                 Philip Heffer        nil       100,406 
                                 Steve Murrells       nil       182,039 
                                 Matt Osborne         nil       55,479 
                                                  ----------  ---------- 
     -----------------------  --------------------------------------------------------------------------------- 
 d)   Aggregated 
       information               Not applicable. 
 
       - Aggregated 
       volume 
 
 
       - Price 
     -----------------------  --------------------------------------------------------------------------------- 
 e)   Date of the              15 May 2023 
       transaction 
     -----------------------  --------------------------------------------------------------------------------- 
 f)   Place of the             XOFF 
       transaction 
     -----------------------  --------------------------------------------------------------------------------- 
 
 

Name of authorised official of issuer responsible for making notification:

Neil George, Company Secretary, Tel. [phone], email: [e-mail]

Date of notification

15 May 2023

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(END) Dow Jones Newswires

May 15, 2023 12:02 ET (16:02 GMT)