Hilton Food Group PLC Director/PDMR Shareholding (2726Y)

TIDMHFG

RNS Number : 2726Y

Hilton Food Group PLC

11 May 2021

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

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                    Philip Heffer              Nigel Majewski 
     ---------------------  ------------------------  ------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status        CEO                        CFO 
     ---------------------  ------------------------  ------------------------- 
 b)   Initial notification   Initial notification       Initial notification 
       /Amendment 
     ---------------------  ------------------------  ------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                     Hilton Food Group plc 
     -----------------------  ------------------------------------------------- 
 b)   LEI                      213800JY7VJFS2OOX355 
     -----------------------  ------------------------------------------------- 
 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              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 
       transaction              the Hilton Food Group Long-Term Incentive 
                                Plan 2019. 
 
                                Awards will normally vest on 11 May 2024 
                                subject to continued employment and meeting 
                                performance conditions covering the three 
                                financial years 2021-2023. The performance 
                                conditions include: 
                                i) EPS growth, carrying a 70% weighting, 
                                with threshold growth of 6% per annum where 
                                10% of the options will vest rising to EPS 
                                growth of at least 13% per annum where 100% 
                                of the options will vest; and 
                                ii) TSR growth, carrying a 30% weighting, 
                                with threshold vesting for median performance 
                                against the constituents of the FTSE 250 
                                (excluding investment trusts) where 10% 
                                of the options will vest rising to TSR growth 
                                of at least upper quartile performance where 
                                100% of the options will vest. 
     -----------------------  ------------------------------------------------- 
 c)   Price(s) and              Name              Price(s)    Volume(s) 
       volume(s)                 Philip Heffer        Nil       73,089 
                                 Nigel Majewski       Nil       59,202 
                                                  ----------  ---------- 
     -----------------------  ------------------------------------------------- 
 d)   Aggregated 
       information               Not applicable. 
 
       - Aggregated 
       volume 
 
 
       - Price 
     -----------------------  ------------------------------------------------- 
 e)   Date of the              11 May 2021 
       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

11 May 2021

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END

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May 11, 2021 09:50 ET (13:50 GMT)