HFG.L

Hilton Food Group Plc
Hilton Food Grp Plc - Director/PDMR Shareholding
13th May 2024, 14:47
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RNS Number : 2301O
Hilton Food Group PLC
13 May 2024
 

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

 

 

Steve Murrells

  Matt Osborne

  Philip Heffer

2

 

Reason for the notification

a)

 

Position/status

 

CEO

 CFO

  Advisor to the Board

b)

 

Initial notification /Amendment 

Initial notification

 Initial notification

 Initial notification

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 of the financial instrument, type of instrument

 

Identification code 

 

Ordinary Shares of 10p each

 

 

 

 

HFG - GB00B1V9NW54

b)

 

Nature of the transaction  

Grant of Awards of Shares to Directors under the Hilton Food Group Long-Term Incentive Plan 2019.

 

Awards will normally vest on 13 May 2027 subject to continued employment and meeting performance conditions covering the three financial years 2024-2026. The performance conditions comprise:

 

Metric

Weighting

Threshold     10% vesting

Maximum   100% vesting

EPS

60%

7% growth       per annum

14% growth      per annum

Relative TSR compared with the constituents of the FTSE 250 (excluding investment trusts)

25%

Median

Upper quartile

ESG




i)     Scope 1 & 2 energy efficiency

5%

43% reduction over 3 years

53% reduction over 3 years

ii)    Scope 3 energy efficiency

5%

16% reduction over 3 years

19% reduction over 3 years

iii)   Proportion of high risk suppliers with valid SMETA Audit

2%

 Increase to 80% after 3 years

Increase to 100% after 3 years

iv)   Proportion of employees who 'feel they can be themselves at work'

1.5%

2% increase over 3 years

11% increase over 3 years

v)    Proportion of leadership roles filled by women

1.5%

6% increase over 3 years

11% increase over 3 years

 

Vesting for all the performance conditions above increase rise pro-rata between threshold and maximum limits.

 

 

c)

 

Price(s) and volume(s)

 

 

 

 Name

Price(s)

Volume(s)

 Steve Murrells

nil

148,026

  Matt Osborne

nil

59,613

  Philip Heffer

nil

73,421

  

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

Not applicable.

e)

 

Date of the transaction 

 

13 May 2024

f)

 

Place of the transaction 

 

XOFF

 

Name of authorised official of issuer responsible for making notification:

Neil George, Company Secretary, Tel. +44 (0) 1480 387214, email: cosec@hiltonfoodgroup.com

Date of notification

13 May 2024

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