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Bakkavor Group PLC - Director/PDMR Shareholding

RNS Number : 1179C
Bakkavor Group PLC
14 October 2020
 

 

 

 

 

14 October 2020

 

NOTIFICATION DEALING WITH GRANT OF AWARDS TO PDMRS

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

 

On 14 October 2020 the following awards over (or in relation to) ordinary shares of 2 pence in Bakkavor Group plc were granted under the Bakkavor Group plc Deferred Annual Bonus Plan to the following person(s) discharging managerial responsibilities:

 

PDMR

No. of shares (or notional shares) under Award

Type of Award

Agust Gudmundsson

49,960

Cash Conditional Award

Peter Gates

48,607

Nil cost Option

 

 

 

 

The awards will ordinarily become exercisable (or vest as relevant) on the third anniversary of grant subject to the grantee's continued service.

 

To the extent the Cash Conditional Award vests a cash payment will be made equal to the value of the notional shares.

 

To the extent the Nil cost Option is exercised ordinary shares will be acquired.

 

Details of the full notifications received by the Company are set out below.

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Agust Gudmundsson

2

Reason for Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Bakkavor Group plc

b)

LEI

213800COL7AD54YU9949

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 2 pence each in Bakkavor Group plc

 

 

GB00BF8J3Z99

b)

Nature of the transaction

A cash conditional award relating to notional shares granted under the Bakkavor Group Plc Deferred Annual Bonus Plan.

 

 

c)

Price(s) and volume(s)

Price(s)

 

Volume(s)

Nil

 

 

49,960

 

d)

Date of the transaction

14 October 2020

e)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Gates

2

Reason for Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Bakkavor Group plc

b)

LEI

213800COL7AD54YU9949

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 2 pence each in Bakkavor Group plc

 

 

GB00BF8J3Z99

b)

Nature of the transaction

A nil cost option over ordinary shares granted under the Bakkavor Group Plc Deferred Annual Bonus Plan.

 

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

48,607

 

 

d)

Date of the transaction

14 October 2020

d)

Place of the transaction

Outside a trading venue

 

 

 

 

-Ends-

Enquiries

Company Secretarial:

Annabel Tagoe-Bannerman, General Counsel and Company Secretary                                 +44(0)20 7908 6130

 

Institutional investors and analysts:

Sally Barret-Jolley, Head of Corporate Affairs                                                                           +44 (0) 20 7908 6143

Media enquiries:

Tulchan Communications                                                                                                           +44 (0) 20 7353 4200

Will Smith

About Bakkavor 

Bakkavor is the leading provider in the large and fast-growing UK Fresh Prepared Food (FPF) market, which consists of the four categories of Meals, Salads, Desserts and Pizza & Bread, and has a growing international presence in the US and China.

In the UK the Group is the number one producer by market share in all four FPF categories, supplying all of the UK's leading grocery retailers, including Tesco, Marks & Spencer, Sainsbury's and Waitrose.

The International segment has operations in the US and China, supplying both retail and foodservice customers.

LEI number: 213800COL7AD54YU9949

 

 

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END
 
 
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Quick facts: Bakkavor

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Market: LSE
Market Cap: -
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