Director/PDMR Shareholding
Hilton Food Group plc announced on 3 August 2026 that on 31 July 2026, awards were granted under its Long-Term Incentive Plan 2019 to seven persons discharging managerial responsibilities, including the Group Chief Executive, Mark Allen, who received 261,883 ordinary shares, and the Chief Financial Officer, Matt Osborne, who received 132,648 ordinary shares. These awards are nil cost options with a normal vesting date of 31 July 2029, subject to continued service and satisfaction of performance conditions related to EPS growth, relative total shareholder return, and ESG metrics.
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Hilton Food Group plc, announces that on 31 July 2026 the following Awards over ordinary shares of 10 pence each in the Company were granted under the Hilton Food Group Long-Term Incentive Plan 2019 to the following persons discharging managerial responsibilities:
| Participant | Position | Number of Shares under Award | Normal Vesting Date |
|---|---|---|---|
| Mark Allen | Group Chief Executive | 261,883 | 31 July 2029 |
| Matt Osborne | Chief Financial Officer | 132,648 | 31 July 2029 |
| Samy Zekhout | Chief Operating Officer - West | 171,654 | 31 July 2029 |
| Melanie Chambers | Chief Operating Officer - East | 142,689 | 31 July 2029 |
| Willem Koole | Global Executive Director - Seafood, Vegetarian & Vegan | 71,458 | 31 July 2029 |
| Robin Miller | Group General Counsel & Company Secretary | 57,218 | 31 July 2029 |
| Rachel Lawrence | Deputy Company Secretary | 3,566 | 31 July 2029 |
The Awards were granted as nil cost options.
The Awards will ordinarily vest on their Normal Vesting Date, subject to the grantee's continued service and to the extent to which the Award's performance conditions are satisfied.
The performance conditions set threshold to stretch targets in respect of the Company's EPS performance (60% weighting), relative total shareholder performance (25% weighting) and performance against three ESG related measures (5% weighting each).
The underlying performance period comprises three consecutive financial years of the Company, commencing with the current financial year of the Company. For each performance measure, threshold performance results in 10% vesting, increasing pro-rata to full vesting for stretch levels of performance or better.
For the EPS element the threshold performance target is CAGR in EPS of 3% and the stretch performance target is CAGR in EPS of 8%.
For the TSR element threshold performance is median ranking TSR performance and the stretch target is for upper quartile TSR. The TSR element looks at the Company's TSR relative to that of a comparator group comprising the constituents of the FTSE 250 Index (excluding investment trust) as at the start of the performance period. Three month averaging periods prior to the start and end of the performance period would be used in respect of the TSR calculations.
The independent ESG metrics for the three ESG elements are (i) reduction in scope 1 & 2 energy; (ii) reduction in scope 3 energy and (iii) the proportion of leadership roles held by women.
The information set out below is provided in accordance with the requirements of UK MAR.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Mark Allen 2. Matt Osborne 3. Samy Zekhout 4. Melanie Chambers 5. Willem Koole 6. Robin Miller 7. Rachel Lawrence |
| 2 | Reason for Notification | |
| a) | Position/status | 1. Group Chief Executive 2. Chief Financial Officer 3. Chief Operating Officer - West 4. Chief Operating Officer - East 5. Global Executive Director - Seafood, Vegetarian & Vegan 6. Group General Counsel & Company Secretary 7. Deputy Company Secretary |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | Hilton Food Group plc |
| b) | LEI | 213800JY7VJFS2OOX355 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10 pence each ISIN - GB00B1V9NW54 |
| b) | Nature of the transaction | Grant of options over ordinary shares under the Hilton Food Group Long-Term Incentive Plan 2019 with an option price of nil pence per share. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 261,883 2. Nil 132,648 3. Nil 171,654 4. Nil 142,689 5. Nil 71,458 6. Nil 57,218 7. Nil 3,566 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transactions Nil |
| e) | Date of the transaction | 31 July 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.