Director/PDMR Shareholding
Premier Foods plc announced that Catherine Thompson, Chief Marketing Officer, and Ruth McGowan, Chief Strategy and Transformation Officer, were granted nil cost options under the 2025/26 Long Term Incentive Plan on November 19, 2025. Thompson received an award for 100,859 ordinary shares, while McGowan was awarded 54,849 ordinary shares. These awards are subject to vesting on the third anniversary of the grant date and achievement of relative total shareholder return and adjusted earnings per share performance conditions, with no consideration payable for the grant or exercise of the options.
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Following their appointment to the Executive Leadership Team of the Company this year, Catherine Thompson (née Lloyd) and Ruth McGowan (both persons discharging managerial responsibilities), were each granted an award over ordinary shares of 10p each in the Company, under the Premier Foods Long Term Incentive Plan (the "LTIP"), on 19 November 2025 (the "Grant Date"), as set out below.
| Name | Title | Number of shares subject to option |
|---|---|---|
| Catherine Thompson (née Lloyd) | Chief Marketing Officer | 100,859 |
| Ruth McGowan | Chief Strategy and Transformation Officer | 54,849 |
Each award is structured as a nil cost option to acquire shares for nil consideration. They will normally vest and become exercisable under the LTIP on the third anniversary of the Grant Date and remain exercisable until the day before the tenth anniversary of the Grant Date, subject to the participant continuing to hold an office or employment within the group and the achievement of two independent performance conditions.
The first condition comprises of a relative total shareholder return based condition that will apply to 50% of the total number of shares held under an award and the second is an adjusted earnings per share-based target that will apply to 50% of the total number of shares held under an award. No consideration was paid for the grant of the award, and no consideration shall be payable when the award is exercised. Details of the 2025/26 LTIP award are set out in the Company's FY24/25 Annual Report, which can be viewed on the Group's website (www.premierfoods.co.uk).
| a) | Name | Premier Foods plc |
| b) | LEI | 213800ZD5I8XHNMCJA67 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053 |
| b) | Nature of the transaction | Grant of award under the Premier Foods plc Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 100,859 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 19 November 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Ruth McGowan |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Strategy and Transformation Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Premier Foods plc |
| b) | LEI | 213800ZD5I8XHNMCJA67 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10p each ("Shares") in the capital of Premier Foods plc ISIN: GB00B7N0K053 |
| b) | Nature of the transaction | Grant of award under the Premier Foods plc Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 54,849 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 19 November 2025 |
| 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.