Director/PDMR Shareholding
Premier Foods plc announced on June 1, 2026, that its executive directors and members of the Executive Leadership Team received nil-cost options for deferred bonus awards and long-term incentive plan awards on May 29, 2026. Specifically, the Chief Executive Officer, Alex Whitehouse, was granted 112,249 shares under the Deferred Bonus Plan and 627,308 shares under the Long Term Incentive Plan, while the Chief Financial Officer, Duncan Leggett, received 70,861 shares under the Deferred Bonus Plan and 314,919 shares under the Long Term Incentive Plan. Other executive team members also received substantial LTIP awards, with vesting contingent on continued employment and performance conditions related to total shareholder return and adjusted earnings per share.
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Pursuant to the Company's shareholder-approved Remuneration Policy, one-third of any annual bonus awarded to executive directors is delivered in the form of shares deferred for a three-year period. On 29 May 2026 (the "Grant Date"), executive directors of the Company were granted deferred bonus awards, over shares of 10p each in the Company, under the Premier Foods Deferred Bonus Plan (the "DBP") as part of their annual bonus award for the financial year ended 28 March 2026.
| Name | Title | Number of shares subject to option |
|---|---|---|
| Alex Whitehouse | Chief Executive Officer | 112,249 |
| Duncan Leggett | Chief Financial Officer | 70,861 |
Each deferred bonus award is structured as a nil cost option to acquire shares for nil consideration. They will normally vest and become exercisable under the DBP on the third anniversary of the Grant Date and remain exercisable until the tenth anniversary of the Grant Date. No consideration was paid for the grant of the deferred bonus awards and no consideration shall be payable when a deferred bonus award is exercised.
2026 Long Term Incentive Plan Award
On 29 May 2026 (the "Grant Date"), the executive directors and members of the Executive Leadership Team of the Company (each a PDMR) were granted awards over ordinary shares of 10p each in the Company, under the Premier Foods Long Term Incentive Plan (the "LTIP"), as set out below.
| Name | Title | Number of shares subject to option |
|---|---|---|
| Alex Whitehouse | Chief Executive Officer | 627,308 |
| Duncan Leggett | Chief Financial Officer | 314,919 |
| Jo Cullen | Chief Information Officer | 124,449 |
| Catherine Thompson (née Lloyd) | Chief Marketing Officer | 137,524 |
| Ruth McGowan | Chief Strategy and Transformation Officer | 122,789 |
| Steve Morton | Chief Supply Chain Officer | 122,789 |
| Matt Roberts | Chief Customer Officer | 137,524 |
| Simon Rose | General Counsel & Company Secretary | 136,117 |
| David Wilkinson | HR and Communications Director | 142,514 |
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 awards and no consideration shall be payable when an award is exercised. Details of the 2026 LTIP award are set out in the Company's FY25/26 Annual Report, which will be published on 2 June 2026 and available to view 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 Deferred Bonus Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 112,249 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 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 627,308 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Duncan Leggett |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial 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 Deferred Bonus Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 70,861 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 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 314,919 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Jo Cullen |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Information 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 124,449 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Catherine Thompson (née Lloyd) |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Marketing 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 137,524 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| 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 122,789 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Steve Morton |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Supply Chain 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 122,789 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Matt Roberts |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Customer 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 137,524 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Simon Rose |
| 2 | Reason for the notification | |
| a) | Position/status | General Counsel & Company Secretary |
| 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 136,117 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | David Wilkinson |
| 2 | Reason for the notification | |
| a) | Position/status | HR and Communications Director |
| 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 142,514 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 29 May 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.