Director/PDMR Shareholding
Updated : 16:54
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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 |
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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.
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c) | Price(s) and volume(s) |
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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.
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c) | Price(s) and volume(s) |
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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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