Hilton Food Group PLC Director/PDMR Shareholding (6323Z)

TIDMHFG

RNS Number : 6323Z

Hilton Food Group PLC

15 September 2022

Hilton Food Group plc

Director/PDMR Shareholding

On 17 May 2022, Hilton disclosed the grant of awards of Shares to Executive Directors under the Hilton Food Group Long-Term Incentive Plan 2019. For the first time, the Group's Long-Term Incentive Plan contains a significant ESG element. This is to ensure that Executive Directors are incentivised to achieve continued delivery against the Group's sustainable protein plan.

The details of the Relative TSR targets were published in May. However, as a result of the Board working through the integration of a number of acquisitions, the Board agreed to set and disclose the EPS and ESG targets post grant albeit no later than 30 September 2022.

Hilton is now able to confirm the complete performance conditions covering the three financial years 2022-2024 as follows.

 
 Metric                        Weighting      Threshold       Maximum 100% 
                                             10% vesting         vesting 
 EPS                              60%         5% growth        12% growth 
                                              per annum         per annum 
                              ----------  ----------------  ---------------- 
 Relative TSR compared            25%          Median        Upper quartile 
  with the constituents 
  of the FTSE 250 (excluding 
  investment trusts) 
                              ----------  ----------------  ---------------- 
 ESG 
 i) Scope 1 & 2 energy            5%       6.5% reduction    43.9% reduction 
  efficiency                                 over 3 years      over 3 years 
                              ----------  ----------------  ---------------- 
 ii) Packaging recycled           5%       11.7% increase    28.3% increase 
  content                                    over 3 years      over 3 years 
                              ----------  ----------------  ---------------- 
       iii) Food waste            5%       15.0% reduction   30.0% reduction 
                                             over 3 years      over 3 years 
                              ----------  ----------------  ----------------

Vesting for all the performance conditions above increase rise pro-rata between threshold and maximum limits.

Further details of the awards will be set out in the next Directors' Remuneration Report in respect of the 2022 financial year.

For further enquiries please contact:

Neil George

Company Secretary

Tel.: +44 (0) 1480 387207, email: cosec@hiltonfoodgroup.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFELFFLKLFBBF

(END) Dow Jones Newswires

September 15, 2022 07:12 ET (11:12 GMT)

Hilton Food (LSE:HFG)
過去株価チャート
から 6 2024 まで 7 2024