Premier Foods is to launch a share incentive plan (Sip) for its employees.
Under the proposed terms of the scheme, which is aimed at increasing employee share ownership, the food manufacturer wlll award 500 free shares to all UK-based employees.
Gavin Darby, chief executive officer at Premier Foods, said: “I believe that the 2014 free share award is an excellent way to align the interests of our employees with shareholders.
”As we embark on the next stage of our strategy to drive category growth, this share plan will focus the organisation and enable employees to share in our long-term success.”
