Director/PDMR Shareholding

RNS Number : 7610R

Associated British Foods PLC

13 December 2016

 

Associated British Foods plc

Director/PDMR Shareholdings

13 December 2016

A conditional allocation of ordinary shares of 5^15/22 pence in the Company was made to each of the following directors of the Company on 12 December 2016 under the terms of the Associated British Foods plc 2016 Long-Term Incentive Plan (the 'LTIP Plan'), and the Associated British Foods plc 2016 Short-Term Incentive Plan (the 'STIP Plan'), (together the '2016 Plans'):

Director	No. of shares conditionally allocated under the LTIP plan	No. of shares conditionally allocated under the STIP plan
George Weston	81,676	20,419
John Bason	53,790	13,448

The allocation was made on the basis of an allocation price of 2625.0 pence (being the average of the daily closing mid-market prices for the shares over the five consecutive business days 5 to 9 December inclusive) in accordance with the terms of the 2016 Plans.

The notifications for each director below, which were made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provide further detail of the awards granted to each director.

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	George Weston
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Associated British Foods plc
b)	LEI	GBQKSY6W7G0OHCQ8OQ72
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 515/22p GB0006731235
b)	Nature of the transaction	Grant of conditional award under the terms of the Associated British Foods plc "2016 Long Term Incentive Plan", vesting in 2019, subject to certain performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 81,676
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12/12/2016
f)	Place of the transaction	Outside a trading venue

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	George Weston
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Associated British Foods plc
b)	LEI	GBQKSY6W7G0OHCQ8OQ72
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 515/22p GB0006731235
b)	Nature of the transaction	Grant of conditional award under the terms of the Associated British Foods plc "2016 Short Term Incentive Plan", vesting in 2019, subject to certain performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 20,419
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12/12/2016
f)	Place of the transaction	Outside a trading venue

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Bason
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Associated British Foods plc
b)	LEI	GBQKSY6W7G0OHCQ8OQ72
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 515/22p GB0006731235
b)	Nature of the transaction	Grant of conditional award under the terms of the Associated British Foods plc "2016 Long Term Incentive Plan", vesting in 2019, subject to certain performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 53,790
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12/12/2016
f)	Place of the transaction	Outside a trading venue

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Bason
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Associated British Foods plc
b)	LEI	GBQKSY6W7G0OHCQ8OQ72
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 515/22p GB0006731235
b)	Nature of the transaction	Grant of conditional award under the terms of the Associated British Foods plc "2016 Short Term Incentive Plan", vesting in 2019, subject to certain performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 13,448
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12/12/2016
f)	Place of the transaction	Outside a trading venue

 

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