Director/PDMR Shareholding

RNS Number : 7549X

Associated British Foods PLC

28 November 2017

 

Associated British Foods plc

Director/PDMR Shareholdings

28 November 2017

Ordinary shares of 5^15/22 pence in Associated British Foods plc (the 'Company'), awarded under the terms of the Associated British Foods Long Term Incentive Plan on 24 November 2014 at an allocation price of 3101.2p per share vested and were released on 24 November 2017 to the Company's two executive directors as follows: 

Director	No. of shares acquired on vesting
George Weston	32,969
John Bason	21,716

Over 24 and 27 November 2017, George Weston sold 15,543 shares at an average price of 3042.956p per share for the purpose of meeting his tax liability on the shares acquired on vesting.  Over the same dates, John Bason sold 21,716 shares at an average price of 3042.956p per share, in part to meeting his tax liability on the shares acquired on vesting.

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	Acquisition of shares on the vesting and release of an award under the terms of the Associated British Foods Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 32,969
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2017-11-24
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	Sale of a proportion of the shares acquired on the vesting and release of an award under the terms of the Associated British Foods Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) 3042.956p 15,543
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2017/11/27
f)	Place of the transaction	London Stock Exchange (XLON)

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	Acquisition of shares on the vesting and release of an award under the terms of the Associated British Foods Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 21,716
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2017/11/24
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	Sale of a proportion of the shares acquired on the vesting and release of an award under the terms of the Associated British Foods Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) 3042.956p 21,716
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2017/11/27
f)	Place of the transaction	London Stock Exchange (XLON)

 

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