Director/PDMR Shareholding

RNS Number : 8946U

Associated British Foods PLC

27 November 2019

 

Associated British Foods plc

Director/PDMR Shareholdings

27 November 2019

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 12 December 2016 and Short Term Incentive Plan on 12 December 2016 at an allocation price of 2625.0p per share vested and were released on 25 November 2019 to the Company's two executive directors as follows: 

Director	No. of shares acquired on vesting
George Weston	67,080
John Bason	44,178

Over the period 25 and 26 November 2019, George Weston sold 31,623 shares at an average price of 2536.21p per share for the purpose of meeting his tax liability on the shares acquired on vesting.  Over the same dates, John Bason sold 20,827 shares at an average price of 2536.21p per share, for the purpose of meeting his tax liability on the shares acquired on vesting.

The notifications for each director below, which are 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 ISIN: 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 and Short Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 67,080
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2019-11-25
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 ISIN: 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 and Short Term Incentive Plan to cover tax liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) 2536.21p 31,623
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2019-11-26
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 ISIN: 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 and Short Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 44,178
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2019-11-25
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 and Short Term Incentive Plan to cover a tax liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) 2536.21p 20,827
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2019-11-26
f)	Place of the transaction	London Stock Exchange (XLON)

 

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