Director/PDMR Shareholding

RNS Number : 9767M

Associated British Foods PLC

26 January 2021

 

26 JANUARY 2021

ASSOCIATED BRITISH FOODS PLC
DIRECTOR/PDMR SHAREHOLDING

Associated British Foods plc ('the Company') has been notified of the following transactions in its shares by the trustees of the G H Weston 1964 Settlement ('the Trust'). The Trust has a number of beneficiaries, including George Weston the Chief Executive of the Company, and as such is considered to be a 'person closely associated' for the purposes of the notification requirements contained in the UK Market Abuse Regulation.

The first notification relates to a disposal of shares in the Company, which shares are held by the Trust for the benefit of a person other than George Weston.

The second notification relates to pledging of shares in the Company as security, which shares are held by the Trust for the benefit of George Weston.

The third notification relates to pledging of shares in the Company as security, which shares are held by the Trust for the benefit of people other than George Weston.

The notifications below, which are made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation, provide further detail.

ASSOCIATED BRITISH FOODS PLC
DIRECTOR/PDMR SHAREHOLDING

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	RBC Trust Company (Jersey) Limited and RBC Trustees (Jersey) Limited as trustees of the G H Weston 1964 Settlement
2	Reason for the notification
a)	Position/status	The notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant person discharging managerial responsibilities is George Weston, the Chief Executive of Associated British Foods plc.
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	Disposal of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 23.19 GBP 23.19 54,065 884,631
d)	Aggregated information - Aggregated volume - Price	938,696 GBP 23.19
e)	Date of the transaction	2021-01-21
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	RBC Trust Company (Jersey) Limited and RBC Trustees (Jersey) Limited as trustees of the G H Weston 1964 Settlement
2	Reason for the notification
a)	Position/status	The notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant person discharging managerial responsibilities is George Weston, the Chief Executive of Associated British Foods plc.
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	Pledging of shares in Associated British Foods plc held by a person closely associated with a person discharging managerial responsibilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A N/A 1,540,000 1,319,975
d)	Aggregated information - Aggregated volume - Price	2,859,975 N/A
e)	Date of the transaction	2021-01-21
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	RBC Trust Company (Jersey) Limited and RBC Trustees (Jersey) Limited as trustees of the G H Weston 1964 Settlement
2	Reason for the notification
a)	Position/status	The notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant person discharging managerial responsibilities is George Weston, the Chief Executive of Associated British Foods plc.
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	Pledging of shares in Associated British Foods plc held by a person closely associated with a person discharging managerial responsibilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A N/A N/A N/A N/A N/A 1,540,000 1,319,973 1,540,000 1,319,973 1,540,000 1,319,973
d)	Aggregated information - Aggregated volume - Price	8,579,919 N/A
e)	Date of the transaction	2021-01-21
f)	Place of the transaction	Outside a trading venue

 

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