Director/PDMR Shareholding

RNS Number : 0413Y

Associated British Foods PLC

26 November 2014

 



Associated British Foods plc

Director shareholdings

26 November 2014

The notifications listed below were received yesterday by Associated British Foods plc (the 'Company') under paragraph 3.1.2 of the Disclosure and Transparency Rules. 

1.    Ordinary shares of 5^15/22 pence in the Company, awarded under the Associated British Foods Share Incentive Plan 2003 (the 'Plan') on 23 November 2011 at an allocation price of 1098.4 pence per share, vested and were released on Monday 24 November 2014, to the Company's two executive directors, as follows:

Director	No. of shares acquired on vesting
George Weston	166,606 shares
John Bason	109,614 shares

The closing mid-market price on 24 November 2014 was 3053.0 pence per share. 

On 24 November 2014, George Weston sold 78,541 shares at a price of 3067.1 pence per share, for the purpose of meeting his tax liability on the shares acquired on vesting.  On the same date, John Bason sold 99,614 shares at a price of 3067.1 pence per share, partly for the purpose of meeting his tax liability on the shares acquired on vesting.  The transactions took place on the London market.

2.   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 24 November 2014 under the terms of the Associated British Foods Long-Term Incentive Plan (the '2013 Plan'):

Director	No. of shares conditionally allocated
George Weston	64,620 shares
John Bason	42,564 shares

The allocation was made on the basis of an allocation price of 3101.2 pence (being the average of the daily closing mid-market prices for the shares over the five consecutive business days 17 to 21 November 2014 inclusive) in accordance with the terms of the 2013 Plan.

 

END

 

 

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