Director/PDMR Shareholding

RNS Number : 5993J

Associated British Foods PLC

13 December 2022

 

Associated British Foods plc

Director/PDMR Shareholdings

13 December 2022

Conditional allocation of shares

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 9 December 2022 under the terms of the Restricted Share Plan 2022 (RSP) and 2016 Short Term Incentive Plan (STIP) (together the 'Plans'):

Director	No. of shares conditionally allocated under the RSP	No. of shares conditionally allocated under the STIP
George Weston	69,537	34,769
John Bason	9,113	14,421

The allocation was made on the basis of an allocation price of 1,665.30 pence (being the average of the daily closing mid-market prices for the shares over the five consecutive business days 2 to 8 December 2022 inclusive) in accordance with the terms of the Plans.

The notifications for each director below, which are made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provide further details of the conditional allocations.

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 Restricted Share Plan 2022, vesting in 2025, subject to certain performance underpins.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 69,537
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2022-12-09
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 2025, subject to certain performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 34,769
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2022-12-09
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 Restricted Share Plan 2022, vesting in 2025, subject to certain performance underpins.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 9,113
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2022-12-09
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 2025, subject to certain performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 14,421
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2022-12-09
f)	Place of the transaction	Outside a trading venue

 

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