TIDMABF
RNS Number : 2766T
Associated British Foods PLC
23 November 2021
Associated British Foods plc
Director/PDMR Shareholdings
23 November 2021
Vesting and sale of shares
Ordinary shares of 5(15/22) pence in Associated British Foods
plc (the 'Company'), awarded under the terms of the Associated
British Foods plc 2016 Long-Term Incentive Plan (the 'LTIP Plan')
on 19 November 2018 and the Associated British Foods plc 2016
Short-Term Incentive Plan (the 'STIP Plan') on 19 November 2018 at
an allocation price of 2517.2p per share vested and were released
on 19 November 2021 to the Company's two executive directors as
follows:
Director No. of shares acquired No. of shares acquired
on vesting under the LTIP on vesting under the
Plan STIP Plan
George Weston 34,642 16,050
--------------------------- -----------------------
John Bason 22,882 10,602
--------------------------- -----------------------
Over the period 19 and 22 November 2021, George Weston sold
23,897 shares at an average price of 1908.5296p per share for the
purpose of meeting his tax liability on the shares acquired on
vesting.
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 19 November 2021 under the terms of the LTIP Plan and
STIP Plan (together the '2016 Plans'):
Director No. of shares conditionally No. of shares conditionally
allocated under the LTIP allocated under the STIP
Plan Plan
George Weston 110,397 27,599
---------------------------- ----------------------------
John Bason 74,381 18,595
---------------------------- ----------------------------
The allocation was made on the basis of an allocation price of
1974.7 pence (being the average of the daily closing mid-market
prices for the shares over the five consecutive business days 12 to
18 November 2021 inclusive) in accordance with the terms of the
2016 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 awards granted to each
director, sale of shares and 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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
ISIN: GB0006731235
Identification
code
========================= =================================================
b) Nature of the Acquisition of shares on the vesting and release
transaction of an award under the terms of the Associated
British Foods plc Long-Term Incentive Plan.
========================= =================================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 34,642
----------
========================= =================================================
d) Aggregated information
* Aggregated volume N/A
* Price
========================= =================================================
e) Date of the transaction 2021-11-19
[YYYY-MM-DD]
========================= =================================================
f) Place of the Outside a trading venue
transaction
========================= =================================================
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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
ISIN: GB0006731235
Identification
code
========================= =================================================
b) Nature of the Acquisition of shares on the vesting and release
transaction of an award under the terms of the Associated
British Foods plc Short-Term Incentive Plan.
========================= =================================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 16,050
----------
========================= =================================================
d) Aggregated information
* Aggregated volume N/A
* Price
========================= =================================================
e) Date of the transaction 2021-11-19
[YYYY-MM-DD]
========================= =================================================
f) Place of the Outside a trading venue
transaction
========================= =================================================
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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
ISIN: GB0006731235
Identification
code
========================= ==============================================
b) Nature of the Sale of a proportion of the shares acquired
transaction on the vesting and release of an award under
the terms of the Associated British Foods
plc Long-Term Incentive Plan and Short-Term
Incentive Plan to cover tax liability.
========================= ==============================================
c) Price(s) and Price(s) Volume(s)
volume(s) 1908.5296p 23,897
----------
========================= ==============================================
d) Aggregated information
* Aggregated volume N/A
* Price
========================= ==============================================
e) Date of the transaction 2021-11-22
[YYYY-MM-DD]
========================= ==============================================
f) Place of the London Stock Exchange (XLON)
transaction
========================= ==============================================
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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
ISIN: GB0006731235
Identification
code
========================= =================================================
b) Nature of the Acquisition of shares on the vesting and release
transaction of an award under the terms of the Associated
British Foods plc Long-Term Incentive Plan.
========================= =================================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 22,882
----------
========================= =================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= =================================================
e) Date of the transaction 2021-11-19
[YYYY-MM-DD]
========================= =================================================
f) Place of the Outside a trading venue
transaction
========================= =================================================
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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
ISIN: GB0006731235
Identification
code
========================= =================================================
b) Nature of the Acquisition of shares on the vesting and release
transaction of an award under the terms of the Associated
British Foods plc Short-Term Incentive Plan.
========================= =================================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 10,602
----------
========================= =================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= =================================================
e) Date of the transaction 2021-11-19
[YYYY-MM-DD]
========================= =================================================
f) Place of the Outside a trading venue
transaction
========================= =================================================
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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
GB0006731235
Identification
code
========================= ====================================================
b) Nature of the Grant of conditional award under the terms
transaction of the Associated British Foods plc 2016 Long-Term
Incentive Plan, vesting in 2024, subject to
certain performance conditions.
========================= ====================================================
c) Price(s) and Price(s) Volume(s)
volume(s) 1974.7p 110,397
----------
========================= ====================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ====================================================
e) Date of the transaction 2021-11-19
[YYYY-MM-DD]
========================= ====================================================
f) Place of the Outside a trading venue
transaction
========================= ====================================================
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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
GB0006731235
Identification
code
========================= =============================================
b) Nature of the Grant of conditional award under the terms
transaction of the Associated British Foods plc 2016
Short-Term Incentive Plan, vesting in 2024,
subject to certain performance conditions.
========================= =============================================
c) Price(s) and Price(s) Volume(s)
volume(s) 1974.7p 27,599
----------
========================= =============================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= =============================================
e) Date of the transaction 2021-11-19
[YYYY-MM-DD]
========================= =============================================
f) Place of the Outside a trading venue
transaction
========================= =============================================
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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
GB0006731235
Identification
code
========================= ====================================================
b) Nature of the Grant of conditional award under the terms
transaction of the Associated British Foods plc 2016 Long-Term
Incentive Plan, vesting in 2024, subject to
certain performance conditions.
========================= ====================================================
c) Price(s) and Price(s) Volume(s)
volume(s) 1974.7p 74,381
----------
========================= ====================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ====================================================
e) Date of the transaction 2021-11-19
[YYYY-MM-DD]
========================= ====================================================
f) Place of the Outside a trading venue
transaction
========================= ====================================================
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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
GB0006731235
Identification
code
========================= =====================================================
b) Nature of the Grant of conditional award under the terms
transaction of the Associated British Foods plc 2016 Short-Term
Incentive Plan, vesting in 2024, subject to
certain performance conditions.
========================= =====================================================
c) Price(s) and Price(s) Volume(s)
volume(s) 1974.7p 18,595
----------
========================= =====================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= =====================================================
e) Date of the transaction 2021-11-19
[YYYY-MM-DD]
========================= =====================================================
f) Place of the Outside a trading venue
transaction
========================= =====================================================
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END
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