REG - Assoc.British Foods - Director/PDMR Shareholding

Associated British FoodsAnnouncement

27/11/2019 15:15

RNS Number : 8946U
Associated British Foods PLC
27 November 2019
 


Associated British Foods plc
 
Director/PDMR Shareholdings
 
27 November 2019
Ordinary shares of 515/22 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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