REG - Assoc.British Foods - Director/PDMR Shareholding
23/11/2021 10:20
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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 on vesting under the LTIP Plan No. of shares acquired on vesting under the 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 allocated under the LTIP Plan No. of shares conditionally allocated under the STIP 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 the financial instrument, type of instrument Ordinary shares of 5(15/22)p
Identification code
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 plc Long-Term Incentive Plan.
c) Price(s) and volume(s)
Price(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 transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
YYYY-MM-DD
2021-11-19
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 Ordinary shares of 5(15/22)p
Identification code
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 plc Short-Term Incentive Plan.
c) Price(s) and volume(s)
Price(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 transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
YYYY-MM-DD
2021-11-19
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 Ordinary shares of 5(15/22)p
Identification code
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 plc Long-Term Incentive
Plan and Short-Term Incentive Plan to cover tax liability.
c) Price(s) and volume(s)
Price(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 transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
YYYY-MM-DD
2021-11-22
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 Ordinary shares of 5(15/22)p
Identification code
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 plc Long-Term Incentive Plan.
c) Price(s) and volume(s)
Price(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 transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
YYYY-MM-DD
2021-11-19
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 Ordinary shares of 5(15/22)p
Identification code
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 plc Short-Term Incentive Plan.
c) Price(s) and volume(s)
Price(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 transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
YYYY-MM-DD
2021-11-19
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 Ordinary shares of 5(15/22)p
Identification code
GB0006731235
b) Nature of the transaction Grant of conditional award under the terms of the Associated British Foods plc
2016 Long-Term Incentive Plan, vesting in 2024, subject to certain performance
conditions.
c) Price(s) and volume(s)
Price(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 transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
YYYY-MM-DD
2021-11-19
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 Ordinary shares of 5(15/22)p
Identification code
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 2024, subject to certain
performance conditions.
c) Price(s) and volume(s)
Price(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 transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
YYYY-MM-DD
2021-11-19
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 Ordinary shares of 5(15/22)p
Identification code
GB0006731235
b) Nature of the transaction Grant of conditional award under the terms of the Associated British Foods plc
2016 Long-Term Incentive Plan, vesting in 2024, subject to certain performance
conditions.
c) Price(s) and volume(s)
Price(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 transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
YYYY-MM-DD
2021-11-19
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 Ordinary shares of 5(15/22)p
Identification code
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 2024, subject to certain
performance conditions.
c) Price(s) and volume(s)
Price(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 transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
YYYY-MM-DD
2021-11-19
f)
Place of the transaction
Outside a trading venue
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