REG - Assoc.British Foods - Director/PDMR Shareholding
23/11/2023 17:45
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231123:nRSW5245Ua&default-theme=true
RNS Number : 5245U Associated British Foods PLC 23 November 2023
Associated British Foods plc
Director/PDMR Shareholdings
23 November 2023
Vesting and sale of shares
Ordinary shares of 5(15/22) pence in Associated British Foods plc (the
'Company'), awarded on 20 November 2020 under the terms of the Associated
British Foods plc 2016 Long-Term Incentive Plan (the 'LTIP Plan') and the
Associated British Foods plc 2016 Short-Term Incentive Plan (the 'STIP Plan'),
vested and were released on 20 November 2023 to the Company's Chief Executive,
George Weston, 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 63,063 13,484
On 21 November 2023, George Weston sold 36,086 shares at an average price of
2349.5488 p per share for the purpose of meeting his tax liabilities on the
shares acquired in respect of the above.
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 23 November 2023
under the terms of the Restricted Share Plan 2022 (RSP) and the STIP Plan
(together the 'Plans'):
Director No. of shares conditionally allocated under the RSP No. of shares conditionally allocated under the STIP Plan
George Weston 61,293 24,517
Eoin Tonge 38,374 15,350
The allocation was made on the basis of an allocation price of 2361.6 p (being
the average of the daily closing mid-market prices for the shares over the
five consecutive business days 16 to 22 November 2023 inclusive) in accordance
with the terms of the Plans.
The notifications for the directors below, which are made in accordance with
the requirements of Article 19 of the Market Abuse Regulation, provide further
detail.
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 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)
Nil 63,063
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2023-11-20
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
2023-11-20
f)
Place of the transaction
Outside a trading venue
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 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)
Nil 13,484
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2023-11-20
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
2023-11-20
f)
Place of the transaction
Outside a trading venue
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 Sale of shares to cover tax liabilities
c) Price(s) and volume(s)
Price(s) Volume(s)
2349.5488p 36,086
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2023-11-21
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
2023-11-21
f)
Place of the transaction
London Stock Exchange (XLON)
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
Restricted Share Plan 2022, vesting in 2026, subject to certain performance
underpins.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 61,293
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2023-11-23
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
2023-11-23
f)
Place of the transaction
Outside a trading venue
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 2026, subject to certain
performance conditions.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 24,517
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2023-11-23
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
2023-11-23
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Eoin Tonge
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
Restricted Share Plan 2022, vesting in 2026, subject to certain performance
underpins.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 38,374
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2023-11-23
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
2023-11-23
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Eoin Tonge
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 2026, subject to certain
performance conditions.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 15,350
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2023-11-23
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
2023-11-23
f)
Place of the transaction
Outside a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHDXLFLXFLXFBFRecent news on Associated British Foods
See all newsREG - Assoc.British Foods - Transaction in Own Shares
AnnouncementREG - Assoc.British Foods - Transaction in Own Shares
AnnouncementREG - Assoc.British Foods - Transaction in Own Shares
AnnouncementREG - Assoc.British Foods - Director/PDMR Shareholding
AnnouncementREG - Assoc.British Foods - Response to media speculation
Announcement