TIDMABF

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   No. of shares conditionally 
                   allocated under the RSP       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

 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                       George Weston 
     =========================  ================================================ 
      Reason for the notification 
  2 
     =========================================================================== 
 a)   Position/status            Chief Executive 
     =========================  ================================================ 
 b)   Initial notification/ 
       Amendment                   Initial notification 
     =========================  ================================================ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     =========================================================================== 
 a)   Name                       Associated British Foods plc 
     =========================  ================================================ 
 b)   LEI                        GBQKSY6W7G0OHCQ8OQ72 
     =========================  ================================================ 
      Details of the transaction(s): section to be repeated for 
  4    (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 Restricted 
                                  Share Plan 2022, vesting in 2025, subject 
                                  to certain performance underpins. 
     =========================  ================================================ 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         69,537 
                                               ---------- 
     =========================  ================================================ 
 d)   Aggregated information     N/A 
        *    Aggregated volume 
 
 
        *    Price 
     =========================  ================================================ 
 e)   Date of the transaction    2022-12-09 
       [YYYY-MM-DD] 
     =========================  ================================================ 
 f)   Place of the               Outside a trading venue 
       transaction 
     =========================  ================================================ 
 

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                       George Weston 
     =========================  ============================================= 
      Reason for the notification 
  2 
     ======================================================================== 
 a)   Position/status            Chief Executive 
     =========================  ============================================= 
 b)   Initial notification/ 
       Amendment                   Initial notification 
     =========================  ============================================= 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ======================================================================== 
 a)   Name                       Associated British Foods plc 
     =========================  ============================================= 
 b)   LEI                        GBQKSY6W7G0OHCQ8OQ72 
     =========================  ============================================= 
      Details of the transaction(s): section to be repeated for 
  4    (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 2025, 
                                  subject to certain performance conditions. 
     =========================  ============================================= 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         34,769 
                                               ---------- 
     =========================  ============================================= 
 d)   Aggregated information     N/A 
        *    Aggregated volume 
 
 
        *    Price 
     =========================  ============================================= 
 e)   Date of the transaction    2022-12-09 
       [YYYY-MM-DD] 
     =========================  ============================================= 
 f)   Place of the               Outside a trading venue 
       transaction 
     =========================  ============================================= 
 

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                       John Bason 
     =========================  ================================================ 
      Reason for the notification 
  2 
     =========================================================================== 
 a)   Position/status            Finance Director 
     =========================  ================================================ 
 b)   Initial notification/ 
       Amendment                   Initial notification 
     =========================  ================================================ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     =========================================================================== 
 a)   Name                       Associated British Foods plc 
     =========================  ================================================ 
 b)   LEI                        GBQKSY6W7G0OHCQ8OQ72 
     =========================  ================================================ 
      Details of the transaction(s): section to be repeated for 
  4    (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 Restricted 
                                  Share Plan 2022, vesting in 2025, subject 
                                  to certain performance underpins. 
     =========================  ================================================ 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         9,113 
                                               ---------- 
     =========================  ================================================ 
 d)   Aggregated information     N/A 
        *    Aggregated volume 
 
 
        *    Price 
     =========================  ================================================ 
 e)   Date of the transaction    2022-12-09 
       [YYYY-MM-DD] 
     =========================  ================================================ 
 f)   Place of the               Outside a trading venue 
       transaction 
     =========================  ================================================ 
 

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                       John Bason 
     =========================  ===================================================== 
      Reason for the notification 
  2 
     ================================================================================ 
 a)   Position/status            Finance Director 
     =========================  ===================================================== 
 b)   Initial notification/ 
       Amendment                   Initial notification 
     =========================  ===================================================== 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ================================================================================ 
 a)   Name                       Associated British Foods plc 
     =========================  ===================================================== 
 b)   LEI                        GBQKSY6W7G0OHCQ8OQ72 
     =========================  ===================================================== 
      Details of the transaction(s): section to be repeated for 
  4    (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 2025, subject to 
                                  certain performance conditions. 
     =========================  ===================================================== 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         14,421 
                                               ---------- 
     =========================  ===================================================== 
 d)   Aggregated information     N/A 
        *    Aggregated volume 
 
 
        *    Price 
     =========================  ===================================================== 
 e)   Date of the transaction    2022-12-09 
       [YYYY-MM-DD] 
     =========================  ===================================================== 
 f)   Place of the               Outside a trading venue 
       transaction 
     =========================  ===================================================== 
 

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END

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December 13, 2022 12:24 ET (17:24 GMT)

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