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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(END) Dow Jones Newswires

November 23, 2021 05:16 ET (10:16 GMT)

Grafico Azioni Associated British Foods (LSE:ABF)
Storico
Da Dic 2021 a Gen 2022 Clicca qui per i Grafici di Associated British Foods
Grafico Azioni Associated British Foods (LSE:ABF)
Storico
Da Gen 2021 a Gen 2022 Clicca qui per i Grafici di Associated British Foods