Associated British Foods PLC Director/PDMR Shareholding (9446G)
November 25 2015 - 7:24AM
UK Regulatory
TIDMABF
RNS Number : 9446G
Associated British Foods PLC
25 November 2015
Associated British Foods plc
Director/PDMR Shareholdings
25 November 2015
The following notifications were received yesterday by
Associated British Foods plc (the 'Company') under paragraph 3.1.2
of the Disclosure and Transparency Rules.
1. Ordinary shares of 5(15/22) pence in the Company, awarded
under the Associated British Foods Share Incentive Plan 2003 (the
'Plan') on 23 November 2012 at an allocation price of 1433.4 pence
per share, vested and were released on 23 November 2015, to the
Company's two executive directors, as follows:
Director No. of shares acquired
on vesting
--------------- -----------------------
George Weston 24,575
--------------- -----------------------
John Bason 16,168
--------------- -----------------------
The closing mid-market price on 23 November 2015 was 3471.0
pence per share.
Over 23 and 24 November 2015, George Weston sold 11,586 shares
at a price of 3451.79 pence per share, for the purpose of meeting
his tax liability on the shares acquired on vesting. On the same
date, John Bason sold 11,168 shares at a price of 3451.79 pence per
share, in part to meet his tax liability on the shares acquired on
vesting. The transactions took place on the London market.
2. 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 2015 under the terms of the Associated
British Foods Long-Term Incentive Plan (the '2013 Plan'):
Director No. of shares conditionally
allocated
--------------- ----------------------------
George Weston 59,388
--------------- ----------------------------
John Bason 39,110
--------------- ----------------------------
The allocation was made on the basis of an allocation price of
3462.0 pence (being the average of the daily closing mid-market
prices for the shares over the five consecutive business days 16 to
20 November 2015 inclusive) in accordance with the terms of the
2013 Plan.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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