TIDMABF
RNS Number : 5128G
Associated British Foods PLC
25 November 2020
Associated British Foods plc
Director/PDMR Shareholdings
25 November 2020
VESTING AND SALE OF STIP SHARES
Ordinary shares of 5(15/22) pence in Associated British Foods
plc (the 'Company'), awarded under the terms of the Associated
British Foods Short Term Incentive Plan on 20 November 2017 at an
allocation price of 3076.2p per share vested and were released on
20 November 2020 to the Company's two executive directors as
follows:
Director No. of shares acquired on vesting
George Weston 8,378
----------------------------------
John Bason 5,518
----------------------------------
Over the period 20 to 23 November 2020, George Weston sold 3,950
shares at an average price of 2007.1p per share for the purpose of
meeting his tax liability on the shares acquired on vesting. Over
the same dates, John Bason sold 1,518 shares at an average price of
2007.1p per share, for the purpose of meeting part of his tax
liability on the shares acquired on vesting.
CONDITIONAL ALLOCATION OF LTIP SHARES AND STIP 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 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'), (together the '2016 Plans'):
Director No. of shares conditionally No. of shares conditionally
allocated under the allocated under the STIP
LTIP Plan Plan
George Weston 107,873 26,968
---------------------------- ----------------------------
John Bason 71,255 17,814
---------------------------- ----------------------------
The allocation was made on the basis of an allocation price of
2020.9 pence (being the average of the daily closing mid-market
prices for the shares over the five business days from Friday 13
November to Thursday 19 November 2020 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 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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
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 Short Term Incentive Plan
========================= =================================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 8,378
----------
========================= =================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= =================================================
e) Date of the transaction 2020-11-20
[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 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
Short Term Incentive Plan to cover tax liability.
========================= ===================================================
c) Price(s) and Price(s) Volume(s)
volume(s) 2007.1p 3,950
----------
========================= ===================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ===================================================
e) Date of the transaction 2020-11-23
[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 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 2023,
subject to certain performance conditions.
========================= =============================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 107,873
----------
========================= =============================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= =============================================
e) Date of the transaction 2020-11-20
[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 2023,
subject to certain performance conditions.
========================= ==============================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 26,968
----------
========================= ==============================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ==============================================
e) Date of the transaction 2020-11-20
[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 Acquisition of shares on the vesting and
transaction release of an award under the terms of the
Associated British Foods Short Term Incentive
Plan
========================= ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 5,518
----------
========================= ===============================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ===============================================
e) Date of the transaction 2020-11-20
[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 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
Short Term Incentive Plan to cover part of
the tax liability.
========================= ==============================================
c) Price(s) and Price(s) Volume(s)
volume(s) 2007.1p 1,518
----------
========================= ==============================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ==============================================
e) Date of the transaction 2020-11-23
[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
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 2023,
subject to certain performance conditions.
========================= =============================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 71,255
----------
========================= =============================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= =============================================
e) Date of the transaction 2020-11-20
[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 2023,
subject to certain performance conditions.
========================= ==============================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 17,814
----------
========================= ==============================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ==============================================
e) Date of the transaction 2020-11-20
[YYYY-MM-DD]
========================= ==============================================
f) Place of the Outside a trading venue
transaction
========================= ==============================================
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END
DSHXELFLBFLEFBF
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November 25, 2020 08:53 ET (13:53 GMT)
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