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viewAssociated British Foods PLC

Director/PDMR Shareholding

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RNS Number : 8946U
Associated British Foods PLC
27 November 2019
 

Associated British Foods plc

 

Director/PDMR Shareholdings

 

27 November 2019

Ordinary shares of 515/22 pence in Associated British Foods plc (the 'Company'), awarded under the terms of the Associated British Foods Long Term Incentive Plan on 12 December 2016 and Short Term Incentive Plan on 12 December 2016 at an allocation price of 2625.0p per share vested and were released on 25 November 2019 to the Company's two executive directors as follows: 

 

Director

No. of shares acquired on vesting

George Weston

67,080

John Bason

44,178

 

Over the period 25 and 26 November 2019, George Weston sold 31,623 shares at an average price of 2536.21p per share for the purpose of meeting his tax liability on the shares acquired on vesting.  Over the same dates, John Bason sold 20,827 shares at an average price of 2536.21p per share, for the purpose of meeting his tax liability on the shares acquired on vesting.

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 of the awards granted to each director.

 

 

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

 

Identification code

Ordinary shares of 515/22p

 

 

 

ISIN: 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 Long Term Incentive Plan and Short Term Incentive Plan.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

N/A

67,080

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2019-11-25

f)

Place of the transaction

Outside a trading venue

 

 

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

 

Identification code

Ordinary shares of 515/22p

 

 

 

ISIN: GB0006731235

b)

Nature of the transaction

 

Sale of a proportion of the shares acquired on the vesting and release of an award under the terms of the Associated British Foods Long Term Incentive Plan and Short Term Incentive Plan to cover tax liability.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

2536.21p

31,623

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2019-11-26

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

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 the financial instrument, type of instrument

 

Identification code

Ordinary shares of 515/22p

 

 

 

ISIN: 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 Long Term Incentive Plan and Short Term Incentive Plan.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

N/A

44,178

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2019-11-25

f)

Place of the transaction

Outside a trading venue

 

 

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 the financial instrument, type of instrument

 

Identification code

Ordinary shares of 515/22p

 

 

 

GB0006731235

b)

Nature of the transaction

 

Sale of a proportion of the shares acquired on the vesting and release of an award under the terms of the Associated British Foods Long Term Incentive Plan and Short Term Incentive Plan to cover a tax liability.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

2536.21p

20,827

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

 

e)

Date of the transaction

[YYYY-MM-DD]

 

 

2019-11-26

f)

Place of the transaction

London Stock Exchange (XLON)

 


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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Associated British Foods PLC

Price: 2670

Market: LSE
Market Cap: £21.14 billion
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