Last checked at 13 Dec 2022 17:24
Associated British Foods plc
Director/PDMR Shareholdings
13 December 2022
Conditional allocation of shares
A conditional allocation of ordinary shares of 515/22 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 allocated under the RSP | No. of shares conditionally 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
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
GB0006731235 | ||||
b) | Nature of the transaction
| Grant of conditional award under the terms of the Associated British Foods plc Restricted Share Plan 2022, vesting in 2025, subject to certain performance underpins. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2022-12-09
| ||||
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
GB0006731235 | ||||
b) | Nature of the transaction
| Grant of conditional award under the terms of the Associated British Foods plc 2016 Short-Term Incentive Plan, vesting in 2025, subject to certain performance conditions. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2022-12-09
| ||||
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
| Grant of conditional award under the terms of the Associated British Foods plc Restricted Share Plan 2022, vesting in 2025, subject to certain performance underpins. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2022-12-09
| ||||
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
| Grant of conditional award under the terms of the Associated British Foods plc 2016 Short-Term Incentive Plan, vesting in 2025, subject to certain performance conditions. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2022-12-09 | ||||
f) | Place of the transaction | Outside a trading venue | ||||