Last checked at 10 Dec 2019 16:29
Associated British Foods plc
Director/PDMR Shareholdings
10 December 2019
A conditional allocation of ordinary shares of 515/22 pence in Associated British Foods plc (the 'Company') was made to each of the following directors of the Company on 9 December 2019 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 allocated under the LTIP plan | No. of shares conditionally allocated under the STIP plan |
George Weston | 86,943 | 21,736 |
John Bason | 57,430 | 14,358 |
The allocation was made on the basis of an allocation price of 2507.4 pence (being the average of the daily closing mid-market prices for the shares over the five consecutive business days 2 to 6 December inclusive) in accordance with the terms of the 2016 Plans.
The notifications below provide further detail of the awards granted to each director and are made in accordance with the requirements of Article 19 of the Market Abuse Regulation.
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 Long Term Incentive Plan", vesting in 2022, 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] | 2019-12-09
| ||||
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 2022, 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] | 2019-12-09
| ||||
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 Long Term Incentive Plan", vesting in 2022, 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] | 2019-12-09
| ||||
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 2022, 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] | 2019-12-09 | ||||
f) | Place of the transaction | Outside a trading venue | ||||