Last checked at 5 Jul 2023 09:30
Associated British Foods plc ('the Company')
Director/PDMR Shareholdings
5 July 2023
Award of shares
In connection with the buyout of a forfeited incentive scheme award granted by his former employer (the M&S 22-23 STIP), on 3 July 2023 the Company's Finance Director, Eoin Tonge, received a transfer of 27,459 ordinary shares of 515/22 pence in the Company in accordance with the provisions of Listing Rule 9.4.2(2).
Vesting of shares
In addition, on 3 July 2023, Mr Tonge received a transfer of 68,751 Ordinary shares of 515/22 pence in the Company, on the vesting of awards granted to him on 3 March 2023 (as announced on 6 March 2023).
Sale of shares
On 3 July 2023, Mr Tonge sold 45,355 shares at a price of 2006.7p per share for the purpose of meeting his tax liabilities on the shares acquired in respect of the above.
The notifications for the 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
| Eoin Tonge
| ||||
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
| Acquisition of shares of shares in lieu of the M&S 22-23 STIP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2023-07-03
| ||||
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
| Eoin Tonge
| ||||
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
| Acquisition of shares on the vesting of an award in lieu of the M&S RSP awards. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2023-07-03
| ||||
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
| Eoin Tonge
| ||||
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
| Acquisition of shares on the vesting of an award in lieu of the M&S 20-23 PSP. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2023-07-03
| ||||
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
| Eoin Tonge
| ||||
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 shares to cover tax liabilities. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2023-07-03
| ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||