27 Nov 2018 15:52
Associated British Foods plc
Director/PDMR Shareholdings
27 November 2018
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 23 November 2015 at an allocation price of 3462.0p per share vested and were released on 23 November 2018 to the Company's two executive directors as follows:
Director | No. of shares acquired on vesting |
George Weston | 59,388 |
John Bason | 39,110 |
Over 23 and 26 November 2018, George Weston sold 27,997 shares at an average price of 2494.509p per share for the purpose of meeting his tax liability on the shares acquired on vesting. Over the same dates, John Bason sold 18,438 shares at an average price of 2494.509p per share, for the purpose of meeting his tax liability on the shares acquired on vesting.
The notifications for each director below, which were 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
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. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2018-11-23
| ||||
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
| 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 to cover tax liability. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2018/11/26
| ||||
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
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. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction [YYYY-MM-DD] | 2018/11/23
| ||||
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 to cover a tax liability. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A
| ||||
e) | Date of the transaction [YYYY-MM-DD] |
2018/11/26 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
AB Foods (ABF)