Associated British Foods PLC Director/PDMR Shareholding (0551S)
March 06 2023 - 10:37AM
UK Regulatory
TIDMABF
RNS Number : 0551S
Associated British Foods PLC
06 March 2023
Associated British Foods plc ('the Company')
Director/PDMR Shareholdings
6 March 2023
Conditional allocation of shares
In connection with the buyout of forfeited incentive schemes in
relation to his former employer, a conditional allocation of
ordinary shares of 5(15/22) pence in the Company was made to the
following director of the Company on 3 March 2023 under Listing
Rule 9.4.2 (2):
Director Total number of shares conditionally allocated
Eoin Tonge 240,229
-----------------------------------------------
The allocation was made on the basis of an allocation price of
1604.613636 pence (using the average share price of M&S
(138.1840909p) and the average share price of the Company
(1604.613636p) over the month prior to the announcement on 21 July
2022 that Eoin Tonge would be joining the Company).
The notifications for the director below, which are made in
accordance with the requirements of Article 19 of the Market Abuse
Regulation, provide further details of the conditional
allocation.
ASSOCIATED BRITISH FOODS PLC
DIRECTOR/PDMR SHAREHOLDING
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Eoin Tonge
========================= ==============================================
Reason for the notification
2
=========================================================================
a) Position/status Finance Director Designate
========================= ==============================================
b) Initial notification/ Initial notification
Amendment
========================= ==============================================
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
=========================================================================
a) Name Associated British Foods plc
========================= ==============================================
b) LEI GBQKSY6W7G0OHCQ8OQ72
========================= ==============================================
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
GB0006731235
Identification
code
========================= ==============================================
b) Nature of the Grant of conditional award under Listing Rule
transaction 9.4.2 (2) , in lieu of deferred M&S bonus
shares, vesting on 3 July 2025, subject to
certain performance conditions.
========================= ==============================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 35,511
----------
========================= ==============================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ==============================================
e) Date of the transaction 2023-03-03
[YYYY-MM-DD]
========================= ==============================================
f) Place of the Outside a trading venue
transaction
========================= ==============================================
ASSOCIATED BRITISH FOODS PLC
DIRECTOR/PDMR SHAREHOLDING
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Eoin Tonge
========================= ================================================
Reason for the notification
2
===========================================================================
a) Position/status Finance Director Designate
========================= ================================================
b) Initial notification/ Initial notification
Amendment
========================= ================================================
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
===========================================================================
a) Name Associated British Foods plc
========================= ================================================
b) LEI GBQKSY6W7G0OHCQ8OQ72
========================= ================================================
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
GB0006731235
Identification
code
========================= ================================================
b) Nature of the Grant of conditional award under Listing Rule
transaction 9.4.2 (2) , in lieu of M&S RSP awards, vesting
on 3 July 2023, subject to certain performance
conditions.
========================= ================================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 22,656
----------
========================= ================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ================================================
e) Date of the transaction 2023-03-03
[YYYY-MM-DD]
========================= ================================================
f) Place of the Outside a trading venue
transaction
========================= ================================================
ASSOCIATED BRITISH FOODS PLC
DIRECTOR/PDMR SHAREHOLDING
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Eoin Tonge
========================= ==============================================
Reason for the notification
2
=========================================================================
a) Position/status Finance Director Designate
========================= ==============================================
b) Initial notification/ Initial notification
Amendment
========================= ==============================================
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
=========================================================================
a) Name Associated British Foods plc
========================= ==============================================
b) LEI GBQKSY6W7G0OHCQ8OQ72
========================= ==============================================
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
GB0006731235
Identification
code
========================= ==============================================
b) Nature of the Grant of conditional award under Listing Rule
transaction 9.4.2 (2) , in lieu of M&S 20-23 PSP award,
vesting on 3 July 2023, subject to certain
performance conditions.
========================= ==============================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 90,383
----------
========================= ==============================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= ==============================================
e) Date of the transaction 2023-03-03
[YYYY-MM-DD]
========================= ==============================================
f) Place of the Outside a trading venue
transaction
========================= ==============================================
ASSOCIATED BRITISH FOODS PLC
DIRECTOR/PDMR SHAREHOLDING
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Eoin Tonge
========================= =================================================
Reason for the notification
2
============================================================================
a) Position/status Finance Director Designate
========================= =================================================
b) Initial notification/ Initial notification
Amendment
========================= =================================================
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
============================================================================
a) Name Associated British Foods plc
========================= =================================================
b) LEI GBQKSY6W7G0OHCQ8OQ72
========================= =================================================
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
GB0006731235
Identification
code
========================= =================================================
b) Nature of the Grant of conditional award under Listing Rule
transaction 9.4.2 (2) , in lieu of M&S 2021-24 PSP award,
vesting on 19 November 2024, subject to certain
performance conditions.
========================= =================================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 84,611
----------
========================= =================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= =================================================
e) Date of the transaction 2023-03-03
[YYYY-MM-DD]
========================= =================================================
f) Place of the Outside a trading venue
transaction
========================= =================================================
ASSOCIATED BRITISH FOODS PLC
DIRECTOR/PDMR SHAREHOLDING
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Eoin Tonge
========================= =================================================
Reason for the notification
2
============================================================================
a) Position/status Finance Director Designate
========================= =================================================
b) Initial notification/ Initial notification
Amendment
========================= =================================================
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
============================================================================
a) Name Associated British Foods plc
========================= =================================================
b) LEI GBQKSY6W7G0OHCQ8OQ72
========================= =================================================
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares of 5(15/22) p
the financial
instrument, type
of instrument
GB0006731235
Identification
code
========================= =================================================
b) Nature of the Grant of conditional award under Listing Rule
transaction 9.4.2 (2) , in lieu of M&S 2022-25 PSP award,
vesting on 17 November 2025, subject to certain
performance conditions.
========================= =================================================
c) Price(s) and Price(s) Volume(s)
volume(s) N/A 7,068
----------
========================= =================================================
d) Aggregated information N/A
* Aggregated volume
* Price
========================= =================================================
e) Date of the transaction 2023-03-03
[YYYY-MM-DD]
========================= =================================================
f) Place of the Outside a trading venue
transaction
========================= =================================================
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END
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