RNS Number : 3936N
Associated British Foods PLC
22 November 2024
 

Associated British Foods plc

 

Director/PDMR Shareholdings

 

22 November 2024

Conditional allocation of shares

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 22 November 2024 under the terms of the Restricted Share Plan 2022 (RSP) and the Associated British Foods plc 2016 Short-Term Incentive Plan (the 'STIP Plan') (together the 'Plans'):

 

Director

No. of shares conditionally allocated under the RSP

No. of shares conditionally allocated under the STIP Plan

George Weston

69,598

27,839

Eoin Tonge

43,571

17,428

 

The allocation was made on the basis of an allocation price of 2173.2 p (being the average of the daily closing mid-market prices for the shares over the five consecutive business days 15 to 21 November 2024 inclusive) in accordance with the terms of the Plans.

 

The notifications for the directors 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

 

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 2027, subject to certain performance underpins.

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

Nil

69,598

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2024-11-22

 

f)

Place of the transaction

Outside a trading venue

 

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 2027, subject to certain performance conditions.

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

Nil

27,839

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2024-11-22

 

f)

Place of the transaction

Outside a trading venue

 

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

 

Grant of conditional award under the terms of the Associated British Foods plc Restricted Share Plan 2022, vesting in 2027, subject to certain performance underpins.

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

Nil

43,571

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2024-11-22

 

f)

Place of the transaction

Outside a trading venue

 

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

 

Grant of conditional award under the terms of the Associated British Foods plc 2016 Short-Term Incentive Plan, vesting in 2027, subject to certain performance conditions.

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

Nil

17,428

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2024-11-22

 

f)

Place of the transaction

Outside a trading venue

 

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