ABF.L

Associated British Foods Plc
Assoc.British Foods - Director/PDMR Shareholding
21st November 2024, 16:24
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RNS Number : 2178N
Associated British Foods PLC
21 November 2024
 

Associated British Foods plc

 

Director/PDMR Shareholdings

 

21 November 2024

Vesting and sale of shares

Ordinary shares of 515/22 pence in Associated British Foods plc (the 'Company'), awarded on 19 November 2021 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'), vested and were released on 19 November 2024 to the Company's Chief Executive, George Weston, as follows: 

 

Director

No. of shares acquired on vesting under the LTIP Plan

No. of shares acquired on vesting under the STIP Plan

George Weston

106,809

13,366

 

On 19 November 2024, George Weston sold 56,653 shares at an average price of 2160.7345 p per share for the purpose of meeting his tax liabilities on the shares acquired in respect of the above.

 

Vesting and sale of shares

Ordinary shares of 515/22 pence in Associated British Foods plc (the 'Company'), awarded on 3 March 2023 in lieu of the M&S 2021-24 PSP, vested and were released on 19 November 2024 to the Company's Finance Director, Eoin Tonge, as follows: 

 

Director

No. of shares acquired on vesting in lieu of the M&S 2021-24 PSP award

Eoin Tonge

73,265

 

On 19 November 2024, Eoin Tonge sold 34,539 shares at an average price of 2160.7345 p per share for the purpose of meeting his tax liabilities on the shares acquired in respect of the above.

 

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

 

Acquisition of shares on the vesting and release of an award under the terms of the Associated British Foods plc Long‐Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

Nil

106,809

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2024-11-19

 

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

 

Acquisition of shares on the vesting and release of an award under the terms of the Associated British Foods plc Short‐Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

Nil

13,366

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2024-11-19

 

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

 

Sale of shares to cover tax liabilities

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

2160.7345p

56,653

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2024-11-19

 

f)

Place of the transaction

London Stock Exchange (XLON)

 

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 and release of an award in lieu of the M&S 2021-24 PSP.

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

Nil

73,265

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2024-11-19

 

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

 

Sale of shares to cover tax liabilities

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

2160.7345p

34,539

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2024-11-19

 

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

 

 

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