Associated British Foods PLC

Director's Dealing • Nov 26, 2013

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RNS Number : 0000U

Associated British Foods PLC

26 November 2013

Associated British Foods plc

Director shareholdings

26 November 2013

The notifications listed below were received today by Associated British Foods plc (the 'Company') under paragraph 3.1.2 of the Disclosure and Transparency Rules. 

1.    Ordinary shares of 515/22 pence in the Company, awarded under the Associated British Foods Share Incentive Plan 2003 (the 'Plan') on 20 December 2010, vested on Saturday 23 November 2013 and were released on the first subsequent trading day, Monday 25 November 2013, to the Company's two executive directors, as follows:

Director	No. of shares acquired on vesting
George Weston	137,928 shares
John Bason	92,584 shares

The closing mid-market price on 25 November 2013, was 2290 pence per share. 

On 25 November 2013, George Weston sold 65,022 shares at a price of 2271.5 pence per share, for the purpose of meeting his tax liability on the 137,928 shares acquired on vesting and, on the same date, John Bason sold 62,584 shares at a price of 2271.5 pence per share, partly for the purpose of meeting his tax liability on the 92,584 shares acquired on vesting.  The transactions took place on the London market.

2.   A conditional allocation of ordinary shares of 515/22 pence in the Company was made to each of the following directors of the Company on 25 November 2013 under the terms of the Plan:

Director	No. of shares conditionally allocated
George Weston	84,181 shares
John Bason	55,402 shares

The allocation was made on the basis of an allocation price of 2321.2 pence (being the average of the daily closing mid-market prices for the shares over the five consecutive business days 18 to 22 November 2013 inclusive) in accordance with the terms of the Plan.

This information is provided by RNS

The company news service from the London Stock Exchange

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