Associated British Foods PLC

Director's Dealing • Nov 19, 2025

National Storage Mechanism | Additional information

RNS Number : 2454I

Associated British Foods PLC

19 November 2025

Associated British Foods plc

Director/PDMR Shareholdings

19 November 2025

Vesting and sale of shares for George Weston

Ordinary shares of 515/22 pence in Associated British Foods plc (the 'Company'), awarded on 9 December 2022 under the terms of the Associated British Foods plc Restricted Share Plan 2022 (the 'RSP') and the Associated British Foods plc 2016 Short-Term Incentive Plan (the 'STIP'), vested and were released on 17 November 2025 to the Company's Chief Executive, George Weston, as follows: 

Director	No. of shares acquired on vesting under the RSP	No. of shares acquired on vesting under the STIP
George Weston	69,537	23,354

On 17 November 2025, George Weston sold 43,660 shares at a price of GBP 21.03 per share for the purpose of meeting his tax liabilities on the shares acquired in respect of the above.

Vesting and sale of shares for Eoin Tonge

Ordinary shares of 515/22 pence in the Company, awarded on 3 March 2023 under the terms of the RSP and the STIP, and in lieu of the M&S 2022-25 PSP, vested and were released on 17 November 2025 to the Company's Executive Director, Eoin Tonge, as follows: 

Director	No. of shares acquired on vesting in lieu of the M&S 2022-25 PSP award	No. of shares acquired on vesting under the RSP	No. of shares acquired on vesting under the STIP
Eoin Tonge	7,068	54,420	12,591

On 17 November 2025, Eoin Tonge sold 34,818 shares at a price of GBP 21.03 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 Restricted Share Plan 2022.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	69,537

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2025-11-17

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 2016 Short‐Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	23,354

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2025-11-17

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)
GBP 21.03	43,660

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2025-11-17

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

Executive 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 2022-25 PSP.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	7,068

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2025-11-17

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

Executive 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 plc Restricted Share Plan 2022.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	54,420

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2025-11-17

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

Executive 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 plc 2016 Short Term Incentive Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	12,591

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2025-11-17

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

Executive 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)
GBP 21.03	34,818

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2025-11-17

f)

Place of the transaction

Outside a trading venue

Contacts:
+44 (0) 20 7399 6500 Ray Cahill (Director of Corporate Governance)      Paul Lister (Company Secretary)

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