Associated British Foods PLC

Director's Dealing • Dec 10, 2019

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RNS Number : 4175W

Associated British Foods PLC

10 December 2019

Associated British Foods plc

Director/PDMR Shareholdings

10 December 2019

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 9 December 2019 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'), (together the '2016 Plans'):

Director	No. of shares conditionally allocated under the LTIP plan	No. of shares conditionally allocated under the STIP plan
George Weston	86,943	21,736
John Bason	57,430	14,358

The allocation was made on the basis of an allocation price of 2507.4 pence (being the average of the daily closing mid-market prices for the shares over the five consecutive business days 2 to 6  December inclusive) in accordance with the terms of the 2016 Plans.

The notifications below provide further detail of the awards granted to each director and are made in accordance with the requirements of Article 19 of the Market Abuse Regulation.

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 "2016 Long Term Incentive Plan", vesting in 2022, subject to certain performance conditions.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	86,943

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2019-12-09

f)

Place of the transaction

Outside a trading venue

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 "2016 Short Term Incentive Plan", vesting in 2022, subject to certain performance conditions.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	21,736

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2019-12-09

f)

Place of the transaction

Outside a trading venue

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Bason

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 Long Term Incentive Plan", vesting in 2022, subject to certain performance conditions.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	57,430

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2019-12-09

f)

Place of the transaction

Outside a trading venue

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Bason

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 2022, subject to certain performance conditions.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	14,358

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2019-12-09

f)

Place of the transaction

Outside a trading venue

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