Associated British Foods PLC

Remuneration Information • Mar 6, 2023

National Storage Mechanism | Additional information

RNS Number : 0551S

Associated British Foods PLC

06 March 2023

Associated British Foods plc ('the Company')

Director/PDMR Shareholdings

6 March 2023

Conditional allocation of shares

In connection with the buyout of forfeited incentive schemes in relation to his former employer, a conditional allocation of ordinary shares of 515/22 pence in the Company was made to the following director of the Company on 3 March 2023 under Listing Rule 9.4.2 (2):

Director	Total number of shares conditionally allocated
Eoin Tonge	240,229

The allocation was made on the basis of an allocation price of 1604.613636 pence (using the average share price of M&S (138.1840909p) and the average share price of the Company (1604.613636p) over the month prior to the announcement on 21 July 2022 that Eoin Tonge would be joining the Company).

The notifications for the director below, which are made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provide further details of the conditional allocation.

ASSOCIATED BRITISH FOODS PLC

DIRECTOR/PDMR SHAREHOLDING

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 Designate

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 Listing Rule 9.4.2 (2), in lieu of deferred M&S bonus shares, vesting on 3 July 2025, subject to certain performance conditions.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	35,511

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2023-03-03

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

Eoin Tonge

2

Reason for the notification

a)

Position/status

Finance Director Designate

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 Listing Rule 9.4.2 (2), in lieu of M&S RSP awards, vesting on 3 July 2023, subject to certain performance conditions.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	22,656

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2023-03-03

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

Eoin Tonge

2

Reason for the notification

a)

Position/status

Finance Director Designate

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 Listing Rule 9.4.2 (2), in lieu of M&S 20-23 PSP award, vesting on 3 July 2023, subject to certain performance conditions.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	90,383

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2023-03-03

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

Eoin Tonge

2

Reason for the notification

a)

Position/status

Finance Director Designate

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 Listing Rule 9.4.2 (2), in lieu of M&S 2021-24 PSP award, vesting on 19 November 2024, subject to certain performance conditions.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	84,611

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2023-03-03

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

Eoin Tonge

2

Reason for the notification

a)

Position/status

Finance Director Designate

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 Listing Rule 9.4.2 (2), in lieu of M&S 2022-25 PSP award, vesting on 17 November 2025, subject to certain performance conditions.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	7,068

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

[YYYY-MM-DD]

2023-03-03

f)

Place of the transaction

Outside a trading venue

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