3 JUNE 2024
ASSOCIATED BRITISH FOODS PLC
DIRECTOR/PDMR SHAREHOLDING
Associated British Foods plc ('the Company') has been notified of the following transactions in its shares by Howard Investments Limited ('Howard Investments'), a wholly-owned subsidiary of its majority shareholder Wittington Investments Limited ('Wittington Investments'), further to the announcements made on behalf of Wittington Investments and Howard Investments on 30 and 31 May 2024.
Howard Investments is considered to be a 'person closely associated' with George Weston (Chief Executive of the Company) and Emma Adamo (Non-Executive Director of the Company) for the purposes of the notification requirements contained in Article 19 of the UK Market Abuse Regulation.
The first notification relates to the dematerialisation of shares held by Howard Investments in certificated form, with no change to beneficial ownership. The second notification relates to the sale of those shares through the accelerated bookbuild process referred to in the Results of placing of ordinary shares in Associated British Foods PLC announcement issued on 31 May 2024.
The notifications below, which are made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation, provide further detail.
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name
| Howard Investments Limited
| ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| The notification concerns a person closely associated with persons discharging managerial responsibilities. The relevant persons discharging managerial responsibilities are George Weston, the Chief Executive of Associated British Foods plc and Emma Adamo, Non-Executive Director of Associated British Foods plc. | ||||
| 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 5 15/22p
GB0006731235 | ||||
| b)
| Nature of the transaction
| Dematerialisation of certificated shareholdings by way of disposals to a nominee company with no change of ultimate beneficial ownership
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume - Price
|
n/a | ||||
| e)
| Date of the transaction
| 2024-05-30 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name
| Howard Investments Limited
| ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| The notification concerns a person closely associated with persons discharging managerial responsibilities. The relevant persons discharging managerial responsibilities are George Weston, the Chief Executive of Associated British Foods plc and Emma Adamo, Non-Executive Director of Associated British Foods plc. | ||||
| 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 5 15/22p
GB0006731235 | ||||
| b)
| Nature of the transaction
| Sale of shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume - Price
|
n/a | ||||
| e)
| Date of the transaction
| 2024-05-31 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
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