Associated British Foods plc
Director/PDMR Shareholdings
21 November 2024
Vesting and sale of shares
Ordinary shares of 515/22 pence in Associated British Foods plc (the 'Company'), awarded on 19 November 2021 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'), vested and were released on 19 November 2024 to the Company's Chief Executive, George Weston, as follows:
| Director | No. of shares acquired on vesting under the LTIP Plan | No. of shares acquired on vesting under the STIP Plan |
| George Weston | 106,809 | 13,366 |
On 19 November 2024, George Weston sold 56,653 shares at an average price of 2160.7345 p per share for the purpose of meeting his tax liabilities on the shares acquired in respect of the above.
Vesting and sale of shares
Ordinary shares of 515/22 pence in Associated British Foods plc (the 'Company'), awarded on 3 March 2023 in lieu of the M&S 2021-24 PSP, vested and were released on 19 November 2024 to the Company's Finance Director, Eoin Tonge, as follows:
| Director | No. of shares acquired on vesting in lieu of the M&S 2021-24 PSP award |
| Eoin Tonge | 73,265 |
On 19 November 2024, Eoin Tonge sold 34,539 shares at an average price of 2160.7345 p 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 Long‐Term Incentive Plan. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction [YYYY-MM-DD] | 2024-11-19
| ||||
| 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 Short‐Term Incentive Plan. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction [YYYY-MM-DD] | 2024-11-19
| ||||
| 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)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction [YYYY-MM-DD] | 2024-11-19
| ||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||
| 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
| ||||
| 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 2021-24 PSP. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction [YYYY-MM-DD] | 2024-11-19
| ||||
| 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 | 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
| Sale of shares to cover tax liabilities | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction [YYYY-MM-DD] | 2024-11-19
| ||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||
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