Director Shareholdings

RNS Number : 0089S

Associated British Foods PLC

26 November 2012

 



Associated British Foods plc

Director shareholdings

26 November 2012

The notifications listed below were received today by Associated British Foods plc (the 'Company') under paragraph 3.1.2 of the Disclosure and Transparency Rules. 

1.    Ordinary shares of 5^15/22 pence in the Company, awarded under the Associated British Foods Share Incentive Plan 2003 (the 'Plan') on 23 November 2009, vested and were released on 23 November 2012 to two of the Company's executive directors, as follows:

Director	No. of shares acquired on vesting
George Weston	125,646 shares
John Bason	84,373 shares

The market price on the date of vesting, 23 November 2012, was 1450 pence per share. 

On 23 November 2012, for the purpose in part of meeting their respective tax liabilities on the shares acquired on vesting, George Weston sold 65,533 of the 125,646 shares he acquired at a price of 1442.65 pence per share and John Bason sold 64,373 shares of the 84,373 shares he acquired at a price of 1442.65 pence per share.  The transactions took place on the London market.

2.   A conditional allocation of ordinary shares of 5^15/22 pence in the Company was made to each of the following directors of the Company on 23 November 2012 under the terms of the Plan:

Director	No. of shares conditionally allocated
George Weston	132,552 shares
John Bason	87,205 shares

The allocation was made on the basis of an allocation price of 1433.4 pence (being the average of the daily closing mid-market prices for the shares over the five consecutive business days 16 to 22 November 2012 inclusive) in accordance with the terms of the Plan.

 

END

 

 

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