Director/PDMR Shareholding

Associated British Foods PLC

10 December 2025

 

Associated British Foods plc

Director/PDMR Shareholdings

10 December 2025

Conditional allocation of shares

A conditional allocation of ordinary shares of 5^15/22 pence in Associated British Foods plc (the 'Company') was made to each of the following directors of the Company on 8 December 2025 under the terms of the Associated British Foods plc 2025 Restricted Share Plan (RSP) and the Associated British Foods plc 2025 Short-Term Incentive Plan (the 'STIP') (together the 'Plans'):

Director	No. of shares conditionally allocated under the RSP	No. of shares conditionally allocated under the STIP
George Weston	121,399	30,350
Eoin Tonge	91,320	22,830

The allocation was made on the basis of an allocation price of 2,124.4p (being the average of the daily closing prices for the shares over the five consecutive trading days from Monday 1 December 2025 to Friday 5 December 2025 inclusive).

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	Grant of conditional award under the terms of the Associated British Foods plc 2025 Restricted Share Plan, vesting in 2028, subject to certain performance underpins.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 121,399
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2025-12-08
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	Grant of conditional award under the terms of the Associated British Foods plc 2025 Short-Term Incentive Plan, vesting in 2028, subject to certain performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 30,350
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2025-12-08
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	Executive 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 2025 Restricted Share Plan, vesting in 2028, subject to certain performance underpins.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 91,320
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2025-12-08
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	Executive 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 2025 Short-Term Incentive Plan, vesting in 2028, subject to certain performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 22,830
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction [YYYY-MM-DD]	2025-12-08
f)	Place of the transaction	Outside a trading venue

 

END