Assoc British Foods ABF Director Shareholdings

  Assoc British Foods (ABF) - 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.

 

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