This notification is made by Associated British Foods plc (the ‘Company’) in accordance with DTR 3.1.4 R.
The Company was notified yesterday by RBC Trust Company (Jersey) Limited, as trustee of the Associated British Foods Share Incentive Plan 2003 that ordinary shares of 515/22p in the Company, awarded under the plan on 21 November 2008, vested and were released on 21 November 2011 to the two executive directors, as follows:
Director | | | | | | | | | Number of shares acquired on vesting |
| | | | | | | | | |
George Weston | | | | | | | | | 131,741 shares |
| | | | | | | | | |
John Bason | | | | | | | | | 87,827 shares |
The market price on the date of vesting, 21 November 2011, was £10.70 per share.
On 21 November 2011, for the purpose in part of meeting their respective tax liabilities on the shares acquired on vesting, George Weston sold 68,712 of the 131,741 shares he acquired at a price of £10.73 per share and John Bason sold 82,827 shares of the 87,827 shares he acquired at a price of 10.73 per share. The transactions took place on the London market.