20th Nov 2006 14:48
Associated British Foods PLC20 November 2006 20th November 2006 Associated British Foods Executive Share Incentive Plan 2003 Associated British Foods plc (the "Company") announces that it receivednotification on 17th November 2006 and 20th November 2006 for the purposes ofSection 329 of the Companies Act 1985 from the Royal Bank of Canada (Jersey)Limited (the "Trustee"), as trustee of the Associated British Foods ExecutiveShare Incentive Plan 2003 (the "Plan"), that the Trustee acquired 600,000 of theCompany's ordinary shares of 5 15/22 pence ("Ordinary Shares"). The OrdinaryShares were acquired by the Trustee as follows:- Date of Acquisition Shares acquired Average price per ordinary share 16 November 2006 300,000 891.94p 17 November 2006 300,000 895.45p The Plan takes the form of conditional allocations by the Trustee of OrdinaryShares to senior managers, including directors of the Company, which will bereleased if, and to the extent that, certain performance targets are satisfiedover a three year performance period. The allocation to directors of the Company will be determined in accordance withthe terms of the Plan in due course and a further announcement of thatallocation will then be made. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AB Foods