21st Nov 2006 16:44
Associated British Foods PLC21 November 2006 21st November 2006 ASSOCIATED BRITISH FOODS plc Associated British Foods Executive Share Incentive Plan 2003 Further to the announcement made on 20th November 2006, Associated British Foodsplc (the "Company") announces that it received notification on 20th November2006 and 21st November 2006 for the purposes of Section 329 of the Companies Act1985 from the Royal Bank of Canada (Jersey) Limited (the "Trustee"), as trusteeof the Associated British Foods Executive Share Incentive Plan 2003 (the "Plan"), that the Trustee acquired 400,000 of the Company's ordinary shares of 5 15/22 pence ("Ordinary Shares"). The Ordinary Shares were acquired by the Trusteeas follows:- Date of Acquisition Shares acquired Average price per ordinary share 20 November 2006 200,000 890.09p 21 November 2006 200,000 888.20p 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 following conditional allocations of ordinary shares of 5 15/22 pence weremade to directors of the Company on 21st November 2006 under the terms of thePlan:- George G. Weston 94,793 shares John G. Bason 68,812 shares The allocation was made on the basis of an allocation price of 890.10 pence(being the average of the daily closing mid-market prices for the shares over 5consecutive days) in accordance with the terms of the Plan. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AB Foods