RNS Number : 7117I
SABMiller PLC
03 June 2014
 



SABMiller plc (the "Company")

 

Executive Share Award Plan 2008

 

Notification of transactions of directors, persons discharging managerial responsibility or connected persons in accordance with DTR 3.1

 

On 2 June 2014, the following Directors and Persons Discharging Managerial Responsibility ("PDMR") were provisionally allocated nil cost awards under the Company's Executive Share Award Plan 2008 in respect of the number of US$0.10 ordinary shares in the Company as set out below. The release of shares is subject to satisfaction of the applicable performance condition.

 

 

Director/PDMR

Performance Share Award

(EPS-based

performance

condition

Note 1)

Value Share Award

(TSR-based

performance

condition

Note 2)

A J Clark*

J S Wilson*

75,434

45,799

 

125

75

N J Adami

39,874

70

M J Bowman

30,710

60

S M Clark

30,710

60

J Davidson

16,702

30

D J De Lorenzo

15,090

30

N T Fell

19,934

35

C A van Kralingen

25,866

45

K G Lippert

30,710

60

C J May

15,090

30

A Mervis

30,710

60

 

* Director

 

(Note 1)    The awards of a fixed number of EPS-based performance shares are subject to testing against the Company's three-year adjusted earnings per share growth.  

 

(Note 2)    The specified number of TSR-based performance shares have been awarded for each £10 million of additional shareholder value created, defined as the amount by which the growth in the Company's market capitalisation plus net equity cash flows exceeds the median growth of a weighted peer group index, over three, four and five year performance periods. One third of the shares will be tested against the performance condition on the third, fourth and fifth anniversaries of the grant date respectively, and the number of shares capable of being released will depend on the degree of TSR out-performance to those dates. If there is no TSR out-performance at the relevant date, one-third of the award will lapse, with no opportunity for retesting.

 

 

Name of contact and telephone number for queries

Bill Warner: 01483 264268

 

Name of duly authorised officer of issuer responsible for making notification

John Davidson, General Counsel & Group Company Secretary

 

 

3 June 2014


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