RNS Number : 7121I
SABMiller PLC
03 June 2014
 



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

 

 

The independent trustee of the SABMiller plc Employees' Benefit Trust (EBT) notified SABMiller plc (the Company) on 2 June 2014 that it had on 2 June 2014 exercised its discretion and released ordinary shares in the Company to persons discharging managerial responsibility (PDMRs), as summarised in the table below.  These shares relate to conditional awards of performance shares made on 1 June 2010 under the SABMiller plc Executive Share Award Plan 2008 which were released to the participants during the year ended 31 March 2014 based on the Company's TSR out-performance of the median of the comparator group up to the end of the month prior to their respective release dates.

 

As previously announced, one third of those shares were released to the participants on the respective release dates during the year ended 31 March 2014, with the remaining two-thirds of the shares being deferred and eligible for release in two further equal tranches on 1 June 2014 and 1 June 2015. There is no opportunity for the deferred shares to be retested against any future TSR out-performance, and the deferred shares remain subject to forfeiture under certain circumstances should a participant's employment terminate before the fifth anniversary of the date of the original award.

 

Although subject to the risk of forfeiture, participants are entitled to receive a notional dividend on their deferred shares, calculated by reference to dividends actually paid by the Company during the deferral period, and to be satisfied in the form of additional shares, subject to taxation, only once the deferred shares are free from forfeiture risk and finally released to the participants.

 

 

Name of PDMR

Deferred shares released on

2 June 2014

Additional shares released on

2 June 2014

 

Shares sold to meet tax and NIC liabilities

Shares retained

Shares deferred until 1 June 2015

N J Adami

42,112

218

17,821

24,509

42,112

M J Bowman

22,307

478

9,593

13,192

22,307

J Davidson

18,328

95

8,659

9,764

18,329

N T Fell

19,120

409

9,179

10,350

19,120

C A van Kralingen

23,900

512

11,474

12,938

23,900

A Mervis

23,073

399

9,389

14,083

23,073

 

The price per share sold on 2 June 2014 was £33.11.

 

 

 

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

 


This information is provided by RNS
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