2nd Jun 2015 08:05
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 1 June 2015, 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* | 73,627 | 125 |
M J Bowman | 29,975 | 60 |
S M Clark | 29,975 | 60 |
J Davidson | 19,457 | 35 |
D J De Lorenzo | 29,975 | 60 |
N T Fell | 19,457 | 35 |
C A van Kralingen | 25,247 | 45 |
K G Lippert | 29,975 | 60 |
A Mervis | 29,975 | 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 in constant currency.
(Note 2) The specified number of TSR-based value 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
Stephen Shapiro, Group Company Secretary
2 June 2015
Related Shares:
SAB.L